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Set up Joint Stock Company in Croatia

Updated on Tuesday 30th July 2019

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Company Formation Services in Osijek.jpgA joint stock company is a separate legal entity from its owners and it can activate on the market for an indefinite period of time or as long as the owners want. The rules and regulations linked to the way in which a joint stock company can be established in Croatia can be entirely explained by our company formation agents in Croatia who are at your disposal with support and assistance throughout the entire registration process. The same team can provide assistance in starting any kind of business in Croatia.
 

What are the general rules for opening a JSC in Croatia?

 
The Memorandum of Association is the governing document comprising the rules of a joint stock company, alongside information about the activities of the firm. Public and private joint stock companies are accepted in Croatia. Below, you can find important details about the formation of joint stock companies in Croatia:
 
  1. At least one shareholder can form a joint stock company, without nationality restrictions in this matter.
  2. Documents declaring the assets of the firm need to be provided to the Trade Register.
  3. The board of managers and the supervisory board need to be appointed for a joint stock company in Croatia.
  4. The notarial deed of incorporation can be carried out by one of our specialists, with a power of attorney.
  5. Shareholders of joint stock companies in Croatia are not personally responsible for the debts in the firm.
  6. The OIB or the tax identification number needs to be obtained for your joint stock company in Croatia.
  7. JSCs in Croatia can be involved in mergers and acquisitions or other company restructurings.
 
According to the Company Law in Croatia, joint stock companies cannot be used as non-profit organizations, but for more details about this business structure, you can address your questions and concerns to our company formation specialists in Croatia. They can help you open a company in Croatia and provide support in matters of formalities and incorporation.
 

How much time does it take to open a joint stock company in Croatia?

 
It takes around 30 days for a joint stock company to be legally registered with the entitled authorities, however, such a company can be ready in less than 30 days if all the documents are correctly submitted and if you decide on the support of an experienced team in company formation in Croatia.
 

What is the minimum share capital for opening a JSC in Croatia?

 
HRK 200,000 or approximately EUR 26,600 represent the minimum share capital for opening a joint stock company in Croatia
 

The responsibilities of the executive body of a JSC in Croatia

 
The board of managers of a joint stock company is normally appointed by the supervisory board for a maximum 5 years, mentioning that any change in the company, especially to the board of directors needs to be announced to the Trade Register in Croatia. It is important to know that the executive directors of a joint stock company in Croatia are in charge of the daily activities of the company, supervising the operations of the business. In the case of shareholders of joint stock companies in Croatia, they will have to appoint the board of managers, increase or decrease the share capital, use or direct the profits in the firm, or dispose of the company liquidation, if it is the case. There are no complicated requirements for establishing a joint stock company in Croatia, nevertheless, we suggest you ask for complete assistance in this matter from our company incorporation agents in Croatia.
 

Accounting requirements for joint stock companies in Croatia

 
In terms of taxes and accounting, joint stock companies must respect the applicable laws in Croatia and submit the annual financial statements until the end of the 30th of April. Audits are imposed for medium-sized and large companies in Croatia if the amount of total assets exceed HRK 15 million or EUR 2 million and if the number of employees surpasses 25. If you would like to externalize the accounting services for your joint stock company in Croatia, you can talk to one of our accountants in Croatia or simply get in touch with our accounting firm.
 
In matters of investments and business in Croatia, you might find interesting the following information:
 
  • •    the total stock of FDI for 2018 in Croatia was USD 32.8 million;
  • •    the financial sector in Croatia received the highest amount of investments in 2018, approximately 30% of the total flow;
  • •    according to 2019 Doing Business report, Croatia ranks 58th out of 190 countries in terms of investments;
  • •    6.7 is the index of investor protection for Croatia compared to 6.4 established for Eastern Europe countries.
 
We invite you to contact our company formation specialists in Croatia and find out more about how to open a joint stock company in Croatia.

 

Meet us in Zagreb

Call us now at +385 95 9981 628 to set up an appointment with our consultants in Zagreb, Croatia. Alternatively you can incorporate your company without traveling to Croatia.

As a Law Firm Ivan Župan client, you will benefit from the joint expertize of local lawyers and international consultants. Together we will be able to offer you the specialized help you require for your business start-up in Croatia.

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The team from CompanyFormationCroatia.com is very qualified and benefits from extensive expertise in this area. I would definitely recommend them to any entrepreneur decided to start his own business here.

Mihai Cuc, Partner of
Enescu&Cuc; Law Firm
www.romanianlawoffice.com

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