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Company formation in Croatia
Comprehensive assistance in company formation, including banking services
How to form a company in Croatia
1
Document submission
You submit to us necessary documents of the future founders and directors for the purposes of company formation in Croatia and opening a bank account in Croatia
2
Payment of services
Payment of our services for company formation in Croatia and/or bank account assistance in Croatia
3
Company formation
We register a new company in Croatia for you. Upon completion of the registraion corporate documents are either delivered to you or submitted to a bank for the subsequent opening of a bank account
4
Bank account opening
In case you request an assistance with a bank account, we arrange an interview at the bank for you, inform you about the date of the visit and accompany you on your way to the bank. After the bank account is opened and active you receive corporate documents of the formed company as well as the access to the bank account
Key aspects to consider prior to forming a company in Croatia
Corporate income tax rate in Croatia is 10% if the annual income does not exceed EUR 1 million.
1. Founders of a company in Croatia can either be resident or non-resident in Croatia. Founders can be either individuals or legal entities.
2. A resident or a non-resident individual can be a director in Croatia. It is not required for companies in Croatia to have a resident individual as one of their shareholders or directors.
3. One individual can be simultaneously a shareholder and a director in a company in Croatia if such company is registered as a d.o.o. (a limited liability company).
4. There is no requirement for creating substance in Croatia - no need to hire local employees or rent an office in order to establish a company in Croatia or to conduct business in Croatia.
5. Minimum share capital that is required to register a company in Croatia as a d.o.o. (a limited liability company) is EUR 2,500. Minimum share capital that is required to register a company in Croatia as a j.d.o.o. (simple limited liability company) is just EUR 1.
6. Information about company founders, shareholders and directors after a company registration in Croatia is complete is publicly available in the state corporate register.
7. A company in Croatia can be registered remotely, on the basis of a power of attorney. It is necessary for the director of the new company to travel to Zagreb for 1 day in order to open a corporate bank account.
2. A resident or a non-resident individual can be a director in Croatia. It is not required for companies in Croatia to have a resident individual as one of their shareholders or directors.
3. One individual can be simultaneously a shareholder and a director in a company in Croatia if such company is registered as a d.o.o. (a limited liability company).
4. There is no requirement for creating substance in Croatia - no need to hire local employees or rent an office in order to establish a company in Croatia or to conduct business in Croatia.
5. Minimum share capital that is required to register a company in Croatia as a d.o.o. (a limited liability company) is EUR 2,500. Minimum share capital that is required to register a company in Croatia as a j.d.o.o. (simple limited liability company) is just EUR 1.
6. Information about company founders, shareholders and directors after a company registration in Croatia is complete is publicly available in the state corporate register.
7. A company in Croatia can be registered remotely, on the basis of a power of attorney. It is necessary for the director of the new company to travel to Zagreb for 1 day in order to open a corporate bank account.
Cost of services
Formation of a d.o.o.
Timeframe - 10 business days
Timeframe - 10 business days
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Advantages of forming a company in Croatia
Attractive business-environment
- Access to EU markets
- Access to the Adriatic Sea allows to establish maritime trade with EU states, Turkey, Middle Eastern and North African states
- Stable economic growth
- Highly-qualified workforce
- Low inflation
Stability and security
- Political stability
- Secure legal and justice systems
- Comprehensive protection of property rights
- Comprehensive personal security
- Investment protection
Tax benefits
- Low corporate income tax rate of 10% if total annual income does not exceed EUR 1 million
- Corporate income tax incentives in free trade zones
- Multiple double tax treaties
No foreign exchange controls
- Croatia joined the Euro area, which allows it to secure free capital transfer in any currency. Individuals and business-entities, either resident or non-resident in Croatia may open bank accounts in Croatian banks in any currency
Ease of establishing and doing business
- 100% foreign ownership of a company is available
- Remote company formation in Croatia is available
- Minimum share capital for a j.d.o.o. (simple limited liability company) is just EUR 1
More about Croatia
The Republic of Croatia is located at the crossroads of Central and Southeastern Europe. Croatia borders Bosnia and Herzegovina, Hungary, Montenegro, Serbia and Slovenia and has access to the Adriatic Sea. Croatia has a territory of 56,594 square kilometers. The capital city of Croatia is Zagreb, the largest city and the location of key government institutions.
Population of Croatia amounts to around 3,8 million people.
