Croatia is a small European country that is located at the crossroads of Central and Southeast Europe. The country borders countries like Slovenia, Hungary, Serbia, Bosnia and Herzegovina, and Montenegro. It is also close to Italy. Croatia has a population of just under 5 million and a GDP of more than $113 billion. Croatia joined the European Union in 2013.
Why Start a Company in Croatia?
- EU member – The European Union is the second-biggest economy in the world after the United States. It has a population of more than 500 million.This makes it an ideal market for any company.
- Friendly tax rates – Croatia has a corporate tax rate of 18%. This is lower than that of the European union average.
- Wealthy and urban country – Croatia is a generally wealthy country, which provides a good market for any company.
- Vibrant service sector – The service sector is growing rapidly.
- The process of starting a company in Croatia is relatively easy.
How to Register a Company in Croatia
The process of registering a company in Croatia is very easy. The government has simplified this process because it is ideal to enable it attract more investments.
The first step is to go to FINA to do a company name. You can search this name using this portal. After finding a name, you need to notarize your documents. This is done at the court register. At this stage, all founders must be present. The notary will then forward the documents to HITRO. Next, you should apply for registration into the court register with all the notarized documents. You should pay the required fees at any FINA branch. After this, HITRO will forward the application to the competent commercial court. You will receive a decision within 24 hours. You should then forward these documents to the Office of HITRO.
Finally, you should open a bank account, e-pension, e-health, and register with the relevant tax authority.
FAQs on Company Registration in Croatia
Which documents are required to register a company in Croatia?
The government requires a number of documents. These are name and ID of all shareholders, resident documents for foreigners, tax identification documents, articles of association, and pension and insurance documents.
What is the amount needed to register a company in Croatia?
You should pay the amounts in Croatian kuna or euros. The minimum share capital for a private limited company is HRK 20,000. Non-EU members are required to pay more. This comes at HKR 200,000. To start a public limited liability capital, you need a minimum share capital of HRK 200k.
What is the corporate tax rate in Croatia?
The corporate tax rate in Croatia is 18%. There is also a VAT of 25%
Must I be present to register a company in Croatia?
Yes. You are required to be present physically. However, you can also use a lawyer to handle the registration for you.
At GFSC, we have been in this business for more than a decade. Our lawyers are some of the most experienced in the world. We can help you register the business and access more services.
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