Liquidation & Dissolution in Bolivia
Formally dissolve and liquidate your Bolivian S.R.L., closing SEPREC, SIN, and municipal obligations correctly so partners stay protected.
Liquidation Timeline
6-12 months
Tax ID
NIT
Primary Registry
SEPREC
Liquidation & Dissolution in Bolivia: What You Need to Know
Liquidating an S.R.L. in Bolivia under the Commercial Code (Decree Law 14379) requires two public deeds: one for the partners' assembly decision to dissolve and appoint a liquidator, approved by simple majority, and a second approving the final liquidation balance and asset-distribution plan once the liquidator has settled the company's affairs. The liquidator must file an opening inventory within 30 days of appointment, and the liquidation-and-distribution agreement is published in extenso in SEPREC's Electronic Gazette whenever there is patrimony to distribute. The closure must also be formally notified to the Municipal Government, SIN, the Ministry of Labor, CNS, and the AFPs. SIN's Baja de NIT is filed in person at any Gerencia Distrital, requiring the dissolution deed, a closing balance signed by the liquidator and accountant, and proof of legal-personality extinction, though canceling the NIT does not end SIN's authority to audit prior periods. SEPREC deregistration (Trámite 41) is the final step. Realistically, the full process takes 6 to 12 months, even though individual agency service-level timelines look shorter on paper.
Key Requirements
Partners' assembly approves dissolution and liquidation by simple majority, appointing the liquidator(s) in the same or a separate assembly, all under two required public deeds (escrituras)
The liquidator must file an opening inventory within 30 days of appointment (extendable for cause), then realize assets, settle debts, and prepare a final liquidation balance and distribution plan
A second public deed approving the final liquidation balance and asset-distribution plan, required in addition to the initial dissolution deed
The liquidation-and-distribution agreement must be published in extenso in SEPREC's Electronic Gazette when there is patrimony to distribute
Formal notification of the closure to the Municipal Government, SIN, the Ministry of Labor, CNS, and the AFPs, since failure exposes partners and liquidators to future liability
Baja de NIT filed in person at any SIN Gerencia Distrital, with the public-deed testimony of dissolution, the closing balance signed by the liquidator and accountant, and proof of legal-personality extinction
SEPREC deregistration (Trámite 41), requiring the assembly minutes, the liquidator's signed balance and inventory, the patrimony-distribution project, and proof of gazette publication
Common Challenges
NIT deactivation doesn't end SIN's audit authority
Canceling the NIT does not extinguish the company's tax liability. SIN retains the right to audit and sanction the entity, and its former partners, for periods before the NIT was deactivated, even after legal dissolution is complete.
Employee settlements are a separate, mandatory obligation
Desahucio (three months' pay if less than 90 days' notice was given) and, for employees with 15 or more years of seniority, indemnización, must be settled through a finiquito before a labor inspector or notary. Company closure does not reduce or waive these amounts.
2026's exchange-rate shift adds timing risk to capital repatriation
Bolivia ended its 15-year fixed exchange rate in June 2026 for a managed-flexible regime, with the boliviano depreciating and the Central Bank holding limited reserves. Final capital repatriation during a liquidation should account for currency and forex-liquidity risk, not assume the old fixed-rate conditions.
How NavviPal Helps
Coordination of the two required public deeds, the liquidator's opening inventory, and the SEPREC Trámite 41 filing in the correct sequence
Preparation of the final liquidation balance and distribution plan, signed by the liquidator and accountant, and its publication in the SEPREC Electronic Gazette
Handling of the Baja de NIT filing with SIN and formal closure notifications to the Municipal Government, Ministry of Labor, CNS, and AFPs
Guidance on employee desahucio and indemnización settlements, and on current BCB foreign-exchange conditions for capital repatriation timing
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