Opening a company in Croatia

Company in Croatia: what you need to know

Opening a company in Croatia / Croatia is of interest to many entrepreneurs, for this reason it is good to know some fundamental concepts. Croatia, in fact, which is a member state of the European Union - showing a stable democracy, a stable social market economy and financial solidity, has become one of the new areas of strong interest for business internationalization in the Balkan area and as always adequate planning together with professionals allows you to ride advantages and disadvantages.

The process of internationalizing or relocating in Croatia must be studied with the consultants of origin of the subjects and those of destination in a specific way.
Nothing impossible, to follow I indicate a series of useful information to open a company in Croatia.

Why and how to open a company in Croatia?
Croatia is an Eastern European country with a long coastal strip along the Adriatic, with about 4 million in 55,000 square km of surface. Furthermore, the presence of specialized personnel with a good level of education, reduced crime and, last but not least, a strategic geographical position must not be forgotten.

Here is a list of other benefits:
• Modern tax system.
• Customs incentives.
• New jobs.
• Tax incentives for micro-entrepreneurs.
• Agreement with Italy against double taxation.
• Taxation of /d.o.o has two options 12% -18%.
• Works in VIES.
• VAT is applied above the 40k euro (300k kuna approximately) of turnover of the previous year.
• VAT 25% reduced for food sectors etc.
• Lower labor force costs.
• Lower energy costs.
• Favorable depreciation tax system.
• Very low country risk.
• The languages spoken Croatian, Italian and English.
• In the Istrian region official Italian / Croatian bilingualism.
• Free zones / Free zones, duty free and advantages.

Why invest in Croatia by setting up a company

Before considering companies in Croatia, let's analyze the advantages of investing in Croatia:
• taxation in two rates at 12% and 18% for (D.o.o.) up to and above 400k in turnover
• agreements against double taxation
• presence of the withholding tax which represents the profit tax made by non-residents
• proximity to Italy Advantages-Disadvantages
• incentives for micro enterprises
• lower labor force cost
• lower energy costs
• widespread Italian language, official in the Istrian area
• possibility of Joint Venture
• possibility of partnership
• production for foreign or local markets
• import-export distribution
• free-zone
• ports of docking and customs clearance agreements with certain countries

This country lends itself to various entrepreneurial initiatives, for highly developed infrastructures at various levels, both road - railway - port and airport.
Investments ranging from 360 degrees, from import-export trade / e-commerce, to tourism and accommodation, to production, "yacht" rental companies.
Followed by professionals, if Croatia becomes the country ad hoc for its planning, you can face the international phase in serenity without surprises, always considering all the aspects necessary to make a company work, a consulting, optimizing all processes.

Open a company in Croatia from scratch

The company in Croatian D.o.o. (limited liability company) can be made up of a single shareholder or several shareholders, they can be natural or legal persons (other companies). The company D.o.o. in respect of the law, it is a capital company registered by a notary and in the Chamber of Commerce. As in other jurisdictions, it responds with its own assets and capital, the required capital is 20,000 kuna, approximately 2,700 euros, which is fully paid up and remains available to the company for its use. The members are not responsible for his obligations.

The documents necessary to open a company d.o.o. in Croatia they are:

• For natural persons - identity card.

• For legal persons - Chamber of Commerce certificate if foreign translated and legalized.

• In addition, they need the following data:

The following data are required:

• The company name.

• The company headquarters which can also be domiciled with the accountant.

• The names of the members and the relative shares (%).

• Administrator (s) and limits.

• The primary activity of the company and the secondary activities to be recorded in the articles of association of the Croatian company.

I can follow you in these planning and implementation actions so that, the entrepreneur can face the experience of Internationalization in complete serenity, assisted in every need from A to Z, we can support you for:

• Consultancy in planning the best corporate asset.

• Croatian tax code registration "OIB" for members and managers.

• Preparation of the documents and documents necessary to open the Croatian Company.

• Assistance in setting up a notary and direct translation service.

• Bank account opening for the payment of the share capital - assistance.

• Registration of the local VAT office and obtaining VIES (VAT exemption in intra-community relations).

• In the second step, activation of the bank account at the bank after the company's registration in the chamber of commerce.

We want to summarize some answers to canonical questions that are asked in this last part of this guide.

How much does it cost to open a company in Croatia?

The costs required to open a company in Croatia are as follows:

• d.o.o. - two or more members: total cost € 1,900,00.

• Translator and notary fee included.

• The share capital which, as mentioned above, is € 2,750 which remains available to shareholders after the establishment.

How long does it take to open a company in Croatia?

To set up a company in Croatia it usually takes about 15 days lv .. As for the VAT and Vies are contextual.

What are the operating costs of a Croatian company / d.o.o.?

A Croatian company has the following costs:

• 1,800 € * year for 100 registrations / month in annual accounts.

• € 400 * for budgets.

• approximately € 600 per year for the registered office.

* values expressed above for companies with a maximum of 1 employee