author_orbitax
Orbitax

Share This Article

Simplified requirements for establishment of LLC

02 December 2012

|

Approved Changes

|

Croatia

On 21 September 2012, the parliament adopted amendments to the Companies law (the Law). The Law was published in the Official Gazette on 10 October 2012 and will enter into force on the 8th day after its publication. The main changes are summarized below. The amendments introduce the notion of a simple limited liability company. The minimum amount of the share capital of a simple limited liability company is HRK 10 (approx. EUR 1.3). The share capital is divided into shares with a nominal value of at least HRK 1 (approx. EUR 0.13). A simple limited liability company may be established by...