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There are no restrictions
on foreign investments in Bolivia.
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100% foreign ownership
is permitted in Bolivia
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There is an equal treatment
for both national and foreign investors.
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There is personnel hiring
freedom.
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Employee and workers wages
must be established pursuant with the General Labour
Law regulations.
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Free Investment Law guarantees
currency exchange and economic agents are free to perform
legal accountancy actions and operations in either local
or foreign currencies.
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There is neither Foreign
Currency exchange control, nor restrictions in regard
to capital imports or exports. Neither are there restrictions
on internal royalty and dividend remittances through
technological transfers or other mercantile concepts.
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All money remittances
or transfers will be subject to legally established
tax payments. There are no exclusions to the price control
system.
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There are no restrictions
on imports or exports except for produces banned by
law. (Import licenses or authorisations are not necessary).
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Free trade industrial
zones are oriented towards exports, the free trade zone
or the customs terminal offices, as well as the temporary
importation of imports operating under the Customs Fiscal
Segregation Principle with tax exemption and regulating
law protection.
TAXATION
SYSTEM
Bolivia boasts a simple and
attractive taxation system. Investors may obtain fiscal
loans locally and in many foreign countries and they may
pay taxes in Bolivia. The most important taxes to be taken
into account are, 13% VAT or Value Added Tax, 3% non deductible
Transactions Tax and Company Profit Tax which is equivalent
to 25% of the profits. And, it is paid on a yearly basis
and up to (120) one hundred and twenty days after the
closing of the yearly balance. There
are no taxes applicable to personal income or capital
added values.
