Company Formation Croatia
Cost of registration
Number of Directors
Corporate tax rates
Payment of Charter Capital
FEW WORDS ABOUT CroatiaN COMPANY
TYPES OF COMPANIES
Limited liability company – DOO company formation in Croatia.
In order to act as a director, a person shall contribute from 51% or more of the authorized capital. And the amount of the authorized capital should be more than 100,000 kuna.
In addition to three Croatian employees in non-administrative positions, the company shall employ 10 Croats, if two of the directors are not citizens of one of the EU countries.
The directors who are non-resident of the EU countries receive salaries in the territory of Croatia.
The contributions of the founders of the company should not be equivalent. Any of their ratio is possible. At the same time, the amount of contributions shall be equal to the total amount of the authorized capital.
Foreign natural person who is the founder of the LLC in Croatia has the opportunity to obtain residence permit. As the director of the company, he is entitled to freely invite any person to Croatia in order to stay in the country for up to 90 days.
The company’s participants can be one or more legal entities / natural persons of any citizenship, nationality, tax residence status.
The name of the company should be in Croatian or Latin (it is better to provide several variants), and there should necessarily be the indication of limited form of liability, namely the abbreviation d.o.o.
The standard charter capital of the LLC is 20,000 kuna.
The company shall have legal address in the territory of Croatia.
The basic constituent document is the Memorandum of Association, which is required to be notarized. If there is only one participant in the company, then instead of the Memorandum of Association, the Statement of the founder is provided, and it should be notarized.
The managing bodies are the General Meeting of Participants and the Director. The Charter can provide for the existence of the Board.
The obligatory body of the LLC in Croatia is the General Meeting.
The directors (one or more) in the Managing Board of the company can have any citizenship, nationality and tax residence status. The number of Directors is determined by the Memorandum of Association.
The supervisory board is necessarily formed, if the company has more than 300 employees during the year. This requirement is also relevant for companies conducting activities subject to licensing.
If the authorized capital exceeds 600,000 kuna and the company consists of more than 50 participants, the supervisory board should include at least three members. Members of the supervisory board can be foreign persons, and they are appointed at the General Meeting of Participants.
The company in Croatia shall maintain the register of participants.
The LLC shall be also registered in the commercial court of the Republic of Croatia. Before registration it is necessary to pay registration fees, contribute authorized capital, make payment for the service of publication of the information concerning establishing the company in the official printed publications. The register of the commercial court is public, so any person concerned has the access to it.
As soon as the company obtains the extract regarding registration, it is necessary to register with state statistical agency, state tax and customs authorities, (if the company conducts foreign economic activities), and pension and health insurance funds.
The procedure for company registration in Croatia lasts from 2 to 4 weeks.
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HOW TO REGISTER A COMPANY IN Croatia
Step 1. Check your company name in the Company Registry
Step 2. Enter your company details
Step 3. We prepares and files the necessary incorporation documents to the relevant authorities for approval
Step 4. Then we works with the client to open a corporate bank account in Croatia
Step 5. We deliver the certificate of incorporation personally to the client or via courier service
Step 6. Checkout – that’s it
SHARES AND SHARE CAPITAL
Opportunity to purchase ready-made companies
Local registered office
Local registered agent
The minimum amount of paid-in capital, nat. currency
Terms of payment of the issued capital
Possibility to issue shares without par value
DIRECTOR AND SECRETARY
SHAREHOLDER AND BENEFICIARY
Minimum number of directors
The requirement for residency directors
Director of legal entities are allowed
The data reveals to the local agent
Data field to the public registry
The requirement for the presence of the Secretary
Requirement to the residense of the Secretary
Requirements to qualification of the Secretary
Legal entity as the Secretary
Minimum number of shareholders
Data is entered in the public register
Shareholders residency requirement
Information about the beneficiary is disclosed
Information may be disclosed to the local agent
Shareholders-legal entities are acceptable
Basic corporate tax rate
Capital gains tax
Corporate tax rates details
12% rate applies to taxpayers with annual income under HRK 3 million
The requirement for filing reports
Open access to reports
The requirement for filing Annual Return
Open access to the Annual Return
The requirement for reports
Treaty on avoidance of double taxation (States which signed)
Membership in the OECD
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