Bolivia
AI Agent Legal Status: restrictive · Autonomy: none
Legal Framework
Bolivia historically banned cryptocurrencies through a 2014 Central Bank resolution, though enforcement has relaxed. The BCB (Banco Central de Bolivia) reversed its ban in 2024, permitting regulated crypto transactions. No AI-specific legislation or digital asset framework. Limited e-commerce legal infrastructure.
Key Laws & Regulations
- ◆BCB Resolución de Directorio 044/2014 (original crypto ban, revised 2024)
- ◆Ley de Telecomunicaciones, Tecnologías de Información y Comunicación
- ◆Código de Comercio
Business Formation
Sociedad de Responsabilidad Limitada (SRL) is common. Registration through FUNDEMPRESA. Bureaucratic and slow process. Limited foreign investment protections. No AI entity recognition.
Tax Implications
Corporate income tax at 25%. VAT (IVA) at 13%. Transaction tax (IT) at 3% on gross revenue. Limited double taxation treaties. Crypto tax treatment unclear following ban reversal.
Opportunities
Post-ban reversal opening for crypto and digital services. Untapped market with growing digital adoption. Low competition in tech sector.
Highlights
Recent reversal of crypto ban signals regulatory evolution. Low operating costs. Growing mobile internet penetration.
Risks & Challenges
History of crypto prohibition. Limited regulatory framework for digital innovation. Political uncertainty. Small and underdeveloped tech ecosystem. Infrastructure limitations.