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Commercial law

Law firm Vaić & Dvorničić Ltd. > Commercial law (Page 2)
31 August
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Liquidation of the limited liability company

Posted by Vaic
in Commercial law

The procedure of calculating and dividing the assets of a company in which the reasons for termination have appeared is called liquidation, and it is carried out if the members do not agree on a different method of calculation and division or if the company is not declared bankrupt. It is carried out by all members of the company as liquidators, if the decision of the members or the memorandum does not stipulate that it should be carried out by individual members of the company or other persons. Liquidators must complete the current operations, collect the company's claims, monetize the remaining assets,...

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28 August
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A simple limited liability company (j. d. o. o. )

Posted by Vaic
in Commercial law

Establishment of a simple limited liability company (j.d.o.o.) is a procedure by which a legal entity is established that enables owners to operate under the protection of limited liability. This type of company is often a preferred option for small and medium-sized enterprises, as it provides some certainty and flexibility in the conduct of business. The business of a simple d.o.o. can be started with the lowest amount of share capital of EUR 1,00 paid in full in cash, and the lowest amount of business stake is also EUR 1,00. A simple limited liability company is established using pre-prepared forms and...

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25 August
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A limited liability company (d.o.o.)

Posted by Vaic
in Commercial law

Limited liability company is the most common form of company in the Republic of Croatia. It is defined by Article 385 of the Law on companies as a company in which one or more legal or natural persons contribute to the pre-agreed share capital. The minimum amount of the share capital of a limited liability company is 2,500.00 EUR. Establishing a limited liability company makes sense for several reasons. One of them is certainly tax. Thus, the d.o.o. that generated revenue up to 995,421.06 EUR pays the tax at the rate of 10%, while the d.o.o. that generated revenue above 995,421.06 EUR...

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14 June
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Tax benefits of corporate income taxation in the Republic of Croatia

Posted by Vaic
in Commercial law, Tax law

A company is, by definition, a business entity that independently and permanently performs economic activity in order to make a profit by producing, trading goods or providing services on the market. The most common form of company that appears in Croatian practice is a limited liability company, and the minimum share capital required for the establishment of this company is 2.500,00 EUR. Frequently asked questions when founding a limited liability company mostly focus on the amount of the tax rate at which profits are taxed, and the amount of the tax rate that is applied to the payment of profits paid to...

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31 May
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Taxation of the payment of dividends and shares in the profit of a Croatian company regarding German tax residents

Posted by Vaic
in Commercial law, Tax law

In today’s practice, it is often the case that companies doing business in the Republic of Croatia are owned by natural or legal persons resident in the Republic of Germany.The following is an overview of the tax rates applicable to the taxation of dividend payments in case where the owner of a Croatian company is a legal or natural person and a German tax resident. I. Taxation of the company’s profit – in general The operating profit of a company with a turnover of up to 995.421,06 EUR in annual income is taxed at a rate of 10%, and the profit of...

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29 May
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Taxation of net profit payments to legal and natural persons, residents of the Republic of Germany

Posted by Vaic
in Commercial law, Tax law

The realized net profit that the company established in the Republic of Croatia realizes by performing activities/services and decides to pay to the members of the company / founder is taxable by corporate tax after withholding (for legal persons) or the income tax from the capital (for natural persons).Members of the company who are tax residents of the Republic of Croatia, are fully subject to domestic tax legislation, while the situation is more complex for legal and natural persons who are not residents of the Republic of Croatia, because in these cases the provisions of the International contract for the...

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29 May
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A brief overview of the tax system of the Republic of Croatia

Posted by Vaic
in Commercial law, Labor law, Tax law

LEGAL PERSONS Profit tax A company and other legal entity resident in the Republic of Croatia that performs economic activity independently, permanently and for the purpose of making profit or income or other economically assessable benefits is liable to pay profit tax, and the taxpayer is the domestic business unit of a foreign entrepreneur (non-resident). Profit is determined according to accounting regulations as the difference between income and expenses before the calculation of profit tax, increasedand decreased according to the provisions of the Law on Profit Tax. The tax base of a resident taxpayer consists of the profit realized in the country...

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07 November
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Activity of non-residents by a permanent business unit

Posted by admin
in Commercial law, Tax law

It is known that some citizens have large amounts of money in bank accounts, while due to high inflation and low interest savings in the bank is currently not worth it. By keeping money in the bank, they are not making a profit, while at the same time inflation is reducing the value of the money saved because they can buy fewer and fewer products and services every day with the money they save, and this trend will continue in the future. To preserve the value of money, real estate investments are a good hedge against inflation and represent tangible and lasting value....

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