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Company Registration in Croatia
COMPANY REGISTRATIONS IN
CROATIA
INCORPORATION IN CROATIA
Croatia is located in South East Europe and
borders the Adriatic Sea. It also borders
Bosnia and Herzegovina and Slovenia and
serves as a crossroad of Central Europe.
The main sector of Croatia’s economy is the
service sector, followed by the industrial
sector and agriculture. Tourism is a major
source of revenue during the summer, with
Croatia ranked the 18th most popular tourist
destination in the world.
...CONTD.
The Croatian government
encourages foreign company
formation in Croatia and offers
important incentives for developing
the business environment.
ADVANTAGES OF INCORPORATION IN CROATIA
Easy to incorporate. Easy
incorpor
Low industrial and -
ware housing space ation
cost. Low Access industria to EU
l costs Countrie
Great infrastructure. Advantag s
es
Access to other
countries of EU. Great Rich in
Infrastru Natural
Rich in oil, natural - Resourc
cture es
gas and hydrocarbon
resources.
DISADVANTAGES OF INCORPORATION IN CROATIA
Limited market
Limited opportunities.
Market
Opportu Country under public debt.
- nities
Document approval is
Commu
Public ni- hard.
Debt cation
Disadvantag issues Most of the people do not
es speak English; therefore,
Corrupti communication may harm Hard
docume on &
nt Political
the business
approval Instability Corruption and political
instability.
WHAT ARE THE REQUIREMENTS FOR INCORPORATION
IN CROATIA?
One Shareholder, who may be a
foreigner and not residing in Croatia.
One Director, who may be a foreigner
and not residing in Croatia.
A minimum paid-up capital of 2,500
Euros. This minimum paid-up capital
amount must be paid before the
registration of the company.
WHAT TYPE OF COMPANIES ARE BEST SUITABLE FOR
CROATIA?
Croatia is highly suitable for Manufac-
manufacturing companies, turing Compani
es
because of the low
manufacturing costs and
access to European
Best
markets. Suitable Compani
es
A tourism-oriented company
may also be highly suitable
as the number of tourists
have also boomed in the Tourism Company
recent years.
DIFFERENT TYPES OF COMPANIES IN CROATIA
There are two different type of
companies that can be established in
Croatia.
Firstly, you can establish a Limited
Liability Company(Drustvos
Ogranicenom Odgovornoscu – DOO) in
Croatia.
Secondly, you can start a Joint Stock
Company (Dionicko Drustvo – DD) in
Croatia as well.
FEATURES OF LIMITED LIABILITY COMPANY
The minimum
amount of the
original stock is
HRK 20,000 Types of Companies
(approx. EUR€
2,700). Limited Joint Stock
This must be paid Liability
before the Company
Company
company is
registered.
FEATURES OF JOINT STOCK COMPANY
The Joint Stock Company can be founded
by one person only.
The founder is liable with all of its property.
The shareholders are not liable for the
company.
Minimum amount of the original stock is
HRK 200,000 (approx. EUR€ 27,000).
The company can issue denominated
shares or non-denominated. The
denominated value of the share cannot be
lower than HRK 10 (approx. EUR€ 1.35).
PROCEDURE FOR INCORPORATION IN CROATIA
1. Check the court registry for a company name.
2. Take a temporary seat of the company for the
first 12 months.
3. Draft all necessary documents for establishing
a Ltd company with a minimum share capital
of 20,000,00 Kuna and 1 shareholder.
4. To carry forward the procedure, you need to
present before the public notary, commercial
court, and other relevant bodies.
...CONTD.
5. Obtain a statistical (tax) registration.
6. Obtain a company stamp for your
Croatian company.
7. Open a bank account.
8. Find an accountant in Croatia.
CONCLUSION
Therefore, we can conclude by saying
that Croatia provides us with a great
opportunity for investment in the
sectors of tourism and manufacturing.
Also, the country has several laws that
prove to be of great benefit to the
investors and incorporators.
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