Opening a foreign bank account in Croatia for buying property
If you travel to Croatia for buying Croatia property you might need to know some tips that can help you. It's always advisable to open a foreign bank account in Croatia if your interest in buying property in Croatia is really serious that will allow you to pay the deposit of the Croatia property you have chosen.
When buying property in Croatia you have to secure it with a deposit, which is usually ten percent of the total price of the Croatia property. That payment is done in Euros by bank transfer and that's why the foreign account is needed. The Croatia currency is denominated Kuna but in Croatia, for purchases like property, Euros as used.
Also, the foreign bank account will be needed when sending the rest of the money to complete the payment of your Croatia property. As current buyers do, you would then transfer the money from your personal account in your country to your foreign one in Croatia. Then the payment will deposit into the seller account.
Also a foreign account in Croatia, which can receive Euros or pounds is very handy during your stage in Croatia, there are plenty of cash points in the major towns. The time can come when you will need to have money for furniture for your Croatia property between other uses.
So, bear in mind that opening a foreign bank account is a must when buying property in Croatia. It's very easy providing only your passport for identification you can start with a very small sum of money. The staff in the banks will also be able to help you with the language barrier as well.
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