Setting up and running a job in a different country can take a long time and cost a lot of money. But you can work less hard in Croatia. The environment is good for people from other countries who want to start or open a branch. With the proper paperwork and share capital, you can make a public limited liability company (LLC) or a private limited liability company (LLC). Investors and a public notary must go through the process of forming a company, opening a bank account, and hiring a Croatian accountant. Make sure to think of a name for the company and check with the Financial Agency of Croatia to make sure it is unique and can be used.
The steps to register a business in Croatia
To register a business, you need a set of papers, such as:
- Copies of the passports of the owners of the company in question.
- Signature samples (legal backing is allowed in this case).
- The power of attorney was used to sign the articles of association.
- Documents from the office of registration, along with any fees.
To successfully start a company in Croatia, you also need a bank account, a registered office, and a local accountant. Remember that you need the help of a public solicitor to get through all of these steps. This is a requirement for forming a company in Croatia.
Two or more people can start a Croatian general partnership business. If it goes bankrupt, the partners will have to pay off the debts with their own money. On the other hand, they can also get the money left over after the company pays taxes. For this kind of corporation, you don’t need a share capital, but the name of the partnership must include the letters “J.T.D”.
Limited partnership
In Croatia, a limited partnership is a business that lets two or more founders run the job under different rules. There is a general partner, whose personal assets can be taken if the business goes bankrupt, and a limited partner, whose liability is limited to the amount of money they put into the business should come after the name of the partnership. This type of business doesn’t have a minimum amount of share capital, and only the general partners can represent it to the market.
Creating a name
First, the name must be unique, so the Financial Agency of Croatia checks to see if it is. If the name is good, the founder members should have the association letter or organizational agreements, the court registration application, and the statement of acceptance from the director notarized. All of these documents must be sent along with a legal translation into Croatian. Next, open a bank account and put the share capital in it. The company is now a member of the Croatian Chamber of Commerce because it has turned in all of the required paperwork. VAT and income tax administration also require tax registration. To get a unique tax ID number, this form needs to be sent to one of the many administrative offices in Croatia.
Sign up for pension insurance
The last step is to sign up with the Croatian Institute for Health Insurance and the Croatian Institute for Pension Insurance before 15 days have passed since the date of incorporation. To start a company in Croatia, you need the following:
- A registration certificate to prove that a business has been set up.
- A tax ID to show that the business has to pay taxes.
- A form at the local office where you signed up.
- Forms to fill out if you want to hire a worker
After you register your business and hire an accountant, you can start running it.
