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In addition to having an excellent quality of life and having achieved a high degree of economic development, Croatia is a state that is a part of the European Union. In addition to that, it offers very promising prospects in the business world.
Croatia has a welcoming and conducive economic environment coupled with business-friendly policies for foreign investors. If you invest in the country, you can become a citizen of Croatia, which comes with various perks. Investing your way to Croatian citizenship is an initiative to lure as many potential foreign investors from other nations as possible to begin new ventures and invest their capital in the economy.
If you are interested in becoming a citizen of Croatia through investment, we suggest you to contact one of our consultants who are specialised in the formation of Croatian companies who will be able to assist you in completing the processes that are necessary to achieve this goal.
By investing in Croatia, investors from both inside and outside of the EU/EEA are eligible to apply for a residence visa, provided they meet the essential requirements, such as:
Following the approval of the application to find a corporation, the subsequent step is to apply for a resident visa. At this point, the requirements that were outlined before becoming applicable. It is highly recommended to speak with an expert on company creation in Croatia regarding the residence by investment program and the general conditions for 2022. This may be done by contacting one of our experts on company creation in Croatia.
Those who have been living in the country for at least 5 years are the only ones who can apply for permanent status as residents. This is the primary condition you need to satisfy to be considered for an award of this calibre. If you have lived in Croatia for longer than 5 years, you may also be eligible to apply for citizenship and take advantage of the privileges that come along with that status. In this particular scenario, it is vital not to forget that Croatia does not prohibit citizens from holding more than one citizenship at a time.
There are no minimum investment requirements for natural individuals seeking permanent residency in Croatia, which means they can apply at any time. One of the most significant restrictions set by the Croatian government is that applicants must demonstrate that they have spent the previous 5 years continuously residing in Croatia. When it comes to investing, things are handled differently for foreign investors interested in obtaining this status.
Only after living in Croatia for at least five years without interruptions would a person be eligible to apply for Croatian permanent residency. You need to have adequate funds to sustain yourself and your family in Croatia to be eligible for a Croatian permanent residence visa. Additionally, you must have health insurance and a basic comprehension of the Croatian language and culture.
One of the most common forms of business organisation in Croatia is a limited liability corporation or DOO as it's known in Croatia. This can be done with a minimum share capital of EUR 2,500, which needs to be deposited into a bank account in the country using the country's currency. No complicated steps are required to set up an LLC/DOO in Croatia in 2022, and the Articles of Association are used as the basis for each new company established in that country.
A DOO in Croatia must have at least one director or president in charge of management responsibilities. The director or president can be Croatian or a foreigner. This requirement applies to both Croatian and non-Croatian owned limited liability corporations. It's essential to check with the Trade Register to ensure the name you've chosen for your business is available for commercial use. As soon as the necessary paperwork has been approved, the company should be registered for tax purposes.
The following are some eye-opening statistics on Croatia's economy and business:
Are you interested in obtaining residency in Croatia in 2022 through investment? If yes, and you have any questions, please don't hesitate to get in touch with our team of Croatian business formation agents. We can assist you with establishing a company in Croatia and skip the legal hurdles associated with the process.