Zurich+41 435 50 73 23
Kyiv+38 094 712 03 54
London+44 203 868 34 37
Tallinn+372 880 41 85
Vilnius+370 52 11 14 32
New York+1 (888) 647 05 40
Investors’ increasing desire to conduct business in Croatia is directly correlated with the tourist sector’s explosive growth in this nation. Croatia now has a good investment climate thanks to the country’s stable political status and the development of its infrastructure to a standard comparable to that of Europe. It’s easy to start a business in Croatia. Any businessman can travel freely to most of Europe’s nations and apply for a residence visa there as a citizen of Croatia.
There are two primary business sectors in Croatia. They are tourism and commercial real estate rentals to visitors. This is hardly a comprehensive list of things you can do in this nation, though. There are blooming fields of business in Croatia for foreign entrepreneurs:
The money that has been officially designated as a loan given to the firm is transferred by the founder to its account. After drafting a loan agreement, a sell-and-buy transaction is carried out. Real estate ownership is eventually recorded and the asset is added to the company’s balance sheet when the relevant taxes have been paid. In general, the complexity of purchase tax and clearing expenses is less than 10% of the overall cost of the bought product. In Croatia, there is no yearly land and property tax.
In addition to buying or building hotels, resorts, apartments, villas, cafés, and bars, private investors are also interested in businesses that offer associated tourist services:
It is necessary to obtain a business visa and conduct the transaction on Croatian soil for those who want to buy a business there. Purchasing a ready-made firm frees the entrepreneur from having to pay the permitted capital, modify the work of the company, and engage in customer base development.
However, you should pay attention to the following crucial factors when purchasing a business or firm:
Real estate items are frequently listed for sale at somewhat exaggerated rates.
But even so, it is far more lucrative to purchase land and homes along the Croatian coast than, for instance, in Spain or Italy, where buyers looking to invest in property near the Mediterranean Sea are most likely to look.
Subjective variables have an impact on the property valuation process. For instance, international investors think that Croatia offers better protection for their money than Montenegro, which is nearby. Real estate costs twice as much here as they do in upscale tourist destinations in Montenegro as a result.
The bureaucratic red tape that comes with property registration paperwork also poses substantial challenges for investors and can cause a delay of up to 2.5 years in the transaction’s completion. Although there are still issues with buying real estate, they are getting fewer and farther each month. This is a result of a methodical and unambiguous approach of the government of Croatia to bring the nation’s legal framework and economic foundation in line with European standards.
Organizations from the neighbouring country of Slovenia, who not only operate in the tourism market sector but also own several flats and hotels, are rather active participants in the Croatian real estate market.
The dynamics of real estate values and visitor flows are somewhat correlated. The wealthiest investors and travellers from Northern Europe, the United Kingdom and the United States pick items in South Dalmatia for purchase and pleasure, so prices in South Dalmatia are rising much more quickly than, say, in Istria or the Kvarner Bay.
Please contact us to get more information.
You can see our current offers in the categories “Cryptocoins and licensing of cryptocurrency operations”, “Ready-made companies”, “Banks for sale” and “Licenses for sale”.
The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.