In Croatia, a **jednostavno društvo s ograničenom odgovornošću (j.d.o.o.)**, or simple limited liability company, is a streamlined form of a limited liability company (d.o.o.) designed to facilitate the establishment of small businesses with minimal initial capital.
**Key Characteristics of a j.d.o.o.:**
– **Founders and Management**: A j.d.o.o. can have up to five founders and is managed by a single director.
– **Initial Capital**: The minimum required initial capital is €1, making it more accessible for individuals or startups with limited resources.
– **Liability**: Founders’ liability is limited to their investment in the company, protecting personal assets from business
– **Profit Allocation**: A j.d.o.o. is required to allocate 25% of its annual profit to legal reserves until it accumulates sufficient capital to transition into a standard d.o.o.
**Establishment Process:**
Croatian j.d.o.o. 3200,00 €-with share capital of 50,00 €
Establishment of the Croatian j.d.o.o. (Simple Limited Liability Company)
In the price included:
• Legalization of the Executive Director
• List of shareholders with the name, address and share of the capital injection
• Verification that the deposits were created unencumbered
• Proof that you are qualified to manage the j.d.o.o.
• Share capital is 50,00 euros
• Article Association
• Memorandum
• Certificate of Incorporation
• Letter to the Commercial Register
• Entry in the register of companies (excluding registration fees)
• VAT number
• Notarization of the general meeting
• Statistical registration number
• Assistant to opening a bank account
• Company legal address for one year
• Company Stamp
• For the authorities all important documents and registration for foreigners
The entry in the register of companies usually takes 2-4 weeks.
We offer on request (extra charge)
• Accountants and tax consultants
• If the founder is a foreign natural person, a Croatian representative must be added price negotiable
• Various office services