PENALTIES FOR FAILURE TO RENEW ON TIME
Current administrative regulations stipulate that any company failing to renew its Commercial Registration within the established timeframe commits an administrative offense. This omission is subject to a fine whose amount depends on the legal nature of the business entity. The UFV is an inflation-adjusted economic unit that maintains the real value of penalties over time, protecting them from inflationary loss.
FINE TABLE BASED ON TYPE OF ENTITY
Below is the schedule of fines, expressed in UFV, applicable to each type of business entity that fails to renew its Commercial Registration on time:
| Type of Business Entity | Fine (UFV) |
|---|---|
| Sole Proprietorship | 360 |
| Limited Liability Company | 630 |
| General or Simple Limited Partnership | 630 |
| Corporation, Partnership by Shares, Mixed, and Foreign Companies | 810 |
This sanctioning system is designed to promote timely compliance with legal obligations and to keep company data up to date in the Commercial Registry.
IMPACT OF NON-COMPLIANCE ON BUSINESS OPERATIONS
Failure to renew not only triggers financial penalties but can also lead to significant practical consequences: it may prevent the company from participating in government procurement processes, obtaining bank loans, or conducting notarial and legal procedures. For instance, a Limited Liability Company renewing late would be subject to a fine of 630 UFV, which can become a considerable financial burden when combined with other administrative breaches.
For comprehensive legal advice on commercial matters in Bolivia, our legal team is here to assist you. If you have received a notification regarding a commercial registration infraction, contact us today for effective guidance in compliance with current regulations.
Frequently Asked Questions (FAQs)
What is the UFV and why is it used to calculate fines?
The UFV (Unidad de Fomento a la Vivienda) is an inflation-adjusted economic unit used in Bolivia. It ensures that the real value of monetary fines remains stable over time.
What happens if I don’t renew my Commercial Registration on time?
A financial penalty in UFV will apply, with the amount depending on the legal structure of your business. Additionally, operational restrictions may arise.
How can I check if my company has missed the renewal deadline?
You can verify the status of your Commercial Registration through the official portal of the Commercial Registry or with the assistance of a specialized attorney.
Is it possible to contest or reduce the fine?
In some cases, administrative review may be requested, but the outcome will depend on the specific circumstances of each business.
Does a late renewal affect my ability to sign contracts?
Yes. An expired registration may invalidate legal acts or complicate the execution of contracts with public or private entities.
- Servicio Plurinacional de Registro de Comercio. (n.d.). Administrative regulation on Commercial Registration renewal. Public internal document.
- Banco Central de Bolivia. (2025). Updated UFV value. Retrieved from https://www.bcb.gob.bo
The content of this article does not reflect the technical opinion of Rigoberto Paredes & Associates and should not be considered a substitute for legal advice. The information presented herein corresponds to the date of publication and may be outdated at the time of reading. Rigoberto Paredes & Associates assumes no responsibility for keeping the information in this article up to date, as legal regulations may change over time.
