Accounting in Croatia is a service needed by most companies opened by local or foreign investors and our team is ready to offer professional financial services for different types of legal entities.
Taking into consideration the great number of foreign companies establishing branches and subsidiaries in Croatia, it is highly recommendable to be updated with the accounting rules
in order to run correctly a business in this country. The Commercial Code
imposes certain accounting standards
to Croatian companies. They also have to submit annual balance sheets and other accounting documentation with the Trade Register.
Our company formation agents in Croatia
can give you complete information about accounting in Croatia.
| Quick Facts || |
| Who requires accounting services in Croatia || |
Local and foreign business owners with commercial activities
Applicable accounting legislation in Croatia
- European IAS (International Accounting Standards),
- IFRS (International Financial Reporting Standards)
Types of accounting services we offer
- maintaining company accounts,
- annual financial statements,
- tax minimization methods,
- tax registration
| Tax advice and compliance || |
- regular oversee of tax legislation,
- business guidance in matters of taxation,
- tax-saving strategies
| We offer support for tax registration || |
Companies must be registered for the payment of VAT, corporate tax, and other related obligations.
| Financial planning for company owners in Croatia || |
For clients who want to make smart and risk-free investments in Croatia
| Risk assessment and evaluation || |
Our accountants in Croatia can detect possible business risks and provide specific measures.
| Types of audit services || |
- internal control system audits,
- external and financial audits,
- regulatory audits,
- special purpose audits
| Tax minimization methods available || |
- strategic tax management imply advance payment of credits,
- registration of charities,
- retirement accounts,
- travel deductions
| Personalized financial consultancy services || |
- new business approach,
- integration of new technologies,
- support for investments with high returns
| Investment consultancy for high-net-worth individuals || |
Dedicated services for better management of assets
| Financial and analysis reports for companies || |
Such reports can reveal the financial direction of the business and can be used to attract investors.
| Human resources services available || |
- drafting employment contracts,
- employee administration-related issues
| Expertise provided by certified accountants (YES/NO) || |
| Fiscal year in Croatia || |
It starts on January the 1st and ends on 31st of December.
Accounting services available in Croatia
Our representatives provide a wide range of services for those who need accounting in Croatia, among which:
- • Maintaining accounts for a Croatian company;
- • Payroll administration;
- • Filling of accounts with the Tax Authorities in Croatia;
- • VAT registration and VAT filings in Croatia;
- • Reviewing financial accounts;
- • Tax minimization solutions. More can be discussed with our accountants in Croatia.
Our accountant in Croatia
delivers personalized services in compliance with your company's needs and the legal provisions of the Company Act
. You can also find useful the following infographic about accounting in Croatia
Bookkeeping services in Croatia
Accounting and bookkeeping in Croatia
are important parts of the daily management of a local company
. The services of an accounting firm in Croatia
are required because the International Financial Report Standards
(IFRS) are mandatory for large companies and those listed on the local stock exchange. All other Croatian companies
have to report to the Croatian Committee for Financial Reporting Standards
, the main accounting regulation body in the country. The accounting reports submitted with this institution must contain:
- - a balance sheet,
- - a cash-flow report,
- - a profit and loss account,
- - a review of the changes involving the authorized capital,
- - comments and annexes.
Other important financial documents that Croatian companies must handle are payrolls and human resources management
. Outsourcing companies are usually hired for managing payrolls and accounting reports for companies who need accounting in Croatia
. Appointing independent auditors
to monitor and verify their financial records is another obligation for Croatian companies. Our experts in company formation in Croatia
can provide a wide range of audit and accounting services
for each type of company. You can rely on the support of our accounting company in Croatia
for bookkeeping in Croatia
. Clients interested in incorporation services in other countries, for example in company formation services
in Singapore, can rely on our partners - OpenCompanySingapore.com.
Personalized accounting services in Croatia
If you think of hiring the services of an accounting firm in Croatia instead of creating such a department, it is good to know that additional services can be provided, such as:
- • specific financial reports about foreign bank credits with the help of the National Bank in Croatia;
- • assistance at the time an audit is performed in the company;
- • support in the case of payments in different currencies;
- • preparation of quarterly financial reports in compliance with the applicable laws.
We remind that our team of accountants in Croatia has a wide experience in this field and they work in respect with the Croatian Financial Reporting Standards, the Accounting Act and the international laws.
What types of financial reports must be filed in Croatia?
An accounting firm in Croatia
handles a series of reports like the balance sheet, the cash flow report, the profit and loss account, plus the annual financial reports as needed in every company. All the reports reveal significant information about the financial status of the firm, the economic outcomes and a complete image about the ways the company is managed. All the financial reports
are imposed for all legal entities with establishments in Croatia, domestic or foreign.
