12% tax on profit and other benefits: Croatia

Published On - 7. July, 2021

Martina Srnovršnik Uncategorized

Why is it convenient to open an LLC/LTD in Croatia?

 

Let’s start with a list of the most important advantages for those who want to open an LLC/LTD in Croatia:

  • Modern and flexible tax system
  • Customs incentives
  • Tax incentives for micro-entrepreneurs
  • Agreement with other countries against double taxation
  • The taxation of an LTD has a 12% -18% tax on profit
  • Works in VIES
  • VAT 25%; billing outside Croatia is without VAT
  • Lower labour costs
  • Lower energy costs.
  • Favourable tax amortization system
  • The languages spoken are Croatian, Italian and English.

 

What are the types of companies that can be opened in Croatia?

The companies that can be opened in Croatia are very similar in organization to those of the foreign legislation:

  • General partnership – in Croatian Javno trgovačko društvo (j.t.d.),
  • Limited partnership – in Croatian Komanditno društvo (k.d.)
  • Limited Liability Company – in Croatian Društvo s ograničenom odgovornošću (d.o.o.),
  • Simplified Limited Liability Company – in Croatian Jednostavno društvo s ograničenom odgovornošću (j.d.o.o.),
  • Joint stock company – in Croatian Dioničko društvo (d.d.),

The company in Croatia can be composed of a single shareholder or several partners.

Shareholders can be natural or legal persons.

It is a capital company registered by a Notary and later included in the Chamber of Commerce.

The company responds with its own assets and capital. The required capital is 20,000 kunas (approximately 2,800 euros) which is fully paid up and remains available to the company for its use.

 

For more information: https://www.societaallestero.com/costituzione-di-un-srl/

 

The documents necessary to open a company LLC/LTD in Croatia are:

  • For individuals – identity card.
  • For legal persons – Chamber of Commerce registration translated with apostille

 

The following data are required:

  • The name of the company.
  • The headquarters of the company which can also be domiciled at our headquarters
  • The names of the members and their shares (%)
  • The names of the administrator (s) and attorneys
  • The primary activity of the company and secondary activities

 

Taxofia can help you throughout the process of setting up your LLC/LTD in Croatia. For more information write to info@taxofia.com.

 

 

 

 

 

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