Property in Croatia

Population: 4.500.000
Area: 52.542 km2
Capital: Zagreb
Language: Croatian
Currency: kuna(hrk)
Gdp per capita: €9,359
Gdp Growth: %3.7
Dialing code: + 385
Emergency service: 112
Embassy phone in Ireland: 014767181
Visa requiry: no
Dublin - Zagreb distance: 1.806 km
Agent Fees: %3 - %6 paid by seller
Legal fees: %2
Season High: June - Sept

Buying a property in Croatia Foreign house buyers buying in Croatia can purchase in one of two ways as a private individual or through a company.  Before embarking on either method a preliminary agreement is drawn up with the vendor and a 10% deposit will be paid before the main process begins. Buying as a private individually requires the buyer to obtain a permit from the Ministry of Foreign Affairs which can take up to one year (though usually about half that ) and involves submitting a large quantity of documentary evidence .  However, there may be tax advantages to buying in this way, which could make the wait well worth your while.  Consult a tax specialist to determine your exact liability. Buying through a company involves registering a commercial entity with oneself as shareholder a degree of bureaucracy and a few fees are involved here and was with purchasing privately, its vital to have a lawyer who can guide you through what can be very complicated process Once status is confirmed the two parties sign a contract in front of a notary and if necessary an official translation should be prepared. Once the contract is signed then presented to the land registry and a 5% transfer tax is paid completing the transaction.  Other taxes include 22% VAT on new build homes and income tax of up to 25% on rental profits.