Introduction

Croatia is a great place to set up a business, offering a stable economy and many opportunities. If you're thinking about opening up shop in Croatia, here's what you need to know:

Croatia is a stable economy.

Croatia is a member of the European Union, so you can expect to receive funding from them if your business idea warrants it. Croatia also has a low debt-to-GDP ratio and an economy that's growing faster than most other EU countries.

The labor force is highly educated.

According to the CIA World Factbook, Croatia's population is 98% literate and nearly 30% of the workforce has completed vocational training. In addition to this, there are several universities in Croatia where you can get a higher education in fields such as business administration or marketing. These facts make Croatia an attractive country for starting a business because it means there will be plenty of highly qualified and motivated employees available for hire

The country is small but has a large coastline.

Croatia's coastline is over 1,800km long and it's mostly rocky and steep. The country has a lot of islands, including the island of Hvar which was once known as the "Pearl of the Adriatic".

The Croatian coast is known for its beautiful beaches, with most of them being sandy or pebble-based. You can find some wonderful bays here too!

There's a lot of tourism potential.

Croatia has a lot of tourism potential. The country is a popular destination for people from all over the world, especially in summer when it's warm enough to go to the beach and enjoy some sun.

There are lots of great places for tourists to visit: there are medieval towns like Dubrovnik and Split, as well as beautiful national parks like Plitvice Lakes National Park or Krka National Park.

There are tax incentives for new businesses and entrepreneurs.

If you're thinking of starting a business in Croatia, there are tax incentives for new businesses and entrepreneurs.

In Croatia, there are many benefits for those who want to start their own business but don't know where to begin. One such benefit is that Croatian taxes on profits are low compared with other European countries (20%). Also, no personal income tax is collected on profits made by individuals who work as self-employed persons or freelancers.

There are many reasons why you should consider starting a business in Croatia!

Croatia is a stable economy with a young and highly educated labor force. The country has also been ranked as one of the top destinations for tourism, which means there's plenty of potential for growth in this area. In addition to these reasons, Croatia offers tax incentives for new businesses and entrepreneurs who want to start a business there.

What are the requirements to set up a business in Croatia

In order to set up a business in Croatia, you must:

●     have a registered address. The company can be registered on your own or at the address of another person who is not your relative or partner. If you choose to register it at your own home, you will need to inform the authorities and pay taxes on it as well;

●     have a registered office where legal documents can be received; this doesn't necessarily mean that this is where all operations will take place--it just needs somewhere convenient for receiving official mail;

●     open an account with one or more banks (there are over 50 in Croatia); some banks require an initial deposit before opening an account but most do not;                         Banks typically charge between 5% and 10% interest on loans made from their funds so look carefully at what kind of deals are available before choosing which bank(s) will provide funding for starting up your business;

Can non-residents set up a business in Croatia

You can set up a business in Croatia if you are a non-resident. You need to have a mailing address in Croatia, which can be your home address or an office space rented from another company or individual.

You will need to register with the local tax office and social security office within 30 days of registering your business.

Can non-residents apply for a business bank account in Croatia

Yes, you can. Non-residents can apply for a business bank account in Croatia. You need to open a company bank account in Croatia and prove your identity and residence status if you are not residing in Croatia permanently. In order to do this, you must provide proof of your company's identity (eg: articles of incorporation) as well as documents that prove your own identity: passport or driver's license).

Conclusion

If you're looking to set up a business in Croatia, we hope this article has given you some insight into the country's economic and cultural landscape. We at Tomašić & Co are happy to help with all aspects of your business, from establishing its legal status through our international network of lawyers and tax advisors to providing practical support on everything from accounting systems through IT solutions. Whatever stage of planning your company is at, please contact us today!

Please note that a jurisdictions’ requirements may change from time to time. Please contact us for current requirements in this jurisdiction.