Croatia has made significant steps in its social and economic transition to a democratic society and a market economy. On this path, it has adopted a number of developed countries’ trends. In addition, membership in the European Union and efforts to join the OECD make significant contribution to the continuous development and improvement of business conditions for Croatian entrepreneurs and foreign investors.

In recent years, the IT scene has gained in importance, with the increased establishment of start-ups that achieve notable results and are increasingly successful on the global market. However, some processes and restrictive regulations that reduce flexibility still make many young, successful entrepreneurs leave Croatia after they achieve a certain level of success.

One such process, which is very important, refers to the share transfer procedure in limited liability companies. These companies, d.o.o. and j.d.o.o., make up over 90% of all businesses in Croatia. In addition, today such processes require a higher level of flexibility and speed and should be secure and accessible to company founders, investors, employees and potential customers with no stress.

Croatia has digitized some important processes, including the electronic business start-up system START, as an easier start for new entrepreneurs. AmCham believes that it is a good time to digitize other processes related to management rights in companies. One of the key ones is the management, administration and disposal of company shares.

AmCham's position paper is available here.