Business Consulting
Poslovno savjetovanje podrazumijeva razvoj strategije i optimizaciju poslovanja čiji je rezultat poboljšani učinak i efikasnost poduzeća. UHY poslovni savjetnici su specijalisti za financije, a svoje iskustvo temelje u dugogodišnjem uspješnom radu i rezultatima malih i srednjih poduzeća.
12+
Business Consultants
46+
Employed professionals
300+
Clients asking for our advice per yeaer
8900+
UHY experts in 100 countries around the world
- Establishment and registration of companies and foreign subsidiaries
- Valuation of companies
- Business diagnostics
- Business idea checks (financial and tax checks and consulting)
- Financial restructuring
- Pre-Feasibility Design, Feasibility Study, CBA Analysis
- Development of plans for the overall development of LSG
- JLS Asset Management Strategy
Establishment and registration of companies and foreign subsidiaries
The procedure for establishing a company or a subsidiary in Croatia is precisely the same for foreign citizens, as well as for citizens residing in Croatia, with the fact that foreign citizens, in most cases, request the services of local experts to avoid linguistic misunderstandings and administration traps.
Procedure for opening a company in Croatia for foreign citizens:
- Collect legal documents for the establishment of a company from the Commercial Court and the State Institute of Statistics
- Check if the selected company name is free (https://sudreg.pravosudje.hr/)
- Specify the address where the new company will be registered
- Preparation of documentation by the Public notary
- Payment of the initial capital (minimum amount for a simple limited liability company is HRK 10,00 and for a limited liability company is HRK 20.000,00)
- Select a bank and open a business account
- Choose an accountant to run the business books of the company
- Request a company’s OIB
- Apply for VAT number, VAT ID number and EORI number for the company
- If a foreign citizen wants to be employed in their company, a work permit is required for foreign citizens (MUP).
Valuation of companies
Want to find out how much your business is worth? UHY experts prepared valuation of companies to interested parties because they are important for:
- investors – due to the recapitalization of the company
- to a company seller – when selling a stake in a company or paying off one of its partners
- in the inheritance of enterprises – in the division of assets
- to the owner – because he is interested in the value of the business he has created.
Valuation of an enterprise represents the range of values of a particular enterprise. The base of any valuation should be proper due diligence, credible documents, interviews, and test plans- all of which our expert UHY team can offer you.
There are three basic methods for business valuation:
- discounted cash flow method (“DCF method”), dynamic- because it is based on future cash flows
- the Multiples method, where similar companies are compared
- static Asset-Based Approach method, the present value of the asset is taken into account.
Valuing a company (defining a fair price), is the most complex service that requires specific knowledge and the use of particular methods. UHY experts are experienced in valuing your business, they understand your business, and will choose a combination of the best ways for calculating your company value.
Business diagnostics
Business diagnostics involves reviewing historical financial statements, company documentation, and discussions with employees to identify potential business difficulties and propose restructuring measures.
Diagnostics can also be an overview of the profitability of a particular product/service within the company, individual sales markets, profit centers, employees, and similar.
Business idea checks (financial and tax checks and consulting)
Why do only some ideas become suitable investments, and most end up as a complete failure?
Before embarking on an entrepreneurial venture, good advice is to make sure your idea can also become an excellent business opportunity.
What discerns an idea from an excellent business opportunity?
An excellent business opportunity should meet the following parameters:
- a market that is big enough
- strong growth
- a large profit margin
- strong and positive cash flow
- continuous income, small assets, working capital
- great profit potential
- attractive rates of return for investors.
Financial restructuring
Financial restructuring is carried out in case of financial difficulties of the company, but also to increase the solvency of the company or avoid higher tax levies.
When difficulties arise, the most important thing is to act quickly to avoid the worst-case scenario – bankruptcy of the company.
What does that mean? Reduce costs and increase net profitability.
The process of financial restructuring can be summarized in these few steps:
- business valuation, or analysis of all financial statements, to understand what are the fundamental causes of business liquidity
- cost-cutting, in terms of employee layoffs
- the elimination of less important external services, optimization of other costs, the settlement of customers and suppliers, but also the sale of unnecessary short-term inventories as well as non-operating assets.
- The last step is to restructure the balance sheet, ie, optimize costs and look for new sources to refinance the business.
