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Considering Croatia is a nation with a continually growing economy, establishing a business there is a decision that many business owners make. There are a bunch of various reasons, such as the country’s convenient location, the existence of 13 free economic zones, the government’s welcoming attitude toward foreign investors, and the possibility of obtaining a residence permit there.
Those who want to create a Croatian corporation must also pay a state tax, register with the tax, insurance, and social services departments, and invest the firm’s permitted capital. The type of business you select will determine the allowed initial investment.
The whole course of forming a corporation in Croatia must be handled by a local agent. Additionally, a registered office is needed for a company to be incorporated in Croatia. Besides, having a banking account and a local bookkeeper is also a plus.
Founders should first verify that the name they have selected for their company is distinctive. The foundation agreement and the statute, a request for court registry, and a declaration from the director accepting the assignment should all be notarized by the founders if the name is available. Every document is obligated to have a translation that has been validated. After that create a banking account with a bare minimum of permissible capital in it.
The firm gets added to the registry of the jurisdiction’s Chamber of Commerce after completing all the required paperwork. The approval from the tax authorities to pay VAT and payroll tax is the next stage in the enrollment of a corporation in Croatia. There are some government departments spread out over the state where the application may be approved. A Croatian corporation that registers is given a special taxpayer identification number.
For the majority of businessmen, both local and international, an LLC is a widespread type of business. In Croatia, the procedure of forming a corporation may be completed swiftly, enabling businessmen to launch their operations on the market right away. The initial stages in starting a business in Croatia include selecting a firm name, determining the kinds of activity, writing a charter, and electing a board of directors. After that, the required issued capital stock is placed into an account of a local financial institution.
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