Eternity Law International — News — Business and life in Croatia

Business and life in Croatia

Published:
September 9, 2022

Croatia attracts international investment due to its established infrastructure, stable political environment, and favorable investment climate. Additionally, Croatia might be a great place to immigrate for commercial purposes.

However, there are many opportunities to buy a ready-made business or firm on the local market, so it is not essential to start from scratch. Thus we would like to present “Croatia business and life guide” for a better comprehension of how to become an entrepreneur in Croatia.

Permission to live in Croatia

Creating a business in Croatia enables the owner to remain there for a whole year. Nevertheless, only the owner of the business, who controls at least 51% of its capital, is eligible to apply for a residence permit.

Foreigners can open a trading company, a civil law business, or a capital company (limited liability company/joint stock company).

The “Law on Foreigners” (Zakon o strancima), passed in 2012, governs foreign nationals’ stays on Croatian territory.

Residence permission

A foreign firm owner may apply for a residence permit if the following criteria are satisfied:

  • Poslovna dozvola (business license) must be available.
  • The authorized capital of the company must be at least €13,210.
  • The balance of the company’s activities must be positive
  • At least three citizens of Croatia must work there (earning salaries above the national average).

Visa

A short-term Schengen visa of category C is necessary for business travel to Croatia. You must pay €70 for enrollment which is essential (3 days or fewer before the planned trip). For residents of other nations, the consular charge is €60. The visa agency charges €26 for its services if the visa is granted through them.

The term of the visa is up to 90 days. It has a 180-day expiration date.

The package of documentation required to apply for a business visa to Croatia:

  • a passport and a copy of the passport’s major pages;
  • foreign passport and a replica of its front page and any previous visas;
  • a letter from the business of the employer;
  • a business offer from Croatia, if one is accessible;
  • a copy of an extract from the register of Croatian companies containing information on the organization issuing the invitation and the signatories (issued after six months);
  • filled-out and signed survey;
  • a photo of the sample that was installed;
  • a certificate from the administrator detailing the position, the start date of employment, and the wage;
  • confirmation of house rental or hotel room reservation;
  • confirmation of financial capacity;
  • healthcare insurance;
  • approval for the use of personal data.

Start a business in Croatia

To establish a foreign corporation in Croatia, you will require certain paperwork (in the case of documents issued in another country the original paperwork and all copies must be translated into Croatian and notarized):

  • a duplicate of the founder’s passport;
  • paperwork that will identify the name, nominal director and legal location of the firm, stated areas of its activities;
  • documentation attesting to the capital contribution of permitted funds;
  • receipts for paying for notarial and state duty;
  • details on the founders (if they are legal entities, they provide their statutory documents and the decision to create a subsidiary company).

The procedure’s key steps:

  • deciding on the company’s name, the nature of its operations, and the founders’ list.
  • selection of a notary and accountant.
  • determining the future company’s legal address.
  • obtaining each founder’s OIB (Osobni identifikacijski broj – Personal identity number) from the neighbourhood tax office;
  • purchase of a Croatian phone number for use in communicating with HITRO (a service provided by the Republic’s government intended to facilitate contact between individuals and businesses and state administrative agencies);
  • visiting HITRO, paying taxes to the Financial Agency of Croatia (FINA), and submitting paperwork to register a business;
  • obtaining a company’s personal identity number (OIB);
  • acquiring Matični Broj (a statistical registration number for a corporation);
  • establishing a business account with a Croatian bank;
  • the making of seals.

The demands of foreigners

  • Employment of at least 10 non-EU citizens if there are two directors, and at least 3 Croatians if there is only one;
  • Foreign directors receive a salary in Croatia;
  • The founders’ contributions shouldn’t be equal, but any percentage is acceptable.
  • Deposits must match the authorized capital’s size in cash amount. A person who serves as a director must also contribute a minimum of 51% of the authorized capital;
  • The business must also have a local legal address;
  • A name of a company has to be in Croatian or use the Latin alphabet;
  • Governing bodies in the form of the director and the general assembly;
  • Companies with more than 300 employees or those engaged in activities requiring a license are required to establish an observation commission;
  • Foreign nationals serving as directors of foreign corporations are obligated to have work authorization in Croatia;
  • Maintaining a register of company participants.