Population of Croatia amounts to around 3,8 million people.
Official currency of Croatia is Croatian kuna (HRK).
Croatia has a high-income service based market economy. Tourism is one of the largest contributors to the GDP (almost 20%). Croatia is developing floating liquefied natural gas regasification terminal of the island of Krk and its green energy - wind, solar and geothermal energy. Apart from this Croatia is developing its own automotive industry contributing to R&D in this area.
The GDP of Croatia grew by 10.2% in 2021 and amounted to USD 67.7 billion. Tertiary sector makes up almost 59% of the GDP of the country, followed by industry sector at 20.5%, agriculture at 3%.
In terms of foreign trade the largest exports of the country are petroleum oils, medical blood, electrical transformers, static converters and inductors, wood, cars, parts and accessories of motor vehicles, insulated wire, cables, maize
Imports of Croatia consist of energy, petroleum oils, natural gas, cars and vehicles, transmission apparatus, electric conductors, consumer goods, cars, unwrought aluminium.
Primary trading partners of Croatia are Germany, Italy, Slovenia, Bosnia and Herzegovina, Hungary, Austria, Serbia, USA, France, Romania, China, Poland, Netherlands and Belgium.
Croatia has a high-income service based market economy. Tourism is one of the largest contributors to the GDP (almost 20%). Croatia is developing floating liquefied natural gas regasification terminal of the island of Krk and its green energy - wind, solar and geothermal energy. Apart from this Croatia is developing its own automotive industry contributing to R&D in this area.
The GDP of Croatia grew by 10.2% in 2021 and amounted to USD 67.7 billion. Tertiary sector makes up almost 59% of the GDP of the country, followed by industry sector at 20.5%, agriculture at 3%.
In terms of foreign trade the largest exports of the country are petroleum oils, medical blood, electrical transformers, static converters and inductors, wood, cars, parts and accessories of motor vehicles, insulated wire, cables, maize
Imports of Croatia consist of energy, petroleum oils, natural gas, cars and vehicles, transmission apparatus, electric conductors, consumer goods, cars, unwrought aluminium.
Primary trading partners of Croatia are Germany, Italy, Slovenia, Bosnia and Herzegovina, Hungary, Austria, Serbia, USA, France, Romania, China, Poland, Netherlands and Belgium.
International business expands to Croatia and incorporates a company in Croatia primarily for:
Restricted for foreign entrepreneurs are the following sectors:
- automotive industry
- tourism
- ICT sector
- pharmaceutical industry
- food industry
- metal industry
- energy
- agriculture.
Restricted for foreign entrepreneurs are the following sectors:
- defense industry
- television
- telecommunications and radio
- air transport
- postal services.
- Corporate income tax - Standard tax rate 18%. A lower corporate income tax rate of 10% applies if annual revenue does not exceed EUR 1 million. Tax returns are filed on an annual basis. Advance income tax payments are made on a monthly basis
- Dividend withholding tax - 10%
- Interest withholding tax - 15%
- Royalties withholding tax - 15%
- Capital gains tax - 18% or 10%
- VAT - Standard tax rate 25% or reduced rates from 0% up to 13% or tax exempt. Tax returns are filed on a monthly or a quarterly basis
- Personal income tax - from 20% up to 30%.
Apart from such traditional business entity types as a limited liability company (Društvo sa ograničenom odgovornošću - d.o.o.) and a public limited company (Dioničko društvo - d.d.), corporate law in Croatia offers to establish a business as:
1. Simple limited liability company (Jednostavno društvo s ograničenom odgovornošću - j.d.o.o.)
2. General partnership (Javno trgovačko društvo - JTD)
3. Limited partnership (Komanditno društvo - KD)
4. Branch office (Podružnica)
To receive a detailed description of the company formation procedure in Croatia and information about documents necessary for company formation in Croatia please contact our experts.
1. Simple limited liability company (Jednostavno društvo s ograničenom odgovornošću - j.d.o.o.)
2. General partnership (Javno trgovačko društvo - JTD)
3. Limited partnership (Komanditno društvo - KD)
4. Branch office (Podružnica)
To receive a detailed description of the company formation procedure in Croatia and information about documents necessary for company formation in Croatia please contact our experts.
Send a request for company formation in Croatia
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Phone: +44 20 8157 4037
Email: request@pil-services.com
