In the Republic of Croatia, only an open-ended investment fund with a public offering may be established as a UCITS.
A public offering of UCITS funds shall be permitted in the Republic of Croatia to:
1. management companies with their registered office in the Republic of
Croatia which establish and manage an UCITS fund established upon the
authorisation of the Agency;
2. management companies from member state which manages an investment fund established upon the authorisation of the member state relevant authority ;
(2) By way of exception from paragraph 1., management company from a
third country shall be permitted a public offering of an open-ended
investment funds from third countries which operate in accordance with
the provisions of this Act regulating the operation of UCITS funds, or
in accordance with regulations offering the equal level of protection to
investors as UCITS funds do.
WOW this is going to get above and beyond! #Internationalentrepreneurship
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