Doing business in: Bolivia
Produced in partnership with Bufete Aguirre, Quintanilla, Soria & Nishizawa Soc. Civ

The following Commercial practice note produced in partnership with Bufete Aguirre, Quintanilla, Soria & Nishizawa Soc. Civ provides comprehensive and up to date legal information covering:

  • Doing business in: Bolivia
  • Introduction
  • The business environment
  • Forming a company
  • Formalities and registration
  • Minimum Capital requirements (other than in some regulated sectors such as banking and insurance)
  • Procedures for decision-making
  • Number of individuals who may be officers of the company
  • Supervision of the Company
  • Financing a company
  • More...

Doing business in: Bolivia

Updated in January 2021


This Practice Note sets out some of the key considerations for a business before it decides to commence operations in Bolivia.

During the 1990s, Bolivia, as other countries in the world to varying degrees, implemented an extensive plan for privatisation of state-owned companies and certain public services, and new supporting legislation which promoted a wave of foreign investments. This was particularly the case in the industry sectors of hydrocarbons, telecommunications, rail transport, electricity, water supply, and to an extent, mining.

The twenty-first century opened with resistance and social protest against such policies. The privatisation of the water supply in the city of Cochabamba, accompanied by an important increase in tariffs, led to the so-called 'water war'. As a result of civil and political resistance, the concession, held by a group of foreign investors, was cancelled. This triggered a claim via international arbitration which was eventually settled. A similar situation followed with the water supply company in the main city of La Paz.

Opposition against the hydrocarbons privatisation policies and a large export project for natural gas using ports in the Republic of Chile, led to the 'gas war' in the early 21st century, which ended with the fall of the then President Sanchez de Lozada, triggering a new political transition which included a referendum on natural gas policies, a new Law

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