The business environment in Croatia
is appreciated and open for varied investments in the well-developed sectors like tourism, manufacturing, IT, engineering, agriculture and many more. Our company formation agents in Croatia
can offer the needed support for foreign investors interested in opening companies in Croatia
. The main steps in company incorporation in Croatia
can be explained by our advisors who can also assist you with the requirements imposed by the Trade Register in Croatia
What is the Trade Register in Croatia?
The Trade Register in Croatia is known as the Croatian Company Registry and it is actually represented by the Commercial Court in Croatia, which is managed by the Chamber of Commerce in Croatia. All companies must register with the Commercial Court in Croatia before starting their commercial transactions. The Financial Agency of Croatia also deals with registration of companies in Croatia.
How can I have access to the Croatian Trade Register?
All companies registered in Croatia
are kept in an electronic database that is accessible to the public online. The database is called the Croatian Company Directory. Anyone can check information on Croatian private companies, registered traders, institutions, and foreign companies or Croatian branch offices. The database is available only in Croatian, but it is rather simple to use.
How do I register a company in Croatia?
When starting the registration process of a company in Croatia, an application has to be submitted with the Financial Agency of Croatia. This institution will forward the documents to the Croatian Commercial Court. The application must also contain notarized documents, such as:
- • the articles or the state of incorporation with the name of the company;
- • the amount of initial capital, a list with the name of the shareholders and a list of the members of the board;
- • complete information about the owners (their names, the nationality and the residency);
- • bank statements with details about the drafted minimum share capital for your company.
If the Commercial Court considers it necessary, it may request additional information. Otherwise, the registration certificate will be issued as soon as possible. The registration certificate also certifies the membership in the Chamber of Commerce in Croatia. Company registration in Croatia
can be carried on by a legal representative if he is appointed through power of attorney. After obtaining the registration certificate from the Commercial Court in Croatia, the company must also register with the Central Bureau of Statistics, Tax Administration, the Croatian Pension Insurance Institute and Croatian Institute for Health Insurance. When registering the business in Croatia
with the institutions in charge, please observe the following information:
- • the company needs to obtain the official seal and to apply for the statistic registration number;
- • a bank account needs to be opened for the minimum share capital;
- • firms must register with the Croatian Pension Insurance Fund;
- • registering for VAT and social contributions are mandatory conditions for companies in Croatia.
Types of companies in Croatia
Investors from abroad can set up companies and partnerships in Croatia
in accordance with the Companies Act and in respect with the requirements of the Trade Register in this country. The limited liability company
is the preferred business form in Croatia
which can be registered for a minimum share capital HRK 20,000 for a private entity, and HRK 200,000 for public LLCs. The limited partnerships are also forms of businesses which can be easily registered in Croatia
. In this case, at least one partner is liable for the company’s debts with his/her assets, while the other one will be responsible only for the capital invested in the firm. Foreigners can also set up branches, subsidiaries or can act as sole traders in Croatia
Can I benefit from a virtual office in Croatia?
Yes, entrepreneurs who do not need to set up a traditional office for their business in Croatia
may think of a better solution and that is to purchase virtual office packages. Such services include a prestigious business office in the country’s main cities, a virtual assistant who can take care of the company’s daily activities (emails, phones, meetings) and dedicated fax services on request. Among the advantages of a virtual office package in Croatia
is that foreign business persons can consider a low budget for such services compared to the one related to a traditional office. In most cases, virtual office services are dedicated to those who want to start a small business, have a particular budget and are interested in marketing activities at the beginning. Whether you would like to start a company in Croatia
with a traditional office or not, it is best to solicit the support of our company incorporation specialists in Croatia
and find out how they can assist.
Buying shares in a company in Croatia
Registering a company from scratch might not be in the attention of entrepreneurs at a certain point. Instead, they can consider buying shares in a Croatian company
and decide for an investment fund with other partners. It is good to know that in this situation the shares can be acquired directly from the chosen company if a financial plan and an investment project are provided. Also, each change in a company is normally reported to the Trade Register in Croatia
, the institution in charge of the company registration in this country.
Short facts about company registration in Croatia
The limited liability company is a common business structure for most of the entrepreneurs, whether domestic or from foreign countries. The registration process is not only simple, but it is also less time-consuming, allowing business persons to start rapidly their activities on the market. Choosing the name of the company, deciding on the type of activities, creating the Articles of Association and the board of managers, plus the company seat are the first steps for business registration in Croatia. The minimum share capital is then deposited in a local bank account. The registration for tax purposes is the next step as soon as the business has been registered in Croatia. We remind that the corporate income tax in Croatia is set at 20% rate. As for the standard VAT rate, this is set at 25% for main goods and services for sale purposes and 13% for catering and accommodation services in Croatia.
If you need more information about company formation in Croatia
, you may contact
our team of specialists in company incorporation in Croatia