Croatia Residence Investor Program offers permanent residence and many other advantages to foreigners who want to relocate here. Particular foreign incomes registered in Croatia benefit from 100% tax exemption which makes this program quite appealing. Those interested in a Golden Visa in Croatia are invited to talk to our company formation agents in Croatia and find out more about the requirements that must be respected.
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What are the requirements for Golden Visa for Croatia in 2023?
Croatia Residence Investor Program requires no minimum investments from EU/EEA and non-EU/EEA nationals. However, one must prove he/she has sufficient or adequate incomes to sustain the living in Croatia without applying and asking for public funds. A health insurance is required to join this program, and the following conditions available in 2023 must be considered at the time of application:
- First of all, an application for a temporary residence permit is needed.
- The Certificate of reporting a temporary stay is needed. This has a validity of 5 years.
- Non-EEA citizens need a temporary work and stay permit that has a validity of one year.
- This program allows applicants to include family members too.
- The education background plus qualifications will be verified by the Croatian authorities.
Moreover, in the case of non-EEA citizens who want to join the Croatia Golden Visa, proof of ownership of at least 51% in a business with investment projects in the country is one of the important conditions.
There are advantageous tax exemptions when obtaining a Golden Visa in Croatia. Also, having a stable economy makes the country one of the most appreciated in Europe in terms of investments.
The permanent residence in Croatia comes with benefits
If you would like to apply for a Golden Visa for Croatia, you should know that there are many benefits offered. As mentioned earlier, there are advantageous tax exemptions for varied incomes of foreigners in Croatia. The economic stability, excellent living conditions, and the possibility of traveling without restrictions to the EU, Asia, and USA are quite appreciated by foreigners interested in a Croatia Golden Visa. If you would like to know more about the available investment programs and about how to register a company in Croatia in 2023, you can talk to our specialists.
If there is no minimum share capital for applying for a Golden Visa in Croatia, things change when it comes to citizenship. Here, a minimum investment of EUR 100,000 is required.
Is citizenship by investment available in Croatia?
Yes, foreigners who invest at least EUR 100,000 in Croatia have the possibility of accessing the citizenship program. Such an investment can be made in a company formation in Croatia where creating new job opportunities is required. There is an essential condition that must be respected for joining the Croatia citizenship by investment and that is to live at least 8 years in the country without interruptions. Foreigners can also buy properties instead of opening a company in Croatia to join the citizenship program. All the procedures and formalities for joining the citizenship by investment program in Croatia are straightforward and can be discussed with our agents. Plus, there is no obligation for you to come to Croatia for all the bureaucracies, as one of our company formation agents in Croatia can handle them in a fast and reliable manner.
In terms of benefits of the citizenship by investment program in Croatia, applicants can have dual citizenship and can access all the social systems available in the country. If you need accountants in Croatia for your business, we can offer professional services.
While permanent residency is obtained after living in Croatia for 5 years, citizenship can be gained after 10 years of living in this country.
Investing in Croatia in 2023
Croatia is quite representative from an investment point of view and provides not only stability from an economic point of view, but also other significant benefits like accessing a wide range of prolific markets, and a wide range of benefits and encouragements offered by the government. Sectors like tourism, food industry, IT, manufacturing, energy, engineering, textile, pharmaceuticals, medicine, and agriculture are quite prosperous in Croatia and often the choice of international entrepreneurs who want to generate profits in this country. A major role in the business environment is played by the skilled and multilingual workforce that can be considered by foreign investors in Croatia. Here are some interesting facts and figures about the economy and business direction of Croatia, that might help foreign entrepreneurs make investments in 2023 in this country:
- Nearly USD 38.89 billion was the total FDI stock for Croatia in 2021.
- World Economic Forum ranked Croatia 63rd on the Global Competitiveness Index for 2019.
- The financial and services sector absorbed around 30% of the total FDIs in 2019.
- The Netherlands, Italy, Austria, and Germany are the key investors in Croatia.
Frequently Asked Questions
Our team of company formation agents in Croatia has prepared a set of questions and answers to help you if you want to apply for Croatia Golden Visa. Once you have an idea about these formalities and procedures, you are invited to talk to us and find out how we can help you in this endeavor.
1. How can I access Croatia Golden Visa?
A Golden Visa for Croatia does not involve a certain investment to be able to live in this country. Foreign investors benefit from certain advantages, but all these aspects can be explained by our specialists.
2. What does it take to enter the Croatia Residence Investor Program?
A temporary residence permit is a necessary document to be able to access the Croatia Residence Investor Program. Formalities can be managed by our team of experts.
3. Can I access the Croatia Golden Visa program with my family?
Of course, family members can also be part of this program, but you need to keep in mind that you must have health insurance.
4. How can I obtain Croatian citizenship?
With a minimum investment of USD 100,000, foreign nationals can access the Croatia Immigration by Investment Program, which provides citizenship in this country. This minimum investment can be directed to a new company in Croatia and job creation.
5. What formalities are required for Croatia Golden Visa?
In addition to preparing a valid passport and health insurance, applicants for the Golden Visa in Croatia must also provide information about their financial situation. More details about the formalities of this program can be discussed with our specialists.
6. Is a physical presence required in Croatia to access the Golden Visa program?
Foreign citizens who want to apply for Croatia Golden Visa are not obliged to travel to this country. The whole process can be supervised by our experts with experience in immigration issues.
7. When is Croatian citizenship obtained?
Resident foreigners applying for Croatian citizenship can obtain this status if they have already lived in this country for 8 years, without interruption. But there is also the possibility to gain citizenship faster if you buy a property in Croatia.
8. Are there any benefits to receiving taxation if you obtain a Croatia Golden Visa?
Yes, there are various advantages offered by Croatia Golden Visa, including an advantageous taxation system. Some applicants may enjoy the elimination of certain fees.
9. Is dual citizenship allowed in Croatia?
Yes, Croatia does not reject dual citizenship, so applicants can also enjoy their nationality. More details in this regard can be provided by our experts, so do not hesitate to get in touch with them.
10. What are the benefits of the Croatian passport?
Foreign citizens who have obtained Croatian citizenship can enjoy the benefits of a Croatian passport. It allows unrestricted access to countries in the EU, USA, and Asia.
How our specialists can help you
Croatia Golden Visa is a special program for foreigners who want to obtain permanent residence and enjoy the advantages offered in this regard. As the formalities may seem complicated for foreigners who want to enter this program, we need the specialized support provided by a team with experience in the field.
Our specialists can handle the requirements of clients interested in Croatia Golden Visa and can provide the necessary help to avoid possible rejected applications. We rely on professionalism and efficiency every time we work with our clients because we want to offer the best solutions, adapted to the needs of anyone who decides on working with us.
Some statistics on immigration in Croatia
Croatia is a favorite destination for foreigners looking for better living conditions and development opportunities. According to immigration statistics for 2020, about 20% of foreigners who relocated to the country preferred the city of Zagreb, the capital of Croatia, while about 11.4% moved to the Istrian region. While more than 34,000 Croats left the country in 2020, another 33,400 already moved to Croatia.
Of the total immigrants to Croatia, over 28% come from Bosnia and Herzegovina. It is interesting to note that foreigners who relocate to Croatia are mostly women, with a percentage of over 74%, according to the same statistics.
Need more about Croatia Golden Visa? Please feel free to contact our company formation agents in Croatia and discuss further details. Our team can also manage the company formation process in Croatia, if you intend to do business in this country.