Gofaizen & Sherle helps you choose where to set up your crypto business in Bosnia and Herzegovina, form the company and prepare your application for virtual asset service provider (VASP) registration. The requirements depend on your company’s location and the services you plan to offer. In Republika Srpska, providers must be entered in an official register. This registration is not a separate license to operate.
Route and AuthorityRepublika Srpska Securities Commission record
CompanyLocal limited liability company (d.o.o.), or an eligible branch structure
Authority: FBiH Securities Commission; Mechanism: Statutory AML supervision; Service scope: VASP activities; Verification status: Comparable registration procedure not verified.
Brčko District
Authority: Directorate of Finance, Tax Administration; Mechanism: Statutory AML supervision; Service scope: VASP activities; Verification status: Filing requirements need confirmation.
The Republika Srpska Securities Commission also supervises companies based elsewhere that offer services through a branch in Republika Srpska. It checks that they follow AML/CFT rules and lists registered providers in its official register.
Transfers Receiving and executing customer transfer orders
Services for token issuers Providing financial services to help another business offer or sell its virtual currency
Issuing your own token, tokenizing an asset or supporting an initial coin offering (ICO) requires a separate review. The rules depend on what the token represents and your business’s role in the project.
What Will Gofaizen & Sherle Handle?
Licensing support covers defined deliverables:
01
Assessment & Structure
Regulatory assessment and business-structure selection
02
Registration & Documentation
Company setup and corporate documentation
03
Compliance Framework
AML and know-your-customer (KYC) policies, risk controls and AML officer recruitment support
04
Operational Readiness
Application support, filing and responses to authority requests
Banking readiness and agreed ongoing compliance support
Registries and the Commission make their own decisions. Management and the money laundering reporting officer (MLRO) remain responsible for implementation.
What Does the Service Cost?
Gofaizen & Sherle’s offer sets out these packages. Confirm scope and charges before engagement.
Full
€13,900
Everything in Advanced plus:
director’s local residence-registration certificate (“white card”) support
KYC/transaction-monitoring provider setup
office space for one year
a legal opinion on company status
Advanced
€9,900
Everything in Basic plus:
apostille/English translation
European electronic money institution (EMI) application support
AML officer recruitment/employment documentation
tailored policy
Basic
€6,500
Incorporation including government/notary fees
address for one year
filing support
local special-purpose account assistance
Serbian corporate documents
standard AML/KYC policy
The Commission’s 2026 fee schedule sets a one-time registration fee of 3,000 BAM and an annual supervision fee of 1.2% of total revenue, subject to a minimum of 2,000 BAM per year.
The process for setting up and registering a VASP in Republika Srpska has five stages. Some tasks can run in parallel.
The final quote must distinguish professional fees, official charges and third-party expenses. Confirm treatment of the Commission fee, translations, bank charges, MLRO salary, accounting and address/office renewals. Package prices are not the total operating budget.
What Are the Steps to Register a VASP?
Step1
Assessment
You describe your services and target markets. Gofaizen & Sherle identifies the requirements and helps choose a company structure.
Step2
Company Formation
Gofaizen & Sherle prepares the documents. You provide information, sign and pay the share capital. The registration authority reviews the application and registers the company.
Step3
Compliance Preparation
Gofaizen & Sherle prepares AML/CFT policies and compliance officer documents. Your management appoints the officer and implements the procedures.
Step4
Application and Review
Gofaizen & Sherle submits the application and help answer follow-up questions. The Republika Srpska Securities Commission decides whether to register the company.
Step5
Launch Preparation
Gofaizen & Sherle supports bank applications and, where included, KYC/KYT provider arrangements. The bank decides whether to open an account. Your team ensures the platform and compliance procedures are ready before launch.
What Do We Need From You?
Ownership & Management
Founder, shareholder, ultimate beneficial owner and director identification, residence and background documents
Ownership chart, existing corporate records and source of funds
Business Model
Business model, activities, customers and target markets
Transactions & Markets
Fiat/asset flows, expected volumes and banking needs
Compliance & Banking
Existing policies, technology arrangements and intended launch date
Our expertise
Why Gofaizen & Sherle?
We combine legal, regulatory and technical expertise to support businesses navigating complex regulatory requirements from initial assessment to implementation.
01Corporate structuringCompany formation and cross-border business setup.
