Croatia
A Journey through History, Culture and Natural Beauty
Croatia is in Central Europe, bordering the Adriatic Sea. It is a land of contrasts, where visitors can experience both the tranquil beauty of the coast and the rugged landscapes. Its rich cultural heritage and diverse natural features make it a popular destination from around the world.
One of the main attractions of Croatia is its stunning coastline. With over a thousand islands and crystal-clear waters, it is considered as one of the most beautiful coastlines in the world. It is gifted with charming seaside towns and cities, such as Dubrovnik, Split, and Zadar. These cities offer a unique blend of modernity and history, with stunning architectures.
Croatia also boasts a rich cultural heritage which dates back to ancient times. The country has been influenced by various cultures throughout history, including the Romans, Byzantines, Venetians, and Austro-Hungarians. The country's diverse landscape offers plenty of opportunities for outdoor enthusiasts. From hiking in the mountains to cycling along the coast, visitors can enjoy breathtaking views.
All in all, Croatia is a multicultural country with a rich history and natural beauty. It is an amazing destination for those looking to explore a new culture, enjoy the sun and sea, or learn about the country's fascinating history.
Dalmatia: Croatia's Stunning Adriatic Coast
Dalmatia is a stunning region located on the eastern coast of the Adriatic Sea, renowned for its spectacular natural beauty, crystal-clear waters, and rich cultural heritage. It is a popular tourist destination, attracting millions of visitors every year who come to explore its many delights.
The region is home to numerous beautiful cities and towns, each with its own unique charm and character. Split, the largest city in Dalmatia, is a vibrant metropolis that boasts an impressive collection of historic buildings, including the spectacular Diocletian's Palace, a UNESCO World Heritage Site. Dubrovnik, another jewel in Dalmatia's crown, is a stunning walled city that has long been a favourite destination for visitors from around the world. With its picturesque old town and stunning sea views, Dubrovnik is a true gem of the Adriatic.
Dalmatia is also famous for its beautiful islands, which offer visitors the opportunity to escape the hustle and bustle of city life and enjoy the peace and tranquillity of island living. Hvar, Korcula, and Brac are among the most popular islands, each with its own unique character and attractions. From the beautiful beaches to the charming villages and delicious local cuisine, the islands of Dalmatia have something special to offer everyone.
For those who love the great outdoors, Dalmatia offers a wealth of natural beauty to explore. The region is home to several national parks, including the stunning Krka National Park, where visitors can explore waterfalls, lakes, and lush forests. The Paklenica National Park, with its towering cliffs and canyons, is another popular destination for hikers and nature lovers.
Why invest in Croatia?
Investing in Croatia is lucrative for several reasons. Its unique location at the crossroads of Central European, Danubian and Mediterranean regions provide a strategic advantage, connecting Europe to the world. Croatia boasts modern public infrastructures, including advanced transportation and energy networks, which provide a backbone for economic growth. The country has a stable political and economic environment, ensuring a secure investment climate.
Moreover, Croatia has a highly skilled and educated workforce, which is a crucial asset for any business to flourish. The country's geographical advantages, including unpolluted seas, untarnished soil, and abundant freshwater sources, make it an ideal location for businesses which are looking for growth opportunities. These advantages provide Croatia with a competitive edge, enabling it to compete in the European and global markets.
Reliable investment and business environment
Croatia's legal framework for foreign investment is designed to put domestic and foreign investors on equal footing. In other words, foreign investors have access to the same opportunities and benefits as domestic investors in Croatia.
In fact, foreign investors are granted additional guarantees that are not afforded to domestic investors. The Croatian Constitution ensures that the rights granted to foreign investors at the time of their investment in Croatia cannot be reduced by any law or legal document. Additionally, foreign investors are guaranteed free repatriation of their profits or capital once all legal obligations have been fulfilled.
As a full member of NATO and the 28th member of the European Union, Croatia provides a stable and secure environment for business activities. Its legislation is harmonized with the European Union's fundamental principles, ensuring that business activities are held to the highest standards and opening the possibility of utilizing EU funds. Moreover, Croatia has signed agreements for the avoidance of double taxation with over 60 countries, providing additional benefits to foreign investors.
Tax facilities
Croatia offers several tax incentives and facilities to businesses and investors, making it an attractive destination for foreign investment. Some of the tax facilities in Croatia include:
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Corporate Income Tax (CIT)
The standard CIT rate in Croatia is 10% if the company income is less than 1.000.000EUR. If the company income is equal to or greater than 1,000,000 EUR per year, then the income tax is 18%. This is lower than the average CIT rate in the European Union. However, there are certain incentives available to businesses that invest in specific regions or industries.
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Value Added Tax (VAT)
The standard VAT rate in Croatia is 25%. However, there are reduced VAT rates of 13% and 5% for certain goods and services. Moreover, some exports and intra-Community supplies can be VAT exempt.
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Personal Income Tax (PIT)
The PIT rate in Croatia is progressive and ranges from 20% to 30%. There are also certain deductions and allowances available to taxpayers, such as tax relief for dependent family members and contributions to a pension plan.
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Incentives for Research and Development (R&D)
Croatia provides tax incentives for businesses that conduct R&D activities. These incentives include a tax credit of up to 50% of the R&D costs incurred in the tax period.
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Free Trade Zones (FTZ)
Croatia has designated several FTZs, whereby businesses can operate with reduced taxes and customs duties. Moreover, goods produced in these zones can be exported to the European Union and other countries without paying customs duties.
High quality of life
Croatia is a country that stands out for its unique characteristics, such as having three different climate zones - continental, mountainous, and Mediterranean - within a mere 400 km distance. From the gentle hills of Zagorje in the North, the fertile plains of Slavonia in the East, the lush forests and rivers of Lika and Gorski Kotar, to the mountain ranges and typical Dalmatian karst of Dalmatinska Zagora, and the indented coastline stretching from Istria to South Dalmatia with over a thousand islands, Croatia is a true world's treasure.
What makes Croatia even more special is its excellent transport connections, which allow for morning skiing at Bjelolasica and experiencing one of the most beautiful sunsets on the Adriatic coast only a few hours later. Additionally, there is an abundance of cultural activities and historical heritage, proximity to other European cultural and business centres, clean water and air, traditional and organic growing of agricultural products, and healthy Mediterranean lifestyle. These factors provide all the necessary conditions for a pleasant, high-quality life in any part of Croatia.
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