Croatia joined the European Union in 2013 and its economy managed to recover from the financial crisis that affected the continent. This lead to an influx of foreign investments in the local market and many international companies established branches in Croatia. There are over 15,000 foreign companies operating in Croatia, especially in banking, telecom and tourism sector.
The Croatian government has committed itself to increasing foreign investments in the country and has taken measures to reduce taxes and promote employment incentives. 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 the accounting procedures in this country.
Our representatives in Croatia provide a large range of accounting services 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.
Our accountants in Croatia deliver personalized services in compliance with your company's needs and the legal provisions of the Company Act.
Accounting and bookkeeping are important parts of the daily management of a Croatian company. The services of an accounting firm 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 of 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 Croatian companies. 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.
Please get in touch with us for personalized offers and prices.