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Post by totalcroatia on Apr 18, 2014 16:45:59 GMT 1
Buying agricultural land as a foreigner. Still not allowed as far as I know except by forming a Croatian company (expensive option). Looking for way round it for a friend. One option I think is an irrevocable power of attorney from the seller, including rights to sell to a new buyer, transfer ownership into the foreigner's name once the law changes. Does anyone have experience/suggestions on how to do this?
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Post by ZAD on Apr 18, 2014 19:05:22 GMT 1
In days gone by you could have a never-ending power of attorney, but these are rarely accepted now, so an irrevocable one is probably out of the question. They must be renewed annually.
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Post by gmh on Apr 18, 2014 19:16:56 GMT 1
Really long lease ? Just came to mind.
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Post by fidobsa on Apr 19, 2014 20:15:10 GMT 1
I suppose it depends on what you want to do. If you want to earn a living through agriculture of your land you need a company anyway. I managed to find a property that is in a quiet location on the edge of a small village but comes with options to cheaply rent the surrounding agricultural land and buy that land if and when the law changes.
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