Due to its geographic position and its recent membership to the European Union, Croatia has become an attractive country for investors
. Since the country imports
twice as much in value as it exports
, starting a company in the trade sector can be a profitable decision. Imports and exports in Croatia
are regulated by specific provisions within the commercial legislation. Our experts in company formation in Croatia
can give you extensive information about the trading requirements that a company must abide by.
Top imports and exports in Croatia
According to the Economic Complexity Index, Croatia is the 76th largest export economy in the world and the 37th most complex economy. In terms of imports, Croatia is a major importer
of arms and ammunition. Croatian companies
largely import aircraft and spacecraft technology, raw hides, pharmaceuticals, coated textile fabric, clothing, vehicles and toys. The most relevant import
partners of Croatia are its neighboring countries: Austria, Slovenia and Hungary. Other import
destinations include: China, the Netherlands and France.
When it comes to exports
, Croatia relies heavily on its mineral fuels and machinery. Almost 10% of Croatia`s exports
is represented by oil products and machines, including computers. The statistics of the International Monetary Fund for 2016 credit the pharmaceutical companies in Croatia
for 6.7% of the total exports. The Croatian goods and products are usually exported
to Slovenia, Germany, Bosnia and Herzegovina and Italy. The overall exports in Croatia include the following sectors:
- - electrical machinery (8.9%),
- - wood (5.7%),
- - vehicles (3.7%),
- - iron or steel articles (3.1%),
- - plastics and plastic articles (2.8%).
Our specialists in company registration in Croatia can assist you in establishing a company in the trading sector of the country.
Trade standards for Croatian companies
The local government has harmonized the technical trade standards with the European legislation. According to the Croatian Standard Institute
(HZN), the Croatian companies
acting as importers are held directly responsible for product safety and their conformity with the technical trading regulations
. Nevertheless, the ultimate responsibility for product compliance lies with the manufacturer. The basic trade standards in Croatia
comprise of: testing, inspection and certification of goods and merchandise imported and exported.
The Croatian Accreditation Agency
is the local institution that confirms to companies
and individuals and to Croatian private sector laboratories that they meet certain standards required to participate in the conformity assessment process.
How do I open a trading company 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.
What is the EORI number?
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 import and export activities in the agriculture sector
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
- Commercial farms in Croatia enjoy an average of 8.5 hectares for their agricultural operations.
- Around USD 370 million was the total export of fruits and vegetables in Croatia in 2018.
- Approximately USD 3,200,000 represented the total agricultural exports from Croatia to USA in 2019.
- Croatia is a large pork importer, mostly from countries like Spain and Germany.
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.
Making investments in Croatia
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.
Don`t hesitate to contact
our Croatian company formation
agents if you need more details about the trade standards your company must comply with.