If you plan to operate in the European market, a suitable option for starting a company may be Croatia, a country promising from an investment perspective. This country is part of the European Union, which means it shares a common market with many other EU states. A special advantage is the opportunity to purchase real estate, as this right is granted only to residents and foreign entrepreneurs.
Doing business in Croatia has several advantages for entrepreneurs:
Company registration in Croatia is also attractive due to favorable business lending options available in local banks.
Entrepreneurs interested in business registration in Croatia typically prefer opening an LLC (limited liability company). Other options are also available, such as joint-stock companies and others.
Registering a company in Croatia requires meeting several conditions. One of them is having at least one director and one shareholder. Before officially starting the company, the entrepreneur must pay the share capital. Its amount depends on the legal form of the company — for an LLC it is 20,000 HRK.
Note that there are no requirements for a company secretary. The shareholder register is public.
All companies must pay corporate income tax at a rate of 20%. However, preferential rates apply to some types of activities. For detailed consultations on this and any other issues, contact our specialists.
Company registration in Croatia also requires entrepreneurs to pay value-added tax (VAT) at 25%. Some categories of goods and services are subject to a reduced rate of 5%.
The dividend tax is 12%. No preferential rates are provided.
If you are considering company registration in Croatia, keep in mind the reporting obligations. However, audits are not required by law.
In most cases, establishing a Croatian company involves several stages. For example, a typical registration process includes three steps:
Please note this is only an example of how company registration in Croatia may proceed. In practice, the process may involve many additional steps, making it difficult to get everything right on the first try without professional assistance. Moreover, the procedure can take many months, resulting in additional expenses and challenges for entrepreneurs.
If you need assistance at any stage of business registration in Croatia, our specialists will provide full legal support, handle document preparation, and register your company for you.
Montenegro is a country in southeastern Europe that attracts hundreds of thousands of tourists annually. It is noteworthy that the locals understand both English and Russian. It is the main candidate for joining the EU in the near future, and although Montenegro gained independence only in 2006, the prospect of successful business development here is extremely high.
learn moreOne of the best options for people wishing to open a company in Europe is to start a business in Hungary. Has about 70 agreements on the avoidance of double taxation. The popularity of starting a business in Hungary is due to the low corporate tax, the central location in Europe, and the developed economic infrastructure.
learn moreRegistering a company UK is an option for stable business development rather than a way to take your business offshore. There is a clear system of taxation, which implies paying taxes on profits. Moreover, competent planning of the future company structure and the right choice of organizational-legal form will help to considerably reduce the financial burden.
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