News in English     | 16.09.2019. 14:46 |

Public call for companies with diaspora participation presented in Sarajevo

FENA Muhamed Hadžibegić

SARAJEVO, September 16 (FENA) - USAID Diaspora Invest Project in cooperation with the Chamber of Commerce of the Sarajevo Canton held an info session today as part of the promotion of the fifth public call for grants to small and medium-sized enterprises.

The key conditions are that companies which apply must be registered in BiH more than three years, and that they are partly or completely owned by investors from the BiH diaspora or have clearly demonstrable connection with a member of the BiH diaspora through legally valid documents.

President of the SC Chamber of Commerce Muamer Mahmutović said that as part of its activities, the Chamber seeks to provide quality information to businesses about sources of funding they can use.

“USAID Diaspora Invest Project is an interesting and convenient tool that can help businesses with significant participation of the BiH diaspora capital to expand their business,” said Mahmutović.

USAID Diaspora Invest Communications Specialist Nedim Jahić stated that today's info session is the result of their cooperation with the SC Chamber of Commerce at a public call presentation held in the beginning of the month.

“The project is designed to enable investments in fixed assets, and is focused on joint stock companies and limited liability companies,” explained Jahić.

The selection criteria for choosing the most successful investment proposals are the planned new jobs and amount of the planned investment. The grants are approved up to 50,000 KM, with obligation to invest in the project with their own contribution, at least in the ratio of 1: 1 (in relation to the requested funds), of which 50 percent can be noncash contribution.

(FENA) A. B.

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