Incorporation FAQ
INCORPORATION
FAQ
- Who can form a company in Croatia?
- Can a foreign corporation form a subsidiary
company in Croatia?
- What is the most common form of incorporation
in Croatia?
- Can a single person form a LLC in Croatia?
- What is a minimal starting capital for a
LLC in Croatia?
- What other costs besides the starting capital have to be paid for incorporation?
- Which documentation has to be presented
for incorporation?
- What are the minimal management staff requirements
for an LLC in Croatia?
- Can a foreign citizen be the owner and manager
at the same time?
- How long does it take to complete the incorporation
procedure?
- Are there any limitations regarding the
name of the LLC?
- Does the agency provide support with incorporation?
INCORPORATION FAQ
1. Who can form a company in Croatia?
Every individual as well as the legal entity can form a corporation
in Croatia including the foreign nationals and foreign corporations,
providing they have a clear or no history with Croatian legal
and tax authorities.
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2. Can a foreign corporation form a subsidiary
company in Croatia?
Yes, a foreign corporation can form a subsidiary company in
Croatia. That company can carry the same name as the mother
company, but it is a separate legal entity operating under
the Croatian legislation.
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3. What is the most common form of incorporation
in Croatia?
Most common form of incorporation in Croatia is a Limited
Liability Corporation - LLC (in Croatian - d.o.o.)
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4. Can a single person form a LLC in Croatia?
Yes, a Croatian LLC can have a sole owner, either an individual
or a corporation.
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5. What is a minimal starting capital for
a LLC in Croatia?
Minimal starting capital in Croatia is 20.000 HRK (app. 2.700
EUR). This value can be represented in form of cash deposit,
material goods or commercial rights.
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6. What other costs besides the starting capital have to be paid for incorporation?
Additional costs include: a solicitor's fee, registration tax with the relevant County Commercial Court, ads in the Croatian Official Gazette and National Daily Newspaper (compulsory) and notarization fee.
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7. Which documentation has to be presented for incorporation?
- a valid ID card or passport for foreign citizens
- proof of the starting capital payment
Note: Upon completion and notarization of the Incorporation agreement any Croatian bank can open a corporate account and accept starting capital payment.
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8. What are the minimal management staff requirements
for a LLC in Croatia?
A Croatian LLC is represented by the management. A management
consists of at least one person acting as Director/President.
The manager can be either Croatian or foreign citizen.
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9. Can a foreign citizen be the owner
and the manager at the same time?
Yes, the foreign citizen can be a sole owner and a member
of the management at the same time. The management can issue
a Power of attorney and appoint another person to represent
the company as well .
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10. How long does it take to complete
incorporation procedure?
It usually lasts from 7 to 15 days - average 10 working days.
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11. Are there any limitations regarding the name of the LLC?
The new company name must be distinctive and unique. It must not, in any way, infringe or confuse with names already in use by other Croatian companies. The foreign company incorporating in Croatia, is entitled to use a corporate name as a part of the new company name, providing that it is easily distinctive from the original corporate name. To avoid possible delays in the incorporation procedure it is highly recommended to search the Croatian Register of Companies and check that your desired name is not already taken.
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12. Does the agency provide a support with incorporation?
Yes, we can arrange a proffessional assistance to our clients. International clients will get the documentation delivered by courier service and they need to be present locally only for notarization.
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Links to relevant sites:
Croatian
Ministry of Legal Affairs
Croatian
Government
