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Croatia

Croatia Flag

Country: Croatia
Region: Europe
Currency: Croatian kuna (HRK) (kn)
Languages: Croatian
Time Zone: UTC +1

Phone Code: +385

Communications: Good

Formation Cost: 10000 - 12000 USD$
Formation Time: 7 - 11 days
Maintenance cost: 5000 - 7000 USD$

Executive Summary: Croatia is in the Balkans, in South Eastern Europe bordering the Adriatic Sea, Bosnia and Herzegovina, Serbia, Hungary and Slovenia. Croatia also has a small border with Montenegro in the south of the country. Croatia has had a troubled history since declaring independence from the former communist state of Yugoslavia in 1991, and ethnic tensions in the region led to a four-year conflict with Serbia in the 1990s, during which most ethnic Serbs were expelled. As a result, Croats are now the country’s largest ethnic group and Croatian is the first language of 96% of the population of 4.5m, although Italian and German are spoken. The country is now considered politically stable enough to be a member of the EU, which it joined in July 2013. The country’s currency, the kuna, is tied to the EU exchange rate mechanism until the euro is adopted, although no date has been set for this. The economy relies to a large extent on the fortunes of the tourism industry and has yet to fully recover from recession in 2008. Although the economy is dominated by the state, structural reforms have begun to be implemented, and ‘non-strategic’ state industries are gradually being privatised. Croatia’s tax corporate is competitive, with a ‘flat’ tax of 20%. Procedures for establishing a business have also been streamlined, but overall the regulatory is inefficient.

Suitable for: Yachting, Trading Goods
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Company Purpose Stats:

Wealth Management:

 

Treasury Management:

 

Banking:

 

Insurance:

 

Fund Management:

 

Shipping:

 

Aviation:

 

Yachting:

 

Trading Companies Goods:

 

Trading Companies Financial:

 

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Holding Companies:

 

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Vehicle Types: Limited liability companies, joint-stock companies, branches, sole proprietors, general partnerships and limited partnerships

Capital primary business districts: Zagreb

Good Relationships: Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Russia, Slovakia, Slovenia, Spain, Sweden, Turkey, Ukraine, United Kingdom

Bad Relationships: Burma, Egypt, Iran, Korea (Democratic People's Republic of), Libya, Somalia, Sudan, Syria

Tax Burden - Business: Light

Tax Burden - Individual: Moderate

Headline tax rates: CIT 20%, PIT 12-40%, VAT 25%

Treaty Jurisdictions: Albania, Armenia, Austria, Azerbaijan, Belarus, Belgium, Bosnia and Herzegovina, Bulgaria, Canada, Chile, China, Czech Republic, Denmark, Estonia, Finland, France, Georgia, Germany, Greece, Hungary, Iceland, Indonesia, Iran, Ireland, Israel, Italy, Jordan, Korea, Republic of, Kuwait, Latvia, Lithuania, Macedonia, Malaysia, Malta, Mauritius, Moldova, Montenegro, Morocco, Netherlands, Norway, Oman, Poland, Qatar, Romania, Russia, San Marino, Serbia, Slovakia, Slovenia, South Africa, Spain, Sweden, Switzerland, Syria, Turkey, Ukraine, United Kingdom

TIEA Jurisdictions: None

Information Links:

 

 

 

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