Why Invest?
The drive for European integration makes Croatia attractive to investors for several reasons. It provides additional incentives for the government to reduce taxes, trade barriers and regulatory burdens in order to meet EU standards.
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Market Report
We forecast for Croatia, that rise would be at a very high rate. After all, Croatia will be a new "European" rival of Spain, Italy, Portugal and Greece in the Mediterranean coast.
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Economic Overview
Croatia has an economy based mostly on various services and some, mostly light, industry. Tourism is a notable source of income during the summer. The estimated Gross Domestic Product per capita in purchasing power parity terms for 2005 was USD 12,158 or 45.2% of the EU average for the same year.
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Visa/Residency Issues
Types of visa cost and validity; Single-entry: £15. Double-entry: £18. Multiple-entry: £30. Transit: £15 (single-entry); £18 (double-entry); £30 (multiple-entry). Business permit: £15. Group: £4 per person. Valid for a 1-year period, with continuous stay or the overall duration of repeated entries not exceeding 90 days, during a 6-month period starting from day of entry. Business: Valid for 1 year; can be issued to members of a foreign company provided it is registered in Croatia.
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Getting to Croatia
Approximate flight time from London to Zagreb is 2 hours 30 minutes. There are international airports in Zagreb, Zadar, Split, Dubrovnik and Rijeka. Recently, Osijek airport in Slavonia has been renovated for regional traffic.
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Fees & Taxes
- Personal income tax rate is 20-35%.
- Corporate income tax rate is 35%.
- Real Property Transaction Tax is based on market value of the real property.
- Standard rated supplies are subject to VAT at 22%.
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Croatia |
 |
Basic Information
| Population |
4,551,000 |
| Languages |
Croatian |
| Area |
21,851 sq mi |
| Currency |
Kuna (Kn)/(HRK) |
| Dialing Code |
+385
|
| Emergency Services |
112 |
Croatia Overview
Croatia is a country in Europe, at the crossroads of the Balkans. Its capital is Zagreb. Croatian culture is based on a thirteen-century-long history during which the country has attained many monuments and cities, which gave birth to a good number of brilliant individuals.
Average Property Prices
Coming soon.......
Buying Process
These key stages exist in the buying process:
- Reservation Contract – in order to reserve the house.
- Preliminary Contract – for a foreigner to apply for permission to buy a house via a deposit (circa 10%).
- Final Contract – upon signing, the final payment is made and the purchase registered with the local Land Registry.
- A ‘Power of Attorney’ can be grated if the buyer is not in attendance at this stage.
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