Yesterday, on March 29, 2021, an integrated electronic system for registration of business entities and entrepreneurs in Republika Srpska was promoted, which simplifies the process and shortens the time required for registration.
The system is easy to use, does not require a visit to any institution, and can be accessed via the following link available on the official website of the Government of Republika Srpska.
The e-Registration project in Republika Srpska is the result of a long-term reform process achieved through the LIFE Business Environment Improvement Project implemented by the International Finance Corporation (IFC), a member of the World Bank Group, and funded by the British Embassy in BiH. The project aims to provide faster, cheaper and more transparent services to businesspeople and citizens in BiH.
– In addition to electronic signatures and high security standards, the Integrated e-Registration system promotes the European interoperability model, which means that the public administration will automatically check the data it already has, which ensures higher productivity and shortens the time required for the registration process. In this way, entrepreneurs are exempted from visiting institutions, getting documents, and thus paying fees for their issuance or certification. In addition, by registering through the e-Registration portal, entrepreneurs will receive a 50% discount on administrative fees, and all payments are made through only one payment, i.e., all previous taxes have been consolidated through a single payment slip – the RS Ministry of Economy and Entrepreneurship announced.
The e-Registration portal was launched yesterday and is active, but it will take some time for citizens, businesses and government agencies to start using electronic signatures, which is a prerequisite for the system to be in mass use, and some time for everyone in the system fully trained for its use. It’s a process, but the infrastructure is there and it works.
– 76 institutions from the entity and local level of government in the Republika Srpska are included in the system, and that number speaks precisely about the level of complexity of this reform – it is added in the announcement.
With the introduction of the integrated E-Registration system, with the support of the LIFE Project, the Republika Srpska has amended five legal solutions and a number of bylaws. In order for this reform to be implemented, commercial courts have previously had to digitize more than 12 million of their acts, which are part of this integrated system, and allow for easier search and handling of party requests.
– In the past five years, IFC has invested its knowledge, technology and, together with partners in the RS Government, worked in a structured way on creating preconditions for the realization of the first fully digital service for citizens and businesspersons. Digitization of economic infrastructure is key to developing the private sector and strengthening competitiveness. Digitized processes are faster, more efficient and more economical, and reduce the space for errors and corruption. The last year has shown us how important it is to ensure an innovative approach not only in business but also in service delivery. Today, companies and entrepreneurs are fighting for survival and trying in every possible way to adapt to the given circumstances. Digitalization of public services provides support and accelerates this process of transformation. I would like to thank the RS Government RS and the British Embassy for supporting the project and for successful cooperation during the implementation – said Lada Buševac, Head of the IFC Office in BiH.
On this occasion, Matt Field, the British Ambassador to BiH, stated that it is understood that the future is digital, and in many countries, it is already a reality.
– The commissioning of the electronic system for registration of business entities is an important step and a great joint achievement. This system integrates various steps in all departments of the administration into one streamlined procedure. The result is a significantly reduced time required and the cost of registering a business entity. Both we and our partners strongly welcome it, but what is even more important is that it is strongly welcomed by all those who live in Republika Srpska and who will be helped by a better and more favorable business environment – Ambassador Field added.
