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CROATIA REAL ESTATE INVESTMENT BUYING STEPS

The Contract

On the assigned day of completion, the buyer and seller (or their authorized representatives) will be presented at the office of the Notary (Javni Biljeznik) to sign the title deed (Ugovor or Kupoprodaji Nekretnine).

The Croatian Notary does not check any terms when buying property in Croatia, but certifies that both parties have agreed to the terms stated, (the Notary is in place to witness both parties' signatures). At that stage your agent will prepare a copy of your contract and all other (see below the list of documents needed) necessary documents to be sent to the Ministry of Foreign Affairs of Croatia.

When acquiring a property in Croatia, foreign citizens need to obtain the approval of the Ministry of Foreign Affairs of the Republic of Croatia. This is a formality that requires 12 to 18 months to complete. Applications are not refused unless the individual has an adverse history with relation to Croatia.

In Croatia the ultimate proof of ownership is entry of the owners name in the local Land Registry (Zemljisne Knjige) on that specific property. The local courts will not allow a foreign citizen to be entered in the Land Registry without the MFA approval. Here is a list of the documents, which have to be supplied to the MFA when requesting an approval to purchase property in Croatia:

The sales contract;

An excerpt from the land registry for the particular property (In Croatian ZK izvadak). This document is usually obtained in each municipality (Opcina) at the local municipal court (Opcinski Sud); it's land registry division (Gruntovni Odjel);

A document from the local municipality (Opcina), from the following department: "Ured za prostorno planiranje". The document is called "Uvjerenje o namjeni", for the particular property;

Proof of citizenship for both buyer and seller (photocopy of passport); any photocopies have to be notarised by a Croatian Notary Public

When buying property in Croatia, a clause in the contract safeguards your finances, protects your rights and allows you to take advantage of your property with immediate effect while you wait for the paperwork. Once the approval arrives from the Ministry of Foreign Affairs of Croatia your agent will fax it to the local Land Registry and confirm you as a new owner, then the final step is to pay the tax for your new property in the Taxation Office.

BROKER, real estate agency team.
 
 



   
   
 
 
island famous for its very specific climate with a lot of sunshine...
 
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beautifull island, one of the most famous seaside resorts of the Adriatic...
 
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island rich in fish and domestic wines, a true oasis of peace and rest...
 


 
acquiring property ownership
buying property in Croatia
Croatia economy overview
Croatian nautical tourism
Croatian tourism - overview
Croatian value added tax
cultural heritage: art & history
real estate transfer tax
treaties between Croatia & Great Britain
world press about Croatia

 



 
introduction
investment informations
real estate
taxes and customs
investing in tourism

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