Posljednji korak je ostavljen za restrukturiranje bilance, odnosno optimizaciju troškova i traženje novih izvora za refinanciranje poslovanja.
Pre-Feasibility Design, Feasibility Study, CBA Analysis
For Croatia to make the most of the available financial support from EU funds, complex bidding documents need to be prepared, ie, each major project needs to prove its justification through a compulsory feasibility study and a cost-benefit analysis – CBA.
How is the cost-effectiveness of an EU-funded project defined?
The primary task of EU projects is to bring benefits to the community, so those are mainly projects such as building hospitals, roads, schools, landfills. This group also includes larger private enterprise projects that can bring long-term benefits to the broader community.
Creating a feasibility study with cost-benefit analysis is a complex task, performed by external consultants with relevant expertise and references for project applicants.
Development of plans for the overall development of LSG
The Total Development Program (PUR) is a primary strategic document of municipalities and cities, drafted for planning, implementing, and controlling the execution of development projects.
It is also a basic document in applying for EU funds and attracting foreign investors, as it addresses all strategic plans of the public, civil and private sectors, aligned with the strategic guidelines for the development of the county and the state.
Consultants, representatives of the local government, the private sector, and non-governmental organizations are involved in the preparation of the documents. Their common task is to analyze the current situation, define projects with a focus on priorities, set goals, and list all available sources of funding.
UHY experts have years of experience in developing a dozen Projects for the overall development of specific municipalities and cities in the Republic of Croatia.
JLS Asset Management Strategy
Ulaskom u Europsku uniju (EU), hrvatske općine i gradovi imaju mogućnost povlačenja bespovratnih sredstava iz EU, a temelj za apliciranje na natječaje su strategije razvoja i slični strateški planovi razvoja jedinica lokalne samouprave (JLS).
Strateški planovi razvoja općina i gradova su ključni dokumenti, koji prikazuju smjer razvoja određenog područja, u smislu dugoročnog i održivog upravljanja imovinom, ali i rješavanja gorućih pitanja, kao što su natalitet, nezaposlenost, infrastrukturna pitanja itd.
Ciljevi i prioriteti postavljeni u strategiji razvoja trebaju biti usklađeni s programskim ciljevima smjernica EU postavljenim za programsko razdoblje 2014-2020.
UHY stručnjaci sudjelovali su u izradi desetak strateških dokumenata za hrvatske općine, koje su izradom jedinstvenog strateškog dokumenta definirali svoj budući opstanak i razvoj, te postavili temelje za buduća ulaganja.
Priprema projekta za natječaje za EU natječaje za poduzetnike
U cilju smanjenja značajnih gospodarskih i socijalnih razlika svojih članica, ali i povećanja konkurentnosti europskog gospodarstva, EU je, u okviru provođenja kohezijske politike (tzv.politike solidarnosti), osigurala sredstva za manje razvijene članice, među kojima je i Hrvatska.
Operativni program Konkurentnost i kohezija 2014.- 2020. je temeljni programski dokument kojim je Hrvatskoj osigurano 6,8 milijardi eura za rast i razvoj radnih mjesta kroz ulaganja u infrastrukturu te razvoj poduzetništva i istraživačkih djelatnosti.
UHY stručnjaci s više od 40 uspješno pripremljenih projekata mogu pomoći poduzetnicima kod:
razrade poduzetničke ideje
prikupljanja i sortiranja natječajne dokumentacije
strukturne i jezične prilagodbe dokumentacije za EU fondove.
Everything a successful business needs
More than 400 domestic and foreign entrepreneurs entrusted us with their business books, which saved them time and money. Behind our signature are knowledge, continuous education and results. Do you always want to know the true state of your finances?
We monitor changes in tax laws and regulations every day, and based on our advice, entrepreneurs make faster and more professional business decisions and enter into investments. Ask for tax advice that will reduce your tax costs.
UHY experts drew up more than 150 projects that got almost one billion kuna of funds approved.
UHY experts participated in the implementation of more than 60 projects with a high success rate of 97.3%.
More than 4,300 participants attended lectures on accounting, auditing, business and tax consulting, and EU funds. We teach using examples from Croatian practice. Check which educations lead to business success.