Foreign legal persons and entities can aquire property under condition of reciprocity (Branches can purchase and own real estate (land) if there is reciprocity), or without any conditions if locally incorporated. The Ministry of Justice of Federation of Bosnia and Herzegovina issues a list of countries with whom Bosnia and Herzegovina does not have reciprocity related to the acquisition of real estate each year by 31 January at the latest. Under Bosnia and Herzegovina's Foreign Direct Investment Policy Act, foreign investors wishing to invest in real estate must either acquire all or part of an entity owning real estate, or establish a new company in the Federation through which the real estate can be acquired under the same conditions as citizens of Bosnia and Herzegovina.

"Article 3
Holders of ownership and other real rights
(1) Every natural and legal person can be the holder of ownership rights and other real rights.
[...]
Chapter III - THE RIGHT OF FOREIGN PERSONS
Acquisition of property by foreign persons
Article 15
(1) The provisions of this law also apply to foreign natural and legal persons (hereinafter: foreign persons), unless otherwise stipulated by law or international agreement.
(2) Foreign persons acquire ownership rights to immovable property in the Republic of Srpska (hereinafter: the Republic) under the condition of reciprocity, unless otherwise determined by law or international agreement.
Property restrictions
Article 16
(1) A foreign person cannot be the owner of immovable property in an area that, for the purpose of protecting the interests and security of the Republic, that is Bosnia and Herzegovina, has been declared by law to be an area where foreign persons cannot have ownership rights.
(2) If a foreign person acquired the right of ownership of immovable property before the area where the immovable property is located was declared an area referred to in paragraph (1) of this article, the right of ownership of that immovable property ceases, and the foreign person has the right to compensation according to the expropriation regulations.
(3) The right to compensation from paragraph (2) of this article also belongs to a foreign person who would acquire immovable property in that area through inheritance.
(4) A special law shall determine on which immovable property foreign persons may not acquire property rights.[...]" (LAW ABOUT REAL RIGHTS ("Official Gazette of RS", No. 124/2008, 3/2009 - corrected, 58/2009, 95/2011, 60/2015, 18/2016 - US decision, 107/2019, 1/2021 - US decision and 119/2021 - US decision [google translation])
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"Article 3
Holders of ownership and other real rights
(1) Every natural and legal person can be the holder of ownership rights and other real rights.
(2) Only one type of ownership right is independent of the holder of the ownership right.
[...]
Chapter III  - THE RIGHT OF FOREIGN PERSONS
Article 15
Acquisition of ownership by foreign persons
(1) The provisions of this law also apply to foreign natural and legal persons, unless otherwise stipulated by law or international agreement.
(2) Foreign persons acquire the right of ownership of real estate in the Federation under the condition of reciprocity, except when the right is acquired by inheritance unless otherwise determined by law or international agreement. Reciprocity is assumed. The list of countries with which there is no reciprocity is published by the Federal Ministry of Justice, with the prior opinion of the Ministry of Foreign Affairs of Bosnia and Herzegovina, every year no later than January 31.
(3) Foreign persons who do not have the citizenship of Bosnia and Herzegovina are not considered foreign persons according to this law if they were born in Bosnia and Herzegovina or are their descendants.
Article 16
Restrictions on acquisition of ownership
(1) A foreign person cannot be the owner of real estate in an area that, for the purpose of protecting the interests and security of the Federation, has been declared by law to be an area where foreign persons cannot have the right of ownership.
(2) If a foreign person acquired the right of ownership of real estate before the area where the real estate is located was declared the area referred to in paragraph 1 of this article, the right of ownership of that real estate ceases, and the foreign person has the right to compensation according to the regulations on expropriation.[...]" (LAW ABOUT REAL RIGHTS ("Official Gazette of the FBiH", no. 66/2013, 100/2013 and 32/2019 - decision of the US) [google translation])
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"Article 2
In terms of this law, the terms used have the following meanings:
"Foreign investor": means a natural person who does not have a permanent residence in Bosnia and Herzegovina and does not have his main place of business in Bosnia and Herzegovina or a legal entity formed in accordance with foreign law that has its registered office, central administration or main place of business in a foreign country the country;
"Foreign direct investment" means an investment in a newly founded company or an investment in an existing domestic company, as well as an investment in a newly founded institution or an existing institution, which can be in money, things and rights.
[...]
Article 12
Foreign investors have the same real property rights as persons who have the citizenship of Bosnia and Herzegovina, that is, belonging to Bosnia and Herzegovina. Foreign investors from one of the successor states of the former Socialist Federal Republic of Yugoslavia have such rights, provided that investors who have citizenship of Bosnia and Herzegovina, i.e. belong to Bosnia and Herzegovina, have the same rights in the successor state in question. [...]" (THE LAW ON THE POLICY OF DIRECT FOREIGN INVESTMENT IN BOSNIA AND HERZEGOVINA ("Official Gazette of BiH", no. 4/1998, 17/1998, 13/2003, 48/2010 and 22/2015) [google translation])
LAW ABOUT REAL RIGHTS ("Official Gazette of RS", No. 124/2008, 3/2009 - corrected, 58/2009, 95/2011, 60/2015, 18/2016 - US decision, 107/2019, 1/2021 - US decision and 119/2021 - US decision) [google translation]
LAW ABOUT REAL RIGHTS ("Official Gazette of the FBiH", no. 66/2013, 100/2013 and 32/2019 - decision of the US) [google translation]
THE LAW ON THE POLICY OF DIRECT FOREIGN INVESTMENT IN BOSNIA AND HERZEGOVINA ("Official Gazette of BiH", no. 4/1998, 17/1998, 13/2003, 48/2010 and 22/2015) [google translation])
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