Founding deposit and recapitalization

Initial deposit (equity capital)

The Bank will receive and record cash funds as initial deposit/equity capital for the establishment of companies according to the Companies Act.

Payment of the initial capital

Domestic individuals and business entities

Initial deposit/equity capital can be paid by:

  • domestic individuals via:
    • cash payment at the Bank’s branches
    • cashless payment from the account of the founder
    • exclusively in HRK
  • domestic business entities via:
    • cashless payment
    • exclusively in HRK

Instructions for cashless payments:

Payer:Name and family name / name of business entity, street, number, city
Amount:HRK   multiplier of 100
Payee:KARLOVAČKA BANKA  d.d., Karlovac
Payee’saccount:HR5224000081011111116
Model and PNB:HR05 1040-24800-OIB of the payer
Purpose:INITIAL DEPOSIT COMPANY D.O.O. (D.D.) IN ESTABLISHING, SEAT

 

Foreign individuals and business entities

Initial deposit/equity capital can be paid by:

  • foreign individual via:
    • transfer of funds at the Bank’s branches from the non-resident account of the founder
    • cashless payment form the non-resident account of the founder opened in the Republic of Croatia
    • payment from abroad
    • payment scan be made in kuna and foreign currency
  • foreign business entity via:
    • transfer of funds at the Bank’s branches from the non-resident account of the founder
    • cashless payment form the non-resident account of the founder opened in the Republic of Croatia
    • payment from abroad
    • payments can be made in kuna and foreign currency

Instructions for cashless payments from the non-resident account opened in the Republic of Croatia:

Payer:Name and family name / Name of business entity, street, number, city
Amount:HRK multiplier of 100
Payee:KARLOVAČKA BANKA  d.d., Karlovac
Payee’saccount:HR5224000081011111116
Model and PNB:HR05 1040-24801-OIB of the payer issued by the Tax authority of the Republic of Croatia
Purpose:INITIAL DEPOSIT COMPANY D.O.O. (D.D.) IN ESTABLISHING, SEAT

 

Instructions for payments from abroad:

Payer:Name and family name / Name of business entity, street, number, city
Amount:HRK   multiplierof 100

Currency other than HRK

Payee:Name of company d.o.o./d.d. IN ESTABLISHING, City, Address, Croatia

(identical to data from the founding Act)

Payee’saccount:HR5224000081011111116
Accountwith:Karlovačka banka d.d., Karlovac
SWIFT/BIC:KALCHR2X
Purpose:Counter value for initial deposit in HRK (exact amount in kuna), OIB of the payer issued by the Tax authority of the Republic of Croatia

 

Note:

Mandatory details in the payment order:

  • Name and family name of the payer of the initial deposit, full address (identical to data from the founding act) and OIB of the payer issued by the Tax authority of the Republic of Croatia
  • Amount of initial deposit in HRK stated in the payment details
  • Name and address of the payee: identical to data from the founding act with note IN ESTABLISHING

Confirmation of initial deposit

After the payment of the initial deposit/equity capital has been effected, the Bank shall be provided with the Statement of establishment/Social contractor other founding act certified by notary public and with the valid personal documents of the founder. After processing the payment to the Bank’s special account, the Bank will issue a Confirmation of initial deposit/equity capital for the purpose of registration of the business entity at the competent commercial court.

Transfer/refund of the initial deposit

Upon registration of the business entity, the funds of the initial deposit/equity capital will be paid to the newly opened account of the business entity for which the payment was made. By submitting the Request for opening an account, the request for the transfer of the initial deposit/equity capital to the newly opened account is automatically submitted.

In the event of the waiver or the inability to register, the funds will be returned to the payers upon request. In addition to the request, the payer must submit the original Confirmation of initial deposit (if the registration process has not been initiated) or the decision to reject the application to the relevant register (if the registration process has been initiated).

Capital increase (increase in equity capital)

At the request of the business entity, the Bank will also issue a Confirmation of increase of share capital for registration purposes when the funds for the increase of the share capital have been paid in favour of the transaction account of the existing business entity held with Karlovačka banka d.d.. The confirmation will be issued after the processed payment and if the payment indicates capital increase (increase in equity capital).