02Financial regulationsApplication preparation and regulator-facing documentation.
03Compliance & GovernanceAML/CTF frameworks and post-authorisation support.
Gofaizen & Sherle provides the following estimates for setting up and registering a VASP in Republika Srpska:
Preparation
We collect your information, confirm the planned activities and prepare the initial documents. Timing depends on receiving complete documents and signatures from you.
Timeline: 2 weeks
Company Formation
We prepare and submit the incorporation application. Completion depends on the notary, registration authority and bank handling the share capital deposit.
Timeline: 2–3 weeks
VASP Registration
This is the estimated time to prepare the compliance documents and submit your application to the Securities Commission. The Commission’s review may take longer if it needs further information.
Timeline: 4–5 weeks
These are planning estimates, not guaranteed deadlines. Bank or EMI account applications follow a separate schedule determined by the provider. Your launch date also depends on completing registration and having the necessary operational arrangements in place.date. Bank/EMI onboarding has a separate timetable. Incomplete documents or authority questions can extend the process.
LawAML/ CFT
Effective from13/2024
Which Laws Apply to Your Crypto Business?
Your business must follow Bosnia and Herzegovina’s AML/CFT law, along with the rules that apply where it is established and provides services—Republika Srpska, the Federation of Bosnia and Herzegovina or Brčko District.
BiH AML/CFT Law, 13/2024 — Authority: Territorial supervisors and SIPA’s Financial Intelligence Department; Main function: Customer checks, monitoring and reporting.
RS Securities Market Law, Article 260b — Authority: RS Securities Commission; Main function: Provider record and supervision.
RS record rules, 4/23, 82/24, 112/25 — Authority: RS Securities Commission; Main function: Filing information and supporting evidence.
Current Regulatory Status
Confirmed
the Commission’s May 27, 2026 notice distinguishes record entry from operating approval
Territory-dependent
National AML obligations do not establish identical filing procedures everywhere
Before filing
check current forms, officer evidence and the 2026 fee tariff
Keep business and compliance records, and notify the relevant authority of changes to ownership or designated officers
Maintain the responsible AML function and staff training
Submit RS annual risk reports and financial filings, with audits where required
Budget for supervision fees and ongoing compliance
Obligations depend on services, territory and customer risk:
The RS reporting requirements are set out in the Commission’s current reporting rule.
What Taxes Will Your Company Pay?
Tax residence and transaction treatment matter alongside headline rates.
Corporate income tax: 10% on taxable profits in RS, FBiH and Brčko
VAT: Standard rate: 17%. Assess each service and any applicable exemption
Dividends: Check recipient status, applicable territorial rules and treaties
VAT treatment depends on the type of crypto transaction, while taxes on profit distributions depend on the applicable rules and the recipient’s circumstances.
What Could Prevent a Lawful Launch?
Providing RS services before entry in the record
Failing AML controls or reporting duties
Treating registration as permission for unrelated products
Serving foreign markets without checking their requirements
How Does Banking Support Work?
Banks, electronic money institutions (EMIs) and payment service providers (PSPs) make their own account decisions.
Owners and source of funds — Gofaizen & Sherle supports: Evidence preparation.
MiCA safeguards must meet the higher of the relevant threshold and one quarter of annual fixed overheads. Corporate formation capital and regulatory safeguards are different measures.
Yes. RS company-formation rules allow foreign individuals and companies as founders. Gofaizen & Sherle can assess the ownership structure and required evidence before incorporation. Foreign owners will need to provide identification, information about the source of their funds and the required documents for the company’s director.
Can everything be completed remotely?
Some company formation steps can be handled remotely through a notarized power of attorney. However, the director may need to visit Republika Srpska to complete local formalities and open a bank account. Gofaizen & Sherle will clarify which steps require a visit so you can plan ahead.
Does a small team need a separate MLRO?
The staffing arrangement needs assessment. TheRS rules allow a declaration for businesses with four or fewer employees. This does not remove AML responsibilities. Gofaizen & Sherle can assess the applicable arrangement and prepare officer documentation.
At Pilsenga since the very beginning we counted with Gofaizen & Sherle to build our financial institution in 21 days, we started our operations in record time thanks to them, it's been pleasant to work with them through the rush of building a Financial Institution in record time. They for real understand compliance and crypto businesses!
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