Croatian government moves to make investment easier

Croatia’s parliament has proposed changes to the country’s companies law in order to facilitate the easier establishment of enterprises in the country.

Among other things the new laws propose on-line registration of limited liability and simple limited liability companies and introduce electronic communication with the court register.

“The amendments also facilitate exit from the market by defining procedures for a simpler, faster and cheaper liquidation of a company,” added Justice Minister Dražen Bošnjaković.

Importantly, the conservative opposition MOST party has welcomed the bill as it enhances Croatian competitiveness, as administrative barriers still represent a huge obstacle for investors.

Croatia ranked 58th in the last World Bank Doing Business report, below the European average and behind most Central and Eastern European countries, trailed only by Bulgaria, Albania and Ukraine.