Imports and Exports in Croatia

 

Import and export companies are great business choices for international investors in Croatia. A trading company can run under the rules of a limited liability company or DOO in Croatia, with EUR 2,500 as minimum share capital deposited in a local bank account. Such companies will only activate with special licenses and permits issued by the Ministry of Commerce and related institutions. In the case of big companies from abroad, the import and export activities can be developed with the support of branches and subsidiaries and the approvals issued by the Croatian Customs Authority. If you would like to open a trading company in Croatia, feel free to address your inquiries to one of our company formation specialists in Croatia who can guide you throughout the whole incorporation process. They can handle all the formalities involved and they can also act as business representatives for your firm in Croatia.

 

 

The EORI number is the Economic Operator Registration and Identification code that needs to be assigned to trading companies in Croatia with import and export activities within the EU territory. The EORI number is unique for any trading company with activities in Croatia, it is formed of the country’s prefix, the VAT number, and other digits. This kind of code is used by the customs authorities for better control of the import and export activities of Croatian companies, mentioning that the EORI number is completely different than the VAT code assigned for trading companies in Croatia. The VAT certificate of the trading company, a document issued by the Croatian Trade Register that shows the company is registered for business, plus the power of attorney are among the necessary documents for EORI applications in Croatia. The formalities are not complicated, however, we recommend you talk to our company formation specialists in Croatia if you want to obtain the EORI number.

 

 

The agriculture sector of Croatia is one of the most prosperous in the country, with more than 1.3 million ha of agricultural land and around 2.2 million ha of forests. The export of agricultural products like corn, wheat, poultry, wine, and eggs is made in favorable conditions with international partners of any kind. It is good to know that 4% of the total GDP of Croatia is sustained by the prolific agriculture sector. Below you can find some interesting facts and numbers regarding the import and export activities in the agricultural sector of Croatia: 

 

 

Croatia has great import and export collaborations with the American trading companies, in terms of fish and seafood processing products. Even if the excellent geographic location of Croatia, with exits to the Adriatic Sea, provides numerous business operations in the fishery industry, the country still needs to comply with the market demands in this sector. This is why Croatia imports large quantities of fish from Italy and Spain, the main trading partners in this sector.

 

 

The legislation related to foreign investments in Croatia is extremely permissive and lets international investors develop their activities in all sectors of interests, taking advantage of the same business regulations as domestic entrepreneurs. Adding the support of the government in terms of tax incentives is another important business motivation for foreigners in Croatia. There are more than 15,000 foreign companies with operations in Croatia, in prolific sectors like tourism, agriculture, ICT, pharmaceuticals, food, automotive, manufacturing and textile industries. It is important to know that Croatia signed a series of double taxation treaties with countries worldwide to avoid the fiscal evasion and the double taxation of profits. Among the business benefits directed to international investors in Croatia, we also mention the experienced and multilingual workforce, the low labor costs, the appealing tax structure and also the possibility of reinvesting the profits in the companies without being taxed. The import and export sector remains solid in Croatia, being on top of the list of overseas investors looking for a business in this country.