Croatian Limited Liability Company set up

Croatian Limited Liability Company is a private company in which one or more companies or individuals invest an equity determining their share in the founding capital - share quotas (expressed in ownership percentage). Share quotas cannot be expressed in securities, nor they are deemed a stock.

The lowest founding capital amount cannot be lower than HRK 20,000 (approx. EUR 2,700). After the company incorporation, these funds are transferred to the company bank account and free to be disposed with for company purposes. Payment of founding capital is generally the only founder obligation, owners are not personally liable for the limited liability company liabilities (debts and obligations).

Limited liability companies (Croatian abbreviation is d.o.o.) are set up on the basis of the Deed of Incorporation (passed by the sole founder) or Articles of Association (executed by all the founders, when more than one). Deed of Incorporation/Articles of Association are adopted in front of a Croatian notary public and can be adopted via proxy. Incorporation usually takes around two weeks time.

Croatian Limited Liability Company must have at least one manager and a registered address in Croatia. Assono sources registration address and company managers to meet this requirement.

Assono can help you set up and maintain your Croatian company, and run virtual offices - please contact us.