Top Reasons to Outsource to Bosnia and Herzegovina. Hire software developers in Bosnia and Herzegovina:
- Bosnia and Herzegovina offer an educated and skilled IT workforce with a European mindset. The monthly salaries of Bosnian software developers have experienced steady growth.
- Proficiency in languages, including English, German, and Scandinavian languages, facilitates effective communication.
- Several faculties in Bosnia and Herzegovina have established online training programs in partnership with U.S. and European universities, ensuring a well-educated workforce.
- The country has a strong technical education system, with students gaining experience through international projects and student work abroad programs.
- Leading multinational hardware and software suppliers, such as Siemens, Microsoft, Cisco Systems, and Oracle, have local sales and support services in Bosnia and Herzegovina.
- Bosnia and Herzegovina is a potential candidate for EU membership, as recognized at the Thessaloniki European Council summit in June 2003.
- The country boasts a stable currency linked with the Euro and has the lowest inflation rate in Southeastern Europe (SEE).
- It shares European cultural affinity and adheres to business culture standards in line with the EU.
- Significant investments have been made in stability in the past 20 years since the end of the war.
- The country has EU-compliant legislation in place.
- Bosnia and Herzegovina actively participates in the European research area and is involved in international scientific cooperation through projects like INOVO, supporting the development of innovation centers in Banja Luka and Mostar.
Even more reasons why companies should consider nearshore outsourcing to Bosnia and Herzegovina:
- Bosnia and Herzegovina was ranked as the 8th world’s friendliest country to foreigners in 2013 (CNN).
- Sarajevo International Airport (SJJ) provides direct connections to most major European cities within a 2-hour flight.
- It operates in the Central European Time Zone (UTC + 1 hour).
- The country offers an EU Schengen visa, allowing a stay for up to 90 days in any 180-day period in the EU Schengen area.
- Bosnia and Herzegovina has achieved political and economic stabilization, signing the Stabilization and Association Agreement (SAA) with the EU.
- It is a member of the World Trade Organization, facilitating international trade.
- The country boasts a robust economy with a steady growth rate.
- Attractive tax rates include a corporate income tax of 10%, income tax of 10%, and VAT at 17%.
- Sarajevo, the capital of Bosnia and Herzegovina, hosted the XIV Olympic Winter Games in 1984, showcasing its infrastructure and capabilities.
- Many European companies are moving their production to Bosnia and Herzegovina due to its long industrial tradition, competitive workforce cost, favorable business environment, and strategic geographical location.
These factors make Bosnia and Herzegovina an appealing destination for nearshore outsourcing and business expansion.