Types of companies and registration procedure:

• Limited liability company – Ltd.  is a company in which one or more legal entities or natural persons invest initial contributions with which they participate in share capital agreed in advance. The founders of a limited liability company can be domestic or foreign natural persons and legal entities. The minimum amount of the share capital of a limited liability company shall amount to HRK 20,000.00, 50% of the initial contribution may be made in property and rights. A limited liability company is founded pursuant to the Articles of Association that must be signed by all the founders and is concluded in a form of a notarial act. It obtains its juridical personality as of the day of its registration with the companies register.
• Joint stock company is a company in which members (shareholders) participate with their contributions in share capital divided into shares. A joint stock company is a legal entity that obtains its juridical personality as of the day of its registration with the companies register. The minimum amount of the share capital necessary to set up a joint stock company shall amount to a counter-value of HRK 200,000.00.
• Limited partnership is a company in which two or more persons associate in order to permanently perform their joint company’s activity, where at least one person has unlimited and several liability for the company’s obligations with all his propriety (general partner), and at least one person is responsible for the company’s liabilities only up to the amount of the respective propriety contribution in the company (limited partner). A limited partnership is a legal entity that obtains its juridical personality as of the day of its registration with the companies register and it does not have share capital. The company is set up pursuant to the Articles of Association (Social Contract) that needn’t be composed in a form of a notarial act.
• General partnership is a company in which two or more persons associate in order to permanently perform their joint company’s activity, and every partner is responsible towards company creditors with their entire property. A general partnership does not have share capital. Partners must bring in equal stakes in the company that may include money, property, rights, work and other services and goods.
• Business interest association is a legal entity set up by two or more natural persons or legal entities in order to facilitate and promote business activities included in their operation, in a manner that the legal entity does not gain profit for itself. An association may be established without capital, and members’ rights cannot be expressed in securities. It is established by concluding an agreement whereby establishing an association, that must be concluded in a form of a notarial act.