Company formation in Croatia
The growing interest of foreign businessmen in Croatia is associated with the dynamic development of tourism in this country. Over the past decade, Croatia has become a leader in European Mediterranean tourism. Besides, Croatia is in third place in the world in shipbuilding. So, we are very confident that opening a company in Croatia will be the right business decision for you.
Considering Croatia
The favorable investment climate in Croatia is currently due to the stable political situation in the country and the development of infrastructure to a level not lower than the European one. It is quite convenient to build a business in Croatia.
Croatia is a country with a high level of taxation. However, for some types of profits unique tax breaks are provided. The following types of income are exempt from taxation:
- interest payments on loans, investments, deposits in financial institutions, government loans and securities;
- pensions received abroad;
- capital gains from trading in securities and other financial assets;
- the owner’s profit from the ownership of immovable property, if it has been owned for more than three years, or sold to a spouse;
- inheritance and gifts (exempt from taxation in the first phase of inheritance, in other cases a flat rate of 5% is provided).
There is no property tax in Croatia, and yacht owners also have significant tax preferences. Such financial privileges, together with dynamic economic development, amazing and well-protected nature, as well as along with a rich cultural heritage, make the Republic of Croatia one of the most attractive destinations in Europe, suitable for living and recreation, and for investing money.
Register business
Choosing the right legal form is a responsible task and requires a lot of knowledge and experience about each of the type of legal entity. Our team of experts has a lot of experience in this field and help with legal services on daily bases.
Business formation steps
Entrepreneurs who are interested in starting a business in Croatia must meet several requirements to quickly and correctly get started on the Croatia market.
1st Market research
The very first step in the company formation process is market research and entry. Before entering the new market, the company needs to develop its marketing plan. Such a plan is mandatory in cases where business expansion is considered to reach a new level and promote new or existing products/services.
2nd Choosing the company name
The second step is to choose the legal name of a company in Croatia. There is no special requirement about the legal name. However, it should be unique.
3rd Document preparation
The third step includes a lot of paperwork and document preparation.
4th Bank account
Every company goes through a corporate bank account opening step. We recommend reliable banks in Croatia such as Unicredit, Raiffeisen, etc. For non-residents, personal, corporate accounts are available for investments, settlements, and financial savings.
5th Tax identification number
Obtaining from the tax service a tax identification number and a VAT number.
6th License acquisition
The last step is to acquire a business license (poslovna dozvola) for the company.
Our company offers comprehensive services for the formation of a company, we will help you prepare documents, obtain the necessary licenses, open a bank account so that your company successfully enters the Croatia market.
Market research and entry
The very first step before starting a company is doing the research of the market. Only when research is done, the next step is the market entry and company registration.
Market research
Market research is the systematic search, collection, analysis, and presentation of data and information related to a specific market situation faced by an enterprise. Based on well-conducted research, the company gets the opportunity to reduce business risks and possible losses.
Market entry
The very necessary question for any businesspersons who would like to enter the market is “why?” The businessman should figure out whether it wants to increase turnover, expand the geography of sales, or attract foreign currency. When you have set a clear task and wrote a business plan, then the entrepreneur should analyze the market, the market dynamics, the country’s trade balance, production volume, and import volume.
Consultation about company formation
Given the state’s interest in a transparent and continuously developing investment climate on its territory, according to local legislation, the registration of a business in Croatia is not burdened with complicated requirements. Our team of lawyers will help you register a company in Croatia, and will advise you on all matters of registering a company.
You can register a company by these legal forms:
Limited Liability company
The most common form of incorporation In Croatia is a Limited Liability Company. This type of company is suitable for all commercial purposes – from commodity trading to asset management.
Limited Liability Company
Joint Stock Company
JSC has a very similar structure as an LLC. Joint-stock companies’ stocks(shares) can be the subject of public trade. These shares of the stock can be bought and sold by other shareholders.
Holding Company
Holding Company is meant to hold the outstanding stock of other companies’. This type of companies purpose is to own shares of other companies to form a corporate group.
Branch Office
The branch office is used for companies to satisfy customer needs for face-to-face interaction. Depending on the needs of the business, the Branch office can consist of a single individual or It can be staffed.
The most common form of incorporation In Croatia is Drustvo s Ogranicenom Odgovornoscu (DOO). This type of company is suitable for all commercial purposes – from commodity trading to asset management.The minimum share capital for registering a DOO in Croatia is EUR 2,500 or HRK 20,000.
Accounting solution
All businesses need to do bookkeeping for their business and complete all conditions and laws of the country. We will take care of all the paperwork. We have an accountant with huge work experience.
We have many years of experience and the necessary knowledge to register a company in Croatia and provide a solution for your business. Our lawyers, accountants, and business consultants will help you with the process of registering a company and the further conduct of your business. Register the company with us!
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