You are a Foreign Investor and you are interested or you have already decided to open a Company in Croatia. We kindly welcome your project, and therefore we in Premium Core are here to help.
The first step for each client would be assigned Croatian PIN for each of the founders. We are comfortable with providing those services after clients send us the Power of Attorney and copy of the Passport or EU ID document with visible living address and a unique number of the document (if the Client is a person). If the Client is a Company, an official document of incorporation issued by a commercial court in the country of residence is needed with a translation into Croatian by an official court translator. All steps could be done through email and then we can deliver all documentation to the Tax Authority office for formal PIN Issuance. Assigning The PIN is just an evidential number at Tax Authority. The number is assigned to each legal entity or physical person in Croatia. It does not come with obligations or periodic expenses, yet it must be assigned before the company incorporation here.
There are multiple steps in setting up a company in Croatia for non-residents. Company name availability check for the name of d.o.o. (eng. Limited liability company).
Minimum founding equity capital for LTD/LLC (d.o.o.) is 20.000,00 HRK (approx 2.700,00 Eur) for EU citizens. If the Investor is a third-country citizen, the minimum equity capital of 200.000 HRK (approx. 27.000 Eur) and hiring 3 local employees, or 100.000 HRK (approx. 13.500 Eur) of equity and hiring of 5 local employees (Croatian citizens) is required by legislation. Equity is indeed not a cost, and therefore it is a fund that can be used for regular business expenses after incorporation is finished.
Company maintenance costs for service companies depend on the number of incoming and outgoing invoices, annual revenues, number of employees, service, retail or manufacturing sector, and other costs. We can confirm that we are fully capable and comfortable with providing accounting services. There are also costs of rent, utilities, which are very competitive if you compare it with other middle EU countries.
After formal incorporation, there is an option for the client to open a bank account alone or we could assist him with this step. Each case is individual and specific.
All steps of the incorporation project could be provided with the POA-a, except opening a Bank Account where the Director’s presence is requested by each Bank (AML and KYC regulation).
A list of all licensed banks in Croatia is in the next link.
Disclaimer: We don’t have an affiliate agreement with any Bank or receive any kind of benefit, however, you can send us an inquiry about which Bank is more flexible and professional on the market (by our experience). Please keep in mind that we cant provide the exact information regarding the time for finishing all the steps of the ready for a business company project. It depends on more factors and unexpected outcomes, depending on a Company structure, beneficiary ownership structure, etc. It could be 1-2 weeks or 1-2 months in some cases where it is an International Holding Company structure till the beneficiary owner is verified.
Bottom line: If you decide to choose our Company as a trustee for all processes and services, you may benefit from your project regarding time spent and opportunity costs. We provide cost-effective services of PIN issuance, correspondence with Notary and Official translator, Incorporation document receiving from Commercial Court, Bank account opening, Company registration within authorities (Tax, Pension, and Health insurance).
Please feel free to contact us for more information, further steps, and our official offer. We are looking forward to cooperating with you and your team.