Investors may freely contract the investments insurance in Bolivia or abroad. Local and foreign investors can agree to submit their discrepancies to arbitration according to the Constitution and international laws. Local and foreign investors can enter into joint ventures. Investors, local or foreign, have equal treatment as to the purchase and selling of foreign currency, taxes, right to export capital and profits and the ability to invest in any commercial or industrial activity, except those activities which belong to the public sector such as public services. All investments whether local or foreign, are subject to the same taxes and rights to import or export and to the same regulations to incorporate legal entities.
Foreign corporations can acquire all of the assets of local companies.
A foreign company may invest in Bolivia without being subject to special restrictions, specific methods or special governmental approvals. They may operate in Bolivia through the incorporation of subsidiaries, without any restriction as to minimum capital or remittance of capital or profits abroad. The Bolivian Commerce Code states that under the articles of incorporation of a commercial company, two or more persons must agree to contribute for a common purpose and distribute among them the benefits or undertake the losses. The articles of incorporation and bylaws of the company, must be notarized and the partners or shareholders must sign the respective public deed. A copy of the public deed after being published in a newspaper must be registered before the Tax Office, Municipality and Commerce Registry.