Set up a Foundation in Croatia

The National Foundation for Civil Society Development and the Office NGOs are part of the government in Croatia and are two important institutions which oversee the activities of foundations in the country and sustain them on an international plan. Non-profit organizations or foundations in Croatia can be set up with fewer formalities by any person regardless of the nationality. In matters of documents preparation, our specialists in company formation in Croatia can provide the necessary support.

 

 

Foundations are also known as charities and are considered legal entities which have a single purpose, and that is to accumulate funds and place them in varied social projects of major interest to the public. Foundations in Croatia are subject to transparency and furthermore, such entities are appreciated for the support offered in social matters and in the research fields linked to different domains like medicine, health, science, arts, sports and many more. We mention that foundations or charities can be set up by at least one person compared to an association, another type of non-profit organization in Croatia, which can be created by at least 3 shareholders or two corporations. This kind of association needs to be registered as a company in Croatia in order to perform the charity activities.

 

 

Just like any kind of business structure in Croatia, a non-profit organization is registered with specific documents which must comprise:

 

•    the name and the residence of the foundation;

•    the address of the non-profit association;

•    details about the owners;

•    the purpose of the charity;

•    information about how funds can be collected;

•    the date of incorporation.

 

The registration of a foundation in Croatia is made within 30 days from the date the documents have been submitted to the Croatian Register of Foundations. We remind that a non-governmental organization in Croatia is subject only to funds collection and cannot share the revenues within the owners. On the other hand, the Croatian authorities sustain all volunteering programmes and all kinds of charities, observing in a close manner how funds are distributed in the country or abroad.

 

If you are interested in more details about how a foundation can be created in Croatia, please feel free to contact our company formation consultants in Croatia.