Property Investment In Croatia
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Read moreInformation Type | Croatia Data |
---|---|
Population | 4,464,844 (July 2015 est.) |
Gross Domestic Product (GDP) | $91.10 billion (2015) |
GDP Per Capita | $21,600 (2015 est.) |
Inflation Rate | -0.5% (2015) |
Currency | Kuna (HRK) |
Exchange Rate Versus U.S. Dollar | 6.81 kunas = 1 U.S. dollar (June 2016) |
Language | Croatian |
Capital | Zagreb |
Population of Capital City | 687,000 (2015) |
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 |
Government | Parliamentry Republic |
Name and Party Affiliation of Current Leader |
Kolinda Grabar-Kitarovic (Since February 2015) |
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 | 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 http://www.croatiaairlines.com/ |
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