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New Law on Foreign Investments Entered into Force
The National Assembly of the Republic of Srpska on its 23rd session, held on February 22, 2018 adopted the Law on Foreign Investments, which was published in the Official Gazette of the Republic of Srpska no. 21 dated March 13, 2018 and entered into force on March 21, 2018.
In addition to other differences in relation to the previous Law, that has ceased to be valid by the adoption of this Law, this Law stipulates the obligation of a foreign investor to provide the Mayor or Head of Municipality, in which they have its seat registered, with data on the amount of realized foreign investments by the end of March of the current year for the previous year (those data refer to the business name, the address of the head office, the country of origin of the foreign investor, the subject’s registration number and the amount of foreign investment in things, rights or money expressed in BAM). All data collected in this way will be primarily used for statistical purposes.
Accordingly, we inform you that the foreign founders of legal entities registered in the Republic of Srpska have the obligation that by the end of this month provide data to the Mayor/Head of Municipality as mentioned in the text.
The Law Firm SAJIC Partnership was founded by the lawyers Stojanka and Aleksandar Sajic in 2003. The main characteristics of the lawyers and other employees are dedication to the clients, devotion to the work and continual tendency to reach the high ethical and professional standards.
Our business strategy aims to the continual enhancement and development of our services, cooperation and preservation of good business relationship with our clients, as well as employment of high quality young staff. Good business relationships with our clients hold grounds on a perpetual communication, knowledge and long-lasting law practice, while all employees are headed towards reaching and maintaining the high quality law services.
Following the contemporary service providing market trends and considering that only with an everyday progress a high criteria set by the market can be reached, the Law Firm Sajic as its business standard set the management system of quality and organization running according to the ISO 9001:2008 standards from the law services domain.
We are especially thankful to our clients and colleagues on their contribution in developing our firm, as to the support they gave us to become one of the most successful law firms in region and recognizable brand on the Bosnia and Herzegovina’s law services market.