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Legal Forms for Economic Activities of Foreign Companies in Croatia

Croatian Companies Act regulates the position of foreign companies and conditions for their economic activities on Croatian market. They can choose: a) to establish an agency according to Croatian Act on Commerce, b) to establish a branch according to Croatian Companies Act and c) to establish a subsidiary according to Croatian Companies Act. Foreign companies or firms formed in accordance with the law of a Member State and having their registered and real seat within the European Union are in favourable position in relation to foreign companies established in other countries if they wish permanently perform their economic activities on Croatian market. The agency does not have legal personality. It can be established to perform auxiliary activities of the foreign company. The branch is also a part of the foreign company. All legal transactions concluded by the branch with domestic legal entities have the nature of contracts with international element. The subsidiary has its own legal personality. This provides advantages for the founder because he transfers risks for success of cross-border economic activity to the subsidiary, which is entirely governed by Croatian law. As regards to application for registration of subsidiaries and branches, Croatian law enables on-line registration and registration on paper, with mediation of notary public and HITRO.HR office.

foreign company, cross-border economic activity, agency, branch, subsidiary, on-line registration

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