CroatiaVillage

Top Choice on the Med

Croatia is one of our top picks for affordable Continental living. The country boasts a long and colorful history (the Istrian peninsula, for example, was part of nine different sovereign nations in the last 100 years alone), oodles of Old World charm, plus centuries-old white-stone villages up and down the mountainsides overlooking deep valleys of olive trees and grape vines.

Plus, get this: Croatia has more than 6,000 kilometers of coast and enjoys more than 2,600 hours of sunshine every year.

Prices, especially along the long coastlines, have risen steadily for the past decade. Still, you can get a better Mediterranean buy for your money here than in Italy or France...and Istria (our favorite part of the country) offers the best of Tuscany without the tourist hoards.

Critically, unlike Spain, for example, whose Costa del Sol is one of the most unappealing stretches of coastline anywhere in the world, Croatia has put in place strict standards for the development of its coast.

Walled Dubrovnik is one of the most romantic, beautiful, and historic cities on earth.

Boaters, take note: Croatia can be the best mooring option in Europe. The country charges neither import duty nor VAT for registered boats.

Photo Gallery


Population 4.5 million (July 2012 est.)
Gross Domestic Product (GDP) $80.89 billion (2011)
GDP Per Capita $18,300 (2011 est.)
Inflation Rate 2.2% (2007)
Currency Kuna (HRK)
Exchange Rate Versus U.S. Dollar 5.25 kunas = 1 U.S. dollar (2011)
Language Croatian
Capital Zagreb
Population of Capital City 685,000 (2009)
Time Zone GMT plus 1
Seasons Continental: warm summers, cold winters
Mediterranean: hot, dry summers and cool, wet winters
International Dialing Code 385
Electricity 230V / 60 Hz; Plug Type: C, F
Parliamentry Republic
Name and Party Affiliation
of Current Leader
IVO JOSIPOVIC, since 2010
Income Tax Rate for Residents 12% to 40%, depending in Gross Income
Property Tax 0%, Acquisition of a Building is subject to a rate of 5%
Capital Gains Tax 25% to 40%
Inheritance Tax 0% for first line of succession; 5% for Inherited or donated property.
Rental Income Tax 15% (for non-residents)
Transfer Tax 5%
Sales Tax 23%
Restrictions on Foreign
Ownership of Property
Foreigners from a country with a reciprocity agreement with Croatia can hold property in their own name; otherwise, use a Croatian corporation
Local Chamber of Commerce www2.hgk.hr/en/
Rooseveltov trg 2
10000 Zagreb
Phone: +385.(0)1.4561.555
American Chamber of Commerce www.amcham.hr
Kršnjavoga 1
10000 Zagreb
Phone: +385.1.4836.777
Primary Exports Transport equipment, textiles, chemicals, foodstuffs, fuels
Residency and Visa Requirements Tourist Visa: automatic 90 days upon entry
Residency: employment and business visas; permanent residency established after 5 years of Temporary Residence Permit holding
Citizenship: with renouncement of foreign citizenship, Croatia as your registered place of permanent residence for a continual 5 years, and proficiency of Croatian language and Latin script
Special Benefits for Foreign Residents or Retirees Tax-free incomes on: overseas pension; interest payments on loans, investments, securities, deposits; capital gains from security trading and real estate
National Airline Croatia Airlines
www.airchina.com.cn

 

Map

Share