Please contact us to get more information.

You can see our current offers in the categories “Cryptocoins and licensing of cryptocurrency operations”, “Ready-made companies”, “Banks for sale” and “Licenses for sale”.

You could be interested

Holding registration in Switzerland

Practice shows that such a solution as holding registration in Switzerland is quite popular among modern entrepreneurs, in a country with the most reliable financial institutions and the most accurate watches in the world. We are talking about Switzerland, located in the center of Europe. Its geographical location and loyalty to businessmen makes the registration...

Spain Golden Visa

The Spain Golden Visa  is a home visa gave to a non-EU public who means to make a huge interest in the Spanish economy. The visa offers the holder and their relatives residency in Spain and without visa admittance to the Schengen Zone. By and large, Spain Golden Visas are given to somebody who buys...

Ready-Made Business in Switzerland

Although certain Confederation areas are now quite tightly regulated, establishing company in Switzerland is quite easy. You can simply create a partnership without worrying too much about technical issues. A ready-made business in Switzerland – accessible variant with organization already put into operation – it has all permits and matches other parameters. Company in Switzerland:...

Financial Licensing in Canada

This jurisdiction has a very sound banking system. Besides, financial licensing in Canada has a lot of favorable conditions for local and foreign entrepreneurs. The country successfully survived the big crisis, and now the state is proud of the economy, which fully meets the following criteria: proper protection of property rights; Hi-tech; activating innovations; flexible...

Luxembourg Payment Licenses

Luxembourg, a small European country known for its financial prowess and stable economy, offers a conducive environment for businesses, including those in the fintech sector. One of the key elements that make Luxembourg an attractive destination is the availability of EMI (Electronic Money Institution) and PI (Payment Institution) licenses. In this article, we will delve...

EMI license in Portugal

Introduction Portugal, known for its picturesque landscapes and rich cultural heritage, has also emerged as a hotspot for businesses, especially in the fintech sector. One key aspect that has contributed to this trend is the availability of EMI (Electronic Money Institution) licenses in the country. In this article, we will delve into the requirements, services,...

Discover our services

The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.

Ready-made companies for sale

Companies with a bank account around the world

Banks for sale

Established Banks for sale

Ready-made licenses for sale

Forex, cryptocurrencies, gambling, EMI, PSP, SVF, MSO, DLT

Licensing

Forex licenses, cryptocurrencies, gambling, EMI, PSP, SVF, MSO, DLT

Offshore company registration

Expert advice on the acquisition of an offshore company

Open a bank account

Open bank accounts in more than 120 banks around the world
Fill the blank:

Zurich

Dreikonigstrasse, 31A, Stockerhof
+41 435 50 73 23

Kyiv

Baseina street, 7
+38 094 712 03 54

London

Grosvenor Gardens, 52
+44 203 868 34 37

Washington

1629 K St. Suite 300 N.W.
+1 (888) 647 05 40 Toll Free

Vilnius

Gediminas Avenue, 44A
+370 52 11 14 32

Tallinn

Kesklinna linnaosa, Tuukri 19
+372 880 41 85

Edinburgh

Lochrin Square, 1
+44 203 868 34 37

Nicosia

Jacovides Tower, 5 floor
+371 665 550 51

Riga

Esplanade, 7 floor
+371 665 550 51

Hong Kong

18 Harbour Road, 35/F, Central Plaza, Wanchai
800938622 Toll Free

Singapore

Level 42, Suntec Tower Three, 8 Temasek Boulevard
+6531594300

Sydney

20 Martin Place
+61 2 888 00 365

Porto

2609 Avenida da Boavista
+351 800 500 206 Toll Free

Tbilisi

Revaz Tabukashvili Str., N 45, area N 7
+995706070360