tomB
New Member
Posts: 6
|
Post by tomB on Jan 20, 2005 1:13:40 GMT 1
Dobar Dan I travelled to Croatia this year and absolutely loved the place. I have been to many countries including Greece, Spain and parts of Australasia and so far nothing compares. The coast is beautiful and the people are more thay friendly  I am looking to buy a property in Croatia and have been advised that I can set up a company without visiting Croatia. ie Open a bank account and set up the company via a lawyer with power of attorney. Can someone please confirm that this is in fact correct. Can anyone suggest a good lawyer if this is possible. Hvala Puno !! Tom |
|
|
|
Post by Culchie on Jan 20, 2005 17:03:13 GMT 1
|
|
|
|
Post by Andrea on Jan 20, 2005 17:53:45 GMT 1
I run the UK office of Dream Property Croatia (an estate agent) and I would recommend checking out the private buyer route as well as the company route. Unless you are buying an expensive property, setting up a company is unlikely to be necessary and so just an unwelcome expense. Please ask around and don't rush into anything. We run free information seminars in the UK and Ireland if you want to find out more about buying in Croatia. Please go to our website for more details: www.dreamcroatia.com |
|
Ines
Junior Member
Posts: 10
|
Post by Ines on Jan 20, 2005 22:49:42 GMT 1
Hi Tom, We at Croatia Properties advise whether this is the convenient route for you and your circumstances. This could be that you need to get the property registered in the Land Registry more quickly or that you need a quick registration in order to apply for planning permission. By setting a company in Croatia for buying property you can claim the VAT back but if you also establish a company, you will have a liability to make regular returns. You will need to contract an account in order to make those returns, which will cost a modest amount each time. The risk you run by no making the returns is of the company being closed with consequences for its assets like your property. Forming a company does not automatically register you for PDV (VAT) .You would need to register with the tax authorities for it and you will incur a liability for submitting regular returns. If you put yourself in the PDV regime, you'll be liable to charge PDV on all sales. This could have implications when you want to sell your property. A Croatian lawyer will have to check that your choice of name is acceptable. Once the name is agreed, it will need to be registered with the Trade Court appropriate to the area you will operate in. The time for this varies from a few days to six weeks, depending on the court. Your lawyer will also have to register your company with the tax office and get a statistical number and this is usually achieved with specific powers of attorney to save you from regularly having to go to Croatia. There is a minimum share capital of the equivalent of 20,000 kunas (about £1,800), although this can be recycled into your purchase. I hope this help you too. Regards Ines Croatia Properties www.croatiaproperties.biz |
|
tomB
New Member
Posts: 6
|
Post by tomB on Jan 21, 2005 0:21:41 GMT 1
Still waiting on an answer... does it seem reasoable that I can set up a bank account and Company in Croatia without being present  Any help on this will be greatly appreciated Kind regards Tom |
|
|
|
Post by Culchie on Jan 21, 2005 1:20:57 GMT 1
If you grant a lawyer POA then they can do it for you, and it is perfectly legal.
Whether you are comfortable with that is up to you, I guess you have to have trust in your lawyer.
|
|
