|
Post by usplitu on Sept 23, 2010 10:25:15 GMT 1
What if the directors are also the owners? This is very common. What web site shows this info? I do not know the website, but the notary went online and printed off my companies details after I asked the question. There was a section for owners and another section for directors. The director's listing was accurate but the owner's listing was blank. (For my company the owner is also the director). It appears that the owner's listing was kept in paper form and not input/included into the online system, so instead of ploughing through all the paperwork that they already have on paper file for each company, the Government are putting the onus on the individual company owner/director to file an update, listing the current ownership. I have no issue with this and I don't think the government fees are out of line (250 +100), I'm sure it's quicker and more cost effective than payment government employees to backtrack through all that documentation. My big issue is that it is a requirement to use a notary and pay their ridiculously high fees that annoys me !! Why not include this as part of the end of year company filing that is done by the accountant. Or better yet, allow the director/owner to file their paperwork at a government office for the basic fees of 350. Instead it is quietly brought in with a healthy penalty for non compliance. Now, I'm off to college to become a Notary Public !!!
|
|
|
Post by riki on Sept 23, 2010 10:44:31 GMT 1
www1.biznet.hr/HgkWeb/do/language?lang=en_GBshows company details but this is not the official site. I will post it as soon as I find it in my favorites. If this only applies to companies with more than one owner, how would they impose a fine (if they don't know which companies have more than one owner)? Just a thought! It does seem ridiculous that we must pay to update their records though. The owners are listed in the full company registration document.
|
|
|
Post by usplitu on Sept 23, 2010 11:54:43 GMT 1
Hi Riki .... I forgot to say in my previous e-mails .... thank you very much for posting about this. Without you raising the issue here, I would have been in complete ignorance as my book-keeper was unaware too.
Do you know why it does not apply to companies with only one owner ? It seems a strange loophole/discrepancy.
|
|
|
Post by Carol on Sept 23, 2010 13:31:04 GMT 1
Without reading through this properly, I am not sure if this has already been said... but just in case it has not I can tell you what my accountant said when she checked the regulations:-
The requirement does exist but it only applies to companies with more than three owners.
Now language sometimes gets in the way when I speak to her, so if someone reading this has a company with three owners, then I would double check with your accountant first before relaxing.
|
|
|
Post by crojoe on Sept 23, 2010 16:46:37 GMT 1
Then the question is.... do you have to pay that lovely sum for each owner? Just all very odd seeing I haven't changed a thing since I opened a company in 2004.
|
|
|
Post by usplitu on Sept 23, 2010 18:41:31 GMT 1
Update : I have spoken again with the notary today about this re-registration. She advised me that for companies with only one owner there is no requirement to make this filing as a single owner is listed on the 'system' already. The notary said that all companies with two or more owners must make this filing. crojoe : The figures I gave earlier for notary fees (1,100kn) was the total fee for a doo with two owners.
|
|
|
Post by crojoe on Sept 23, 2010 18:46:23 GMT 1
Guess another write-off for expenses for a company, but sure is a lot of cash for just stating info that is already stated on the court legalised company papers. No doubt this is just another money making endeavour by the Gov. Such a shame really, as they owe me back taxes and offered it as credit for the coming year(s).
|
|
|
Post by upthevilla on Sept 24, 2010 7:52:56 GMT 1
Its all true. Any company with more than 1 owner has to go to the public notary and do all the papers again for all the owners.
When a company is formed they take all the details of one person, now they want the details of all the owners
My account tried explaining it to me, but im still at a loss as to why .
All i know is that it has to be done,and it will cost more money.
Sounds like the public notary and the courts have dreamt this up to make a bit of extra cash. Probable due to the lack of work they have over the last year or so.
The law was brought out on August 1st 2010 and we have until 31st October to do it after that there will be fines.
It is not really an accountancy issue and you should go to the Public notary for more info, which is something we will do next week. If you were planning on making any other changes to the company such as adding different activities then you can do it at the same time and as far as i know not pay any more.
|
|
|
Post by crojoe on Sept 24, 2010 9:15:07 GMT 1
|
|
|
Post by crojoe on Sept 24, 2010 17:48:57 GMT 1
I called the Croatian chamber of business today and was told to wait as this new requirement has not officially been released to the public. It will be announced and outlined in the news in October, and the lady I talked to was surprised about the amount of fee some have mentioned here. It does seem to be something all those with a d.o.o. will have to go through, but she said just wait.
|
|
|
Post by Madgolfer on Sept 24, 2010 18:45:18 GMT 1
Just heard back from our lawyers and this does indeed appear to be correct, so well done Riki for spotting it early on.
As posted above, there is apparently no requirement for them to announce the "due-by"date until 30 days before, so there is likely to be rush at the notary offices and a few that get fined if not completed by the 31st October.
It does only apply to companies with more than one owner, so single owners can rest easy.
All share holders have to be present in Croatia or have given specific power of atorney with someone in Croatia, so get your finger out if you are elswhere.
|
|
pink
Junior Member
Posts: 25
|
Post by pink on Sept 26, 2010 6:06:28 GMT 1
The lawyer that we used to set up our company kindly emailed us about this new requirment. They advised us they would do it for us for Euro 450 + PDV!!!!!!!!!!What a rip off - let's cheat the foreigner. Thankfully, we'd just returned from Istria, heard about the new law while we were there and completed via the notary. The notary fees are cheap in comparison. Obviously the lawyer thought he was on to a sure thing as thought we were overseas and wouldn't have a choice but to pay in order to comply with yet another new Croatian law.
|
|
|
Post by Carol on Sept 27, 2010 10:42:20 GMT 1
My accountant now says that she didn't know the answer to my question. I was in Kastela at the time i asked and it would have been cheap and easy to do. Now at the very least I have a day trip to the FCO legalisation office and worry about how long the mail will take. So her bad advice has cost me money. Is she sorry - no! Just defiant. Why the hell doe she give advice if she doesn't know the answer? She could at least say she is not 100% sure. Grrrrrrrrrrrrrrrrrr!
|
|
|
Post by crojoe on Sept 27, 2010 11:33:26 GMT 1
The best bet right now people is to wait. I know you hate to wait, and love to inject cash into the Croatian economy, but this re-registering isn't quite finalised. I'm sure there will be some anger amongst the voters, primarily small business.
Dishing out the cash right now might be folly? 30 days to go, so give it time. See what the masses do with the news, and how the government reacts to it if resistance pops up its head.... although if the Gov. is anything like the Borg, then resistance is futile.
|
|
|
Post by Carol on Sept 27, 2010 11:58:41 GMT 1
crojoe... i think they will not repeal it. Instead they just won't enforce it against companies that are in favour. It will be one of those things that you will get fined for if someone takes a dislike to you for whatever reason and decides to call an inspector. Foreign owned companies are never going to be well-liked (and therefore protected) no matter how much you smile, try to speak Croatian and drink coffee for hours. And having money/ earning money is a reason to be actively disliked, so there is no protection for foreigners. We all know that locals may break the rules as much as they like, but the same individuals will be incensed if a foreigner does the same thing. (Wasn't there another thread explicitly about this?) I am going to pay up and jump through this latest hurdle that has been erected simply to trip me and people like me up.
|
|