Post by David Allen on Mar 13, 2012 9:31:34 GMT -5
ARE THE FOREIGN CITIZENS ENTITLED TO PURCHASE REAL ESTATES IN CROATIA?
From February, 01. 2009 the citizens of all EU Member States, as natural persons, can purchase property in the same way as Croatian citizens.. The properties that can not be purchased by natural persons are agricultural land plots and forests. The citizens of other countries, outside the EU, they can buy properties with the approval of the Ministry of Foreign Affairs. The approval can be obtained by the citizens of those countries with which Croatia has signed an agreement on reciprocity.
The procedure for non EU members is as follows:
When a foreign citizen decides to purchase a real estate, they conclude a sales contract with the seller, which at that time need not be certified by a notary public, and, along with a prescribed documentation, it is submitted to the Ministry of Foreign Affairs in Zagreb. Once approval is given, then they can perform the registration of title on their behalf and pay the property transfer tax.
Foreign citizens that found, or already have a founded company in Croatia, can purchase properties as a company ownership without any restrictions. The citizens of all countries can establish a company in Croatia.
WHAT IS THE AMOUNT OF THE PROPERTY TRANSFER TAX IN CROATIA?
Republic of Croatia has an uniform tax rate of 5% for all types of property and all types of transactions. The amount of the tax is determined based on the price from the Sales Contract and the estimate of the authorized tax office, on which territory the property is located. According to the law the property transfer tax is paid by the buyer.
In the case of selling the newly built property, if the seller is a Croatian company, the tax is approx. 1.5%
WHAT IS THE AMOUNT OF BROKERAGE COMMISSION?
Real Estate Broker's Commission:between 2% and 3% of the purchase price. (paid by the buyer)
Notary fees, legal fees, translators, founding of the company : approx. 1%-3% (paid by the buyer)
If someone offers you a lower price for this service, you must be careful, because it probably has a hidden agreement with the owner or agent of the owner.
subject to change
From February, 01. 2009 the citizens of all EU Member States, as natural persons, can purchase property in the same way as Croatian citizens.. The properties that can not be purchased by natural persons are agricultural land plots and forests. The citizens of other countries, outside the EU, they can buy properties with the approval of the Ministry of Foreign Affairs. The approval can be obtained by the citizens of those countries with which Croatia has signed an agreement on reciprocity.
The procedure for non EU members is as follows:
When a foreign citizen decides to purchase a real estate, they conclude a sales contract with the seller, which at that time need not be certified by a notary public, and, along with a prescribed documentation, it is submitted to the Ministry of Foreign Affairs in Zagreb. Once approval is given, then they can perform the registration of title on their behalf and pay the property transfer tax.
Foreign citizens that found, or already have a founded company in Croatia, can purchase properties as a company ownership without any restrictions. The citizens of all countries can establish a company in Croatia.
WHAT IS THE AMOUNT OF THE PROPERTY TRANSFER TAX IN CROATIA?
Republic of Croatia has an uniform tax rate of 5% for all types of property and all types of transactions. The amount of the tax is determined based on the price from the Sales Contract and the estimate of the authorized tax office, on which territory the property is located. According to the law the property transfer tax is paid by the buyer.
In the case of selling the newly built property, if the seller is a Croatian company, the tax is approx. 1.5%
WHAT IS THE AMOUNT OF BROKERAGE COMMISSION?
Real Estate Broker's Commission:between 2% and 3% of the purchase price. (paid by the buyer)
Notary fees, legal fees, translators, founding of the company : approx. 1%-3% (paid by the buyer)
If someone offers you a lower price for this service, you must be careful, because it probably has a hidden agreement with the owner or agent of the owner.
subject to change