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Simple companies tools for young entrepreneurs, says minister

Autor: half
ZAGREB, Oct 17 (Hina) - Justice Minister Orsat Miljenic said on Wednesday the establishment of simple companies for HRK 10 was a "tool for young people who want to have a go at enterprise", stressing this was a cheaper and simpler way of founding a company electronically within 24 hours.

Founding simple limited liability companies with HRK 10 stock capital and significantly lower initial costs will be possible as of Thursday, when amendments to the law on companies go into force.

The cost of registering a simple ltd. company will be reduced from the current HRK 3,000-4,000 to less than HRK 1,000.

Speaking to the press, Miljenic could not forecast how many unemployed could enter such ventures, saying this depended on the market.

(EUR 1 = HRK 7.5)

(Hina) ha

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