Setting up a company

Foreign investors can acquire ownership and shares of joint stock companies. The lowest amount of initial capital for establishing a joint stock company is HRK 200,000 and the nominal value per share cannot be less than HRK 10 HRK. Minimum initial capital for establishing a limited liability company is HRK 20,000, while individual representation per investor cannot be less than HRK 200.

Company that has no more than three members and one Board member may be established through a simplified procedure as a simple limited liability company. Minimum initial amount for the establishment of such company is HRK 10, while individual representation per investor cannot be less than HRK 1. For the establishment of such company notarized forms annexed to the Companies Act (OG 152/11, 111/12) must be used.

In order to accelerate and simplify the procedure of establishing a company, the government of the Republic of Croatia has established service HITRO.HR which, with more than 60 offices, fully covers Croatian territory. HITRO.HR accelerates the procedure, making the state administration more efficient, flexible and transparent, enabling the investor to establish a company within 8 working days. With the entry into force of the Ordinance on the manner of registration in the court register via service e-Company, starting a limited liability company with a share capital in cash and a simple limited liability company is possible from any notary’s or HITRO.hr office in the Republic of Croatia at any of commercial courts within 24 hours.

Limited Liability Company and Simple Limited Liability Company Establishment Organization Scheme through HITRO.hr:

STEP ONE
FINA
STEP TWO
PUBLIC NOTARY
STEP THREE
FINA
STEP FOUR
FINA
Name of the company Notarization of documents Submission of thedocuments /
Payment /
Registry at the NIS
Opening the account /
e-Pension /
e-Health /
Registering with the relevant Tax Authority
First you must choose a name for your company. HITRO.hr service can help you check the court register to find out whether a company by the chosen or similar name already exists. When checking the name for your company, use the court registry website sudreg.pravosudje.hr. ” Company name” is the name under which the company operates, and under which it participates in transactions. Application to the court register and some attached documents (Form Po) have to be notarized by the Public notary. All founders and other persons whose signatures are to be verified must be present. After the notarization, notary may forward these documents to HITRO.hr’s office electronically. The application for the registration into the court register, with all other necessary and if necessary notarized documentation, should be submitted to the HITRO.hr counter in FINA. Payment of court fees and the initial deposit can be made at FINA’s branches. After payment, HITRO.hr will finalize the application and forward it to the competent Commercial Court through electronic means (e-Company). If the sent documentation is correct and complete, the Commercial Court shall register the company in the court register within 24 hours, and electronically deliver the Decision on the establishment and Confirmation of OIB (Personal identification number) of the newly formed company to the Office HITRO.HR. At the HITRO.HR counter you will receive an RSP Form which you will have to fill out in order to obtain a Notification of Classification pursuant to the National Classification of Activities of the Central Bureau of Statistics. HITRO.hr will, after receiving the Court’s decision on the establishment automatically and electronically obtain a Notice of classification of the business entity within 1 day period. The Decision on the establishment and the Notification of Classification pursuant to the National Classification of Activities containing the assigned business identification number are collected at the HITRO.hr counter. After you collect the afore-mentioned documents, you must make an official stamp and open a business account so that the initial capital can be transferred into your company’s account. The necessary first registrations of the company, its owner and employees with the Croatian Pension Insurance Institute and the Croatian Health Insurance Institute can be arranged and executed electronically at the HITRO.hr counter through e-Pension and e-Health services. After the company has been entered into the Court Register and the Register of the Central Bureau of Statistics, the applicant must register her company with the relevant Tax Authority, whose jurisdiction is determined on the basis of the company’s registered address, for the purpose of entering the company into the Register of Profit Tax and VAT Payers.
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