Last Updated on April 4, 2017
Investment Immigration: Croatia Residence Investor Programme
Croatia Residence Investor Programme
Croatia is a small country in southeast Europe, boasting of a beautiful 6,000 km coastline on the Adriatic Sea. The country consists of more than 1,100 islands, 66 of which are inhabited. Croatia’s coastline is considered to be the most beautiful in Europe, with its gorgeous bays, inlets, beaches and coves. The country also has a lot of places of historic interest like Split, Pula, Korcula, Dubrovnik, Hvar, and Trogir. There are four historic sites on the Adriatic coast which are labelled as World Heritage sites by UNESCO.
In Croatia, most of its islands receive more than 2,600 hours of sun in a year. The country is divided into two parts – a Latin-influenced coast and a more Central European interior. The official language is Croatian, but English is widely spoken, especially in larger cities. Croatia’s capital Zagreb has about 800,000 inhabitants.
Croatia used to be the second largest state in former Yugoslavia. It declared independence in 1991, and thereafter a four-year war with Serbia followed. Most of Croatia remained untouched by the war, and this distracted attention from its 1,100 islands, clear seas, romantic fishing villages, breath-taking beaches, beautiful vineyards, Roman remains and medieval towns.
Croatia is a sovereign state. In 1992, it became a full member of the United Nations. The 2000 elections in Croatia established the new free-market-oriented government in power, which is determined to attract foreign investment. The social, political, and economic situation of Croatia is improving consistently.
In 1991, the Constitution of the Republic of Croatia came into effect. It establishes Croatia as a parliamentary democracy and guarantees the right and inviolability of private property. In addition, any rights gained through investment of capital are constitutionally guaranteed. Foreign investors are also guaranteed free transfer and repatriation of profits and capital. Asset forfeiture is permitted only after a final court decision.
Croatia, before separating from Yugoslavia, had a fully-developed tourist industry that attracted about 10 million visitors every year. This industry is now in a phase of recovery, however, Croatia offers several excellent opportunities to investor immigrants.
Advantages of Residing in Croatia:
- It has one of the most beautiful coastlines in Europe with unspoilt nature
- Some types of incomes can be received 100% tax-free
- There is a possibility of using offshore structures for tax planning
- There can be good fiscal incentives to make substantial investments