For starters, the law in Croatia is civil law law. You will want to get some local advice as to how to best structure a company in Croatia. Electronic signatures are permitted.
The country code HR is for Croatia and the most common legal entity type in Croatia is a LLC(DOO).
The time to setup is usually 9 Days to setup a LLC(DOO) in HR. The types of currencies you can use to capitalize your business is frequently HKR legal tender.
Yes, one is allowed to re-domicile a LLC(DOO) from HR. You are usually allowed to change the jurisdiction of the company, pending certain procedures.
There must be at least 1 shareholder. This makes it possible for you to own a LLC(DOO) in HR by yourself. Corporate Shareholders are permitted, which means you can have a legal entity as a shareholder. Foreign ownership is permitted, up to % of the ownership of the LLC(DOO).
A legal entity is only required to have one director. Additionally, corporate directors are not permitted. Directors can have some expectation of privacy, as they are not disclosed publicly. There is a body of law which requires companies to hold an annual meetings of shareholders.
A registered office is a requirement, whom the company will pay yearly, for an agent which can receive any official legal correspondance on behalf of the registered legal entity. Furthermore, a corporate secretary is not a requirement.
There is a legal obligation to file accounts on a yearly basis. Consequently, there is oftentimes a requirement to have these accounts audited.
Thin capitalization rules are in effect. A company is thinly capitalised when there is a greater proportion of debt than equity. The minimum capitalization for a Croatia Civil Law is 20,000.
A corporate director is not permitted, meaning this country is not a good option if you are setting up a structure where you want to protect director liability.
The directors are not disclosed in the public registry of Croatia, Sudski registar. Shareholders are not disclosed in the Sudski registar.
Typically companies take 9 days to setup and there are 1 director(s) required and 1 shareholder(s) required at the time of incorporation.
Overall we think Croatia is a ok option and have given it a score of 61 as an IO score, using the Incorporations.IO proprietary formula.
9 Daysto form