Croatia belongs to the attractive European jurisdictions whose potential is underestimated. The country has a steadily developing economy with significantly developed industrial sectors such as engineering, pharmaceuticals and tourism. Therefore, it can be successful to open a company in Croatia (Zagreb or another city) due to the access to many advantages.
Advantages of registering a business in Croatia
If you are aiming to register a company in Croatia, this option can be potentially beneficial due to the following jurisdictional advantages:
Stable developing economy;
The favorable location in the European region with free access to European markets;
Availability of free economic zones;
Openness to foreign investors;
Quick procedure for company registration in Croatia;
Ability to obtain a residence permit without problems.
Basic forms for business and legal presence
It is possible to open a business in Croatia or otherwise establish a business presence in one of several forms:
The limited liability company is a business that can be founded even by one participant, whose liability does not exceed the amount of the investment. The minimum founding capital is 10,000 Euro. The company has simple accounting and reporting requirements. Suitable for small and medium businesses.
The joint stock company is suitable for large enterprises that plan to attract investments in large volumes. A shareholder can create a company whose liability under all conditions does not exceed the amount of the investment. The minimum amount of share capital is 60,000 Euro. AD has stricter requirements for accounting and reporting.
Branch is a form of doing business by a foreign company that can carry out the same activities in Croatia as in its country of registration.
Representative Office is an option where a foreign company is not allowed to do business in Croatia. However, he may explore the local markets to invest large sums in that country in the future.
Procedure for company registration in Croatia
You can register a company in Croatia by going through the following approximate steps:
Choice of activities and trade name for the future Croatian company. Preparation of a business plan.
Renting an office for the future company in Croatia (where the company address will be kept).
Collection of information about the founders, beneficiaries and management of the future Croatian company.
Preparation and execution of founding and founding documents. Documents not in Croatian must be translated into Croatian and managed adequately.
Opening a bank account for depositing the share capital (1/4 minimum).
Pay the registration fee and send the documents to the registrar for review.
Registration for payment of taxes and compulsory insurance.
Registering additional licenses and permits.
Legislation and Regulatory Environment
Croatian law is generally open to foreign nationals. Foreigners can register companies, buy real estate and have accessible accounts as local citizens. Smart Startup UK lawyers are ready to provide individual consultations after receiving information and a request from you.
The tax system of Croatia
The possibility of registering a company in Croatia should be considered together with the following parameters of the local tax system:
Corporate tax - 18% - for companies whose revenues exceed 3.8 million euros, 10% - for companies whose revenues do not exceed 3.8 million euros
Total income tax - 0-18%
VAT - 25%
(1) corporate tax: (a) dividends - 10% (b) interest - 15% (c) royalties - 15% (2) individual tax: (a) dividends - 10% (b) interest - 10 % (c) copyright and royalties - 20%
Capital gains tax - (1) corporate - see corporate tax (2) individual - 0-18%
CREATE A COMPANY
Check and reserve a company name
Company registration, including state fees
Legal address for 1 year
Nominal service for 1 year
Account Discovery
Set of statutory documents of the company in electronic form
Contribution to the authorized capital of the company
VAT registration
Obtaining a Foreign Investment Permit
Opening an account at: Raiffeisenbank Hrvatska, Privredna banka Zagreb
Obtain an identification number (OIB) and register with the tax authorities
Company registration at the Croatian Statistical Institute (DZS)
Company registration at the Croatian Chamber of Commerce (HGK)
Obtaining a residence permit
Free consultation
Help with online trading and opening an account at viva.com for online trading
Accounting services - 12 months
Annual renewal (payable from the second year)
*Within 30 days
IMPORTANT! We can provide you with the initial share capital (if the amount is over EUR 5,000) for the registration of your company in the form of a loan from our company.
Please, if you are interested, make an inquiry to us.
What is the procedure!
1. You submit a request for company registration using the request form.
2. We check if the registration company name is free and eligible for registration.
3. Choose a bank that suits your company's needs from a list of Smart Startup UK partner banks provided.
4. We send you a proforma payment invoice to pay to our bank account + the initial capital amount of your company.
5. You receive all necessary company documents for verification.
6. You receive details of your newly opened bank account.
7. In the specified period (for Croatia it is 30 days), you receive all the services included in the package.
8. You can manage through our platform all the services included in the package, as our team works 24/7 and you can get help from us within up to 30 minutes. We have built an internal ticketing system for our customers through which we process your every support request.
All services like management, accounting, request to open bank accounts, licensing, filing tax returns, paying taxes and more are done through your account on our platform, it makes it easy managing your business!
