Establishing a Commercial Company in the Republic of Croatia for Non-EU Nationals: Is an “Approval” Required under the Foreign Direct Investment Screening Act?

In practice, the term “foreign investment” is often equated with “setting up a company by a foreigner.” However, the legal framework distinguishes between the procedure for establishing a commercial company and the security mechanism for screening foreign investments. Company Formation and the Foreign Investment Screening Act When a person from outside the EU wants to start a company in Croatia, everything is often lumped under the same label of “foreign investment,” creating the impression that every new company must be specially approved. However, the Ministry of Finance clearly states in its information that the Foreign Investment Screening Act does not change the procedure...

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