{"id":5618,"date":"2018-02-20T09:00:47","date_gmt":"2018-02-20T08:00:47","guid":{"rendered":"https:\/\/www.legalmondo.com\/?p=5618"},"modified":"2020-01-05T21:08:40","modified_gmt":"2020-01-05T20:08:40","slug":"croatia-setting-limited-liability-company","status":"publish","type":"post","link":"https:\/\/www.legalmondo.com\/fr\/2018\/02\/croatia-setting-limited-liability-company\/","title":{"rendered":"Croatia \u2013 Setting up a Limited Liability Company"},"content":{"rendered":"

Located between Central and Southeast Europe, Croatia is often considered a \u201csmall country for great vacation\u00a0\u00bb, with its amazing Adriatic see beaches overlooking Mediterranean Sea. Ok, this is definitively true, but Croatia is also an interesting market for starting and developing a lucrative business<\/strong>. Its favorable location (Slovenia, Hungary, Austria and Italy are just short drive away from Zagreb, and Munich is only 5 hours by car away) and its legal framework, fully harmonized with the Community acquis after the entry into the European Union (July, 1st<\/sup>, 2013) make Croatia an attractive \u201cbeach\u201d not only for tourists, but for foreign investors too<\/strong>!<\/p>\n

In this post we will try to explain in a nutshell how to establish a Limited Liability Company<\/strong> (in Croatian: dru\u0161tvo sa ograni\u010denom odgovorno\u0161\u0107u), the easiest and most common way to do business in Croatia.<\/p>\n

The most common form of company in Croatia<\/h2>\n

Croatian company law allows foreign investors to establish businesses in Croatia under the same conditions as Croatian citizens, and generally the Limited Liability is the company form most chosen<\/strong> due to its simplicity and flexibility<\/strong>, which make it attractive for almost all types of businesses.<\/p>\n

Limited Liability Company needs to be established with an initial capital of at least<\/strong> 20.000,00 kn (approx. 2.700,00 EUR<\/strong>). The members of the company establish their relationship through a partnership agreement<\/strong>, or, if there is only one founder, through a foundation statement<\/strong>. This is the first step to set up the company.<\/p>\n

Company name<\/h2>\n

The company \u2013 according to Croatian law \u2013 operates and participates in legal transactions only with its company name<\/strong>, which must be in Croatian language and in Latin alphabet. Some foreign words can be used only if: (i) they constitute the name of the member of the company; (ii) its trademark is protected in Croatia; (iii) those words are common in Croatian language (for example: \u201ctrade\u201d, \u201cconsulting\u201d, \u201cinvestment\u201d\u2026); (iv) there is no corresponding word in Croatian language; (v) or it is about Latin language. This means that English words can be inserted in the company name only if they are common in Croatian language. Other limitations<\/strong> regarding the name are<\/strong> exclusiveness<\/strong> (in one Court Register there can be only one company with the same name) and<\/strong> clarity<\/strong> (<\/em>the name shall not create confusion about: the corporate purpose, the corporate identity or the relations with other companies). Lastly, it is not allowed to use denomination of countries, international organizations and personal names<\/strong>.<\/p>\n

The necessary documentation<\/h2>\n

Hereinafter the list of documents required<\/strong> to set-up a Limited Liability Company:<\/p>\n

    \n
  • articles of association<\/strong>, which can be signed through a power of attorney;<\/li>\n
  • photocopy of the shareholders passport<\/strong>;<\/li>\n
  • specimen signatures<\/strong> of legal representatives;<\/li>\n
  • some additional documents required by <\/strong>the registration office (e.g.: acceptance of office).<\/li>\n<\/ul>\n

    Please note that businesses in Croatia are officially classified on the base of the corporate purpose, which needs to be explicit in the article of association.<\/p>\n

    Registration<\/h2>\n

    The last step before the company can begin its commercial activity is the inclusion in the Register of Companies<\/strong>, kept by the competent Commercial Court.<\/p>\n

    It is finally good to specify that all the activity<\/strong> necessary for the establishment of a company in Croatia must be carried out with<\/strong> the help of a public notary<\/strong> and, after the registration, all limited liability companies in Croatia must submit annual financial statements<\/strong> regarding their commercial activity and all their transactions.<\/p>\n","protected":false},"excerpt":{"rendered":"

    Located between Central and Southeast Europe, Croatia is often considered a \u201csmall country for great vacation\u00a0\u00bb, with its amazing Adriatic see beaches overlooking Mediterranean Sea. Ok, this is definitively true, but Croatia is also an interesting market for starting and developing a lucrative business. Its favorable location (Slovenia, Hungary, Austria and Italy are just short […]<\/p>\n","protected":false},"author":150,"featured_media":5867,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[204],"tags":[3628],"class_list":["post-5618","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate","tag-croatia"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.legalmondo.com\/fr\/wp-json\/wp\/v2\/posts\/5618","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.legalmondo.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.legalmondo.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.legalmondo.com\/fr\/wp-json\/wp\/v2\/users\/150"}],"replies":[{"embeddable":true,"href":"https:\/\/www.legalmondo.com\/fr\/wp-json\/wp\/v2\/comments?post=5618"}],"version-history":[{"count":2,"href":"https:\/\/www.legalmondo.com\/fr\/wp-json\/wp\/v2\/posts\/5618\/revisions"}],"predecessor-version":[{"id":5624,"href":"https:\/\/www.legalmondo.com\/fr\/wp-json\/wp\/v2\/posts\/5618\/revisions\/5624"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.legalmondo.com\/fr\/wp-json\/wp\/v2\/media\/5867"}],"wp:attachment":[{"href":"https:\/\/www.legalmondo.com\/fr\/wp-json\/wp\/v2\/media?parent=5618"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.legalmondo.com\/fr\/wp-json\/wp\/v2\/categories?post=5618"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.legalmondo.com\/fr\/wp-json\/wp\/v2\/tags?post=5618"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}