Bookkeeping in Croatia – What you need to know about documents
The internal bookkeeping documents like payment slips, traveling orders, outgoing invoices, payment orders, and payroll are the type documents created in the firm. There are also external bookkeeping documents like supplier invoices, entry notifications or other statements which need to be registered in the company. Bookkeeping is extremely important for a company, and an accounting firm is definitely required for small, medium and large companies in Croatia
What is the accounting process for a company in Croatia?
All the business activities are recorded with the help of bookkeeping, taking into account varied items like payroll accounts, material expenditures, trade receivables, sales contracts, inventory process, trial balance, financial reports, journals keeping the business activities entries, a general ledger that records the business performance and any financial status change. More about the services of our accounting firm in Croatia can be discussed with us.
Can I request accounting consultancy in Croatia?
Yes, our accounting company in Croatia is at your disposal with accounting consulting services for the company you own in this country. This will ensure that the company aligns with the rules and operations required in this case and that you will receive the services you need. These include:
- Optimizing financial and accounting services, as well as revising them where appropriate.
- Establishing accounting control systems and procedures in the company.
- Accounting and financial due diligence for a better operation of the company's operations.
- Application of IFRS rules, in accordance with regulated local rules.
You can discuss more with our accountant in Croatia and find out about the extra services offered in this case.
Some of the essential accounting rules in Croatia
Our accounting firm in Croatia can explain to you from the very beginning what are the important accounting rules without which a company could not operate legally in this country. Let's review some of these:
- The fiscal year begins on January 1 and ends on December 31.
- IFRS or International Financial Reporting Standards is the set of accounting rules that have been adopted in Croatia as well.
- The accounting rules implemented by the Committee for Financial Reporting Standards in Croatia are also observed.
- Balance sheet, cash-flow reports, profit, and loss accounts are among the most important accounting documents held by a company in Croatia.
- All financial documents must be kept in the company for at least 11 years.
- An independent external audit is required for companies with financial documents exceeding EUR 4.3 million annually.
These are some of the most important accounting rules that apply to Croatian companies. Our accountant in Croatia can easily explain what kind of services your company needs.
VAT registration in Croatia
Croatia imposes a 25% VAT on various activities in this country. Therefore, it is essential to register the company to pay this type of tax. Our accountants in Croatia can offer you the necessary support in this direction so that you can align with the respective requirements. For this, you need to prepare some documents, including those of the company, respectively Articles of Association. In addition, the Certificate of Registration of the company in Croatia, as well as some standard forms that require additional information. The whole process can take about 8 days and it is important to have specialist help in this process, to ensure that you follow all the steps for registration for VAT in Croatia.
What is the purpose of the accounting in Croatia?
With the help of the accounting systems, all the financial transactions are recorded, and then used for varied accounting and financial reports in the firm. Moreover, certain financial reports are solicited by the tax authorities and other financial institutions in Croatia. Also, the registration of employees and payroll services are part of the necessary accounting services for a firm. It is important to properly manage the accounting documents of a firm, and consultants in the field are at your disposal as soon as you register a company.
Why choose our accounting services in Croatia?
It is extremely important to have the accounting matters in mind at the time you decide for a company in Croatia
as a domestic or international entrepreneur. This is a significant part of the overall business activities for which complete attention is needed, especially as a taxpayer in this country.
An accounting firm in Croatia will manage all the financial records in the firm in a professional manner and in compliance with the business needs for which complete solutions are provided. Our team can help you maintain a good business direction by offering professional advice in financial documents management. Moreover, bookkeeping services are of high importance for generating a series of accounting documents. The similar thing is available for VAT returns and annual financial statements which are needed in the company and for which our team will act in the best interests of the clients.
No matter the type of company you own in Croatia (limited liability company, joint stock, joint venture or partnerships), it is best to solicit complete accounting services from our team of experts and think of the ways in which you can direct your investments. Also, some tax minimization methods may be excellent options for your company in Croatia, in order for you to avoid extra taxes and to develop your business in an efficient and smart manner. Having experience as an accounting firm in Croatia will weigh much in front of entrepreneurs who are looking for professionals in the firm and for persons who can properly and correctly handle all the accounting matters in your company.
Why invest in Croatia
Croatia is a solid business destination and one of the most popular in the European Union. With an attractive charging system, a young and experienced workforce, and quality infrastructure, Croatia is preferred by foreign investors who want to make a profit in this country. Here are some statistics about Croatia's economy:
- Over USD 32 billion was the total FDI for Croatia in 2020.
- Telecommunications, wholesale trade, financial services, and real estate are among the sectors that absorb the most foreign investment in this country.
- 63 is the place occupied by Croatia according to the Global Competitiveness Index.
Please get in touch
with us for personalized offers and prices related to accounting in Croatia