a)  Company registration process ( and the process for closing a company): a simplified system is under preparation but I am very surprised by how slow the process has been. The banks and the Central Bank together reformed the internal payments system in BiH over nine months. The issue of simplifying the company registration process has been talked about for about four years.
It is time some of these reforms were completed rather than just talked about. b)  Tax system: the current tax system is very fragmented and costly for businesses, especially small businesses. The introduction of the VAT system should go a long way to improving this. I know the Government is now trying to get this system introduced as soon as possible.