Buying property in Croatia: Ministry of Foreign Affairs of Croatia
When buying property in Croatia foreigners need to obtain an approval from the Ministry of Foreign Affairs of Croatia in order to apply to the local Land Registry. The listing of your name in the Land Registry is the last step and most important to certify your ownership of your Croatia property.
The process of the Ministry of Foreign Affairs of Croatia takes between twelve and eighteen months. Some foreigners might see it a quite long period but there is nothing a buyer, attorney or real estate agent can do about it. The approval itself is a formality where the state checks that a buyer doesn't have any legal issues with Croatia.
Also buyers before buying in Croatia should check for reciprocity, a treaty that establishes that you can buy property in Croatia as long as people from Croatia are entitled to purchase property in your country. British, Irish, American and Australian, between others, can buy property in Croatia.
Despite obtaining the approval from the
Ministry of Foreign Affairs of Croatia takes long is actually the
best way for those to buy a holiday home. Investors also might
take the private route, which is opening a Croatia limited company,
that way, they don't need the approval from the Ministry of Foreign Affairs
of Croatia and their company can register the property immediately
in the Land Registry. However, companies have the responsibilities to
make returns, so the way you take when buying property in Croatia
will depend of your plans with the property.
Home: Property in Croatia Property in Istria Property on sale at CroatiaProperties.Biz