Croatia Geography, History, and Economics

Croatia (formerly a part of Yugoslavia) is country in Southern Europe, bordering the Adriatic Sea, as well as Bosnia, Herzegovina, and Slovenia. Although relatively wealthy as an economy, a war in the 1990’s caused severe turmoil for its people as well as its development. After the war, Croatia’s economy subsequently improved as a result of increased consumer spending and tourism as well as the stability of its currency, kuna. Croatia’s government is continuing its efforts to decrease public debt, establish a Eurozone accession plan, as well as accelerate privatization in order to enhance the country’s wealth.

Croatia’s population is estimated at 4.1 million people with a GDP of $54.85 billion, and an unemployment rate estimated at 12.4% in 2017. Their official language is Croatian (95.6%) with Serbian also spoken by a minority. Religions practiced include Roman Catholicism (86.3%), Orthodox Christianity (4.4%), and Islam (1.5%). Croatians take great pride in their nation’s cultural heritage and have a strong sense of loyalty to their regional identities.

2021
April 4Easter Sunday
April 5Easter Monday
May 1Labor Day / May Day
May 30Statehood Day
June 3Corpus Christi
June 22Day of Antifascist Struggle
August 5Homeland Thanksgiving Day
August 15Assumption of Mary
November 1All Saints’ Day
November 18Remembrance Day
December 25Christmas Day
December 26St Stephen’s Day
  • d.d. (dioničko društvo)
  • d.o.o. (društvo s ograničenom odgovornošću)
  • j.d.o.o. (jednostavno društvo s ograničenom odgovornošću)
  • j.t.d. (javno trgovačko društvo)
  • k.d. (komanditno društvo)
  • GIU (gospodarsko interesno udruženje)
  • zadruga
  • obrt
  • ortakluk
  • slobodna djelatnost
  • domaća radinost and sporedno zanimanje
  • OPG (obiteljsko poljoprivredno gospodarstvo)
  • udruga
  • Corporate Tax: 18% (for profits over 3 million kn), 12% (for profits not over 3 million kn)
  • Income Tax (Lowest Marginal Rate): 12%
  • Income Tax (Highest Marginal Rate): 40%
  • VAT/GST/Sales Tax: 25% (standard rate), 13% (certain essential groceries)
  • HPB – Stambena štedionica d.d. (Local Bank)
  • PBZ stambena štedionica d.d. (Local Bank)
  • Prva stambena štedionica d.d. (Local Bank)
  • Raiffeisen stambena štedionica d.d. (Local Bank)
  • Tesla štedna banka d.d. (Local Bank)
  • Wüstenrot stambena štedionica d.d. (Local Bank)
  • Addiko Bank d.d. (Commercial Bank)
  • Banka Kovanica d.d. (Commercial Bank)
  • Centar banka d.d. (Commercial Bank)
  • Croatia banka d.d. (Commercial Bank)
  • Erste & Steiermärkische Bank (Commercial Bank)
  • Hrvatska Poštanska Banka (HPB) (Commercial Bank)
  • Imex banka d.d. (Commercial Bank)
  • Istarska kreditna banka Umag d.d. (Commercial Bank)
  • J&T banka d.d. (Commercial Bank)
  • Jadranska banka d.d. (Commercial Bank)
  • Karlovačka banka d.d. (Commercial Bank)
  • KentBank d.d. (Commercial Bank)
  • Kreditna banka Zagreb d.d. (Commercial Bank)
  • OTP Bank (Commercial Bank)
  • Partner banka d.d. (Commercial Bank)
  • Podravska banka d.d. (Commercial Bank)
  • Primorska banka d.d. (Commercial Bank)
  • Privredna Banka (Intesa) (Commercial Bank)
  • Raiffeisenbank (Commercial Bank)
  • Samoborska banka d.d. (Commercial Bank)
  • Sberbank (Commercial Bank)
  • Slatinska banka d.d. (Commercial Bank)
  • Splitska banka d.d. (Commercial Bank)
  • Veneto banka d.d. (Commercial Bank)
  • Zagrebacka Banka (UniCredit) (Commercial Bank)

Aadmi can support you with your expansion to Croatia. Our team of experts in country manage every aspect of your expansion from incorporation, accounting, legal, and even administrative concerns.  Matched with Global People Strategist’s powerful labor compliance software, your company is in good hands.

Contact us today for more information about how your company can benefit from using Aadmi as your global expansion partner.

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