A DOO in Croatia defines a limited liability company, that is called a Drustvo s Ogranicenom Odgovornoscu. Limited liability companies in Croatia are the most common structures used for businesses, especially by small sized companies, due to their simple incorporation procedure in Croatia.
The minimum share capital that must be provided in order to set up a limited liability company in Croatia is 2,500 EUR or 20,000 HRK. The contribution can be made in cash, material goods or commercial rights. The initial capital must be deposited in the national currency of Croatia.
One or more shareholders can set up a limited liability company in Croatia. They can be either individuals or corporations and they can have any foreign citizenship or residence. Shareholders’ liability is limited when it comes to the company’s debts and obligations and it is extended up to their own contributions.
The minimum management structure of a limited liability company in Croatia is a director or president. He must be appointed by the shareholders and he can be Croatian or a foreign citizen. The manager can also represent the company in Croatia in front of third parties whenever it is the case.
All limited liability companies in Croatia must submit annual financial statements regarding their commercial activity and all their transactions. These statements must be audited and approved by authorized public accountants in Croatia.
As far as the name of the limited liability company in Croatia is regarded, it must be unique and not similar to any other name of a Croatian company. In order to check if the chosen name for the limited liability company in Croatia has already been used, one can search the database of the Croatian Register of Companies.