As a result of the upcoming introduction of the euro as the official currency of the Republic of Croatia, new amendments to the Companies Act ("ZTD") have been introduced which will determine the conversion method of share capital from kuna to euro.
The new amendments of the ZTD regulate the following:
I. For joint-stock companies
All existing joint-stock companies must harmonize the amounts of share capital and stocks during the first change of share capital, and no later than January 1st, 2024.
II. For limited liability companies
All existing limited liability companies must harmonize the amounts of the share capital and business shares during the first change of capital, and no later than January 1st, 2026.
For companies that do not comply with the above-mentioned changes, the court registry will initiate the deletion procedure.