We are selling a historic restaurant located in the first row to the sea on the sunniest Croatian island of Hvar. The restaurant is a part of the historic building, and as such, it entirely exudes its historical charm. In addition to its fascinating inner part, the restaurant has a terrace next to the sea, as well as an additional building particle (also in the first row to the sea) of approximately 200 m2 which can be used either to extend the terrace or to build a new building.
The restaurant currently has 100 indoor and 80 outdoor seats. Given that the municipality has a plan to extend the existing marina that is right next to the restaurant, with the aforementioned extension, there will be an additional 80 seats.
As for the culinary restaurant whose guests were Croatian presidents and many prominent, its availability and equipment afforded the new owner a continuation of business without any additional stress and investment.
These are questions and answers on some frequently asked questions about real estate in Croatia, for any other questions feel free to contact us or come to our office and we will be glad to help you.
Foreign nationals belonging to EU Member States can purchase real estate in the same way as Croatian nationals. Foreign nationals belonging to non-EU countries can purchase real estate in Croatia with cumulatively fulfilled two conditions: reciprocity agreement with the Republic of Croatia and consent of the Ministry of Justice.
The Republic of Croatia has a unique real estate tax rate of 3%. The amount of tax is determined on the basis of the price from the contract of sale and the assessment of the competent tax administration. According to the law, the buyer pays tax on the received solution only once.
The tax is also 3%, so each property owner pays 3% of the estimated value of the property for the new property when swapping.
The tax liability arises at the time of the conclusion of the contract or other legal transaction that acquires the real estate. The notary is obliged to submit one copy of the document to the Tax Administration within 30 days from the signature on the sale documents. The taxpayer is obliged to pay the determined tax within 15 days from the delivery of the decision on determining the real estate sales tax.
A down payment is an insurance that the buyer pays to the seller as a sign that the contract has been concluded and a certainty that the obligation will be fulfilled. In practice, the down payment is given on the Pre-contract and is usually 10% of the agreed purchase price. In case of fulfillment of the contract, the down payment is calculated in the total amount of the agreed purchase price.
In principle, no. Every sale in the Republic of Croatia must be paid in HRK. If a foreign currency payment is made, the bank will convert to HRK.
Yes, if it is a citizen of the Republic of Croatia then it is best to certify the contract with our diplomatic mission. If it is a foreign national then with the notarization of the purchase contract with a public notary, the Apostille of public document issued in that state is required.