Property Investment In Croatia
What Croatia's Imminent EU Ascension Means For Global Investors Assuming the seven countries still to vote grant approval, Croatia is...
Read more| Information 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/ |
