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HOW TO OPEN A COMPANY IN CROATIA
STEPS FOR COMPANY FORMATION IN CROATIA
• Provide the denomination of the company.
• Prepare the documents needed for incorporation.
• Obtain the initial confirmation of the Croatian court with respect to the stated
documents and the name of the company.
• Notary procedures.
• The company director accepts the appointment and signs certain statements.
• The shareholder is required to obtain a Tax ID number.
• Open a bank account for future injection of the share capital.
• Register the company with the Trade Register.WWW.BRIDGEWEST.EU
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LEGAL FACTS
• The new Croatian Law on Foreigners (January 1st 2012) imposes new requirements on non-EU citizens.
• For EU citizens, the standard share capital amount is approx. 2,850 EUR.
• For non-EU citizens, the required base capital is around 13,500 EUR.
• A company of a non-EU client wishing to work in Croatia (as director) is required to employ at least 3 Croatian citizens.
• If two non-EU citizens wish to work as directors in the company, then 10 Croatian citizens must be employed.
COMPANY TYPES IN CROATIA
• Drustvo s Ogranicenom Odgovornoscu (D.O.O. - limited liability company)
• Dionicko Drustvo (D.D. - joint stock company)
• Croatian Branch, Subsidiary or Representative Office
• BridgeWest is also able to offer ready-made Croatian companies.
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CROATIAN LIMITED LIABILITY COMPANY - D.O.O
• Can have one shareholder and one director.
• It must maintain a local address (office).
• For E.U citizens, the minimum share capital required is HRK 18,700
(approx. EUR 2,850).
• For non-EU citizens, the required base capital is around 13,500 EUR.
• This amount needs to be paid in full, prior to incorporation.
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THE JOINT STOCK COMPANY – D.D
• This type of Croatian company must have at least one shareholder.
• One director is required.
• The company must hold a local address.
• The minimum share capital is around HRK 188,000 (approx. EUR 25,000).
THE CROATIAN BRANCH, SUBSIDIARY OR REPRESENTATIVE OFFICE
• Any foreign company is able to set up branch entities in Croatia.
• These can be set up as:
- separate entities from the parent company (Croatian companies having
the foreign company as shareholder);
- extensions of the parent-company in Croatia.
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NOTES
• Any person of any nationality or residence can be director or shareholder in a Croatian company;
• The shareholders can be both natural persons or legal entities;
• A company registered in Croatia must hold a local registered office (service provided by BridgeWest)
• The registration of a D.O.O (Limited Company) requires the injection of a share capital amounting to 2,850 EUR.
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• Drafting the Articles of Association
• Drafting all other documents required for the incorporation of the Croatian
company
• Arranging Public Notary procedures
• Obtaining a Tax ID number for the director/s
• Offering a Registered Office in Croatia for your company (if required)
• Setting up a bank account for your Croatian company
• Accounting and Payroll Services in Croatia
SERVICES PROVIDED BY BRIDGEWEST.EU
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CROATIA KEY FACTS
• The standard VAT rate in Croatia is 25%.
• Several goods and services are only subject to a 10% or even 0% VAT rate.
• The corporate income tax rate for legal entities that are registered in Croatia is 20%.
• The dividend tax does not apply to any type of company, be it resident or non-resident in Croatia.
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THANK YOU FOR YOUR ATTENTION!
Please feel free to contact us at
[email protected]+442032870408
www.companyformationcroatia.com/ www.bridgewest.eu
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