Types of Companies in Croatia

Croatia offers a friendly and welcoming environment for foreign investors, mainly due to the favorable foreign investment policy. Investors in Croatia find a prosperous economy, offering them plenty opportunities for success in many domains. Even though there are many business entities available, for any purpose, suiting different business structures, entrepreneurs seem to prefer Croatian limited liability companies, and joint stock companies.

Open a Limited Liability Company in Croatia
Croatian limited liability companies are the most common forms of business organizations in the country, as they are suited for small to medium-sized businesses and do not require a very complex incorporation procedure. They can be established by at least one member who can be a natural person, Croatian or foreign, or a legal entity, also of any nationality. The Croatian Limited liability companies have to be registered at the Commercial Court and require a managing board and a supervisory board. The minimum required capital is 20.000 HRK. The liability of the members is directly influenced by each partner's contribution to he company's capital.

Create a Joint Stock Company in Croatia
The joint stock companies are not as common as the limited liability companies, as they are suited for business at a larger scale. The capital of the company is provided by the members, who in exchange obtain shares. The nominal value of each share is established by a managing board, necessary in the company's structure. Joint stock companies must be registered and have to be audited. The minimum capital required for establishing a joint-stock company in Croatia is the equivalent of 200.000 HRK.  As in a limited liability company, the members of joint stock companies are liable to the company's debts and obligations only to the extent of their contributions.

Open a Limited Partnership in Croatia
A limited partnership is established by at least two members, natural persons or legal entities of any nationality and they do not require a minimum capital. At least one member has a limited liability, meaning he is the limited partner. However the limited partner does not play any role in the management of the company. A limited partnership also has at least one general partner being in charge with the management of the partnership, who is fully liable to the company's debts and obligations.

Form a General Partnership in Croatia
A Croatian general partnership is also established by at least two persons, or legal entities of any nationalities who do not have to provide a minimum capital. In a general partnership all the partners are general, and engage in management activities. They are liable to the partnership's debts and obligations to the extent of their own personal assets. A partner disposes of his interest in the partnership, only with the consent of all the other partners.

Open a Silent Partnership in Croatia
A silent partnership is basically an ordinary partnership, being established also any two ore more natural persons or legal entities of any nationality, without the obligation to provide a minimum capital. A silent partnership however has a silent partner excluded from the obligation to cover the losses of the partnership. This kind of entity does not have a name, does not have to be registered with the Commercial Court in Croatia and is not considered a separate legal person.

BridgeWest offers company formation in Croatia, including virtual office and other related services.