Citizenship by Investment in Croatia

updated on
May 21, 2023
Citizenship by Investment in Croatia

In addition to having an excellent quality of life and having achieved a high degree of economic development, Croatia is a state that is a part of the European Union. In addition to that, it offers very promising prospects in the business world.

Croatia has a welcoming and conducive economic environment coupled with business-friendly policies for foreign investors. If you invest in the country, you can become a citizen of Croatia, which comes with various perks. Investing your way to Croatian citizenship is an initiative to lure as many potential foreign investors from other nations as possible to begin new ventures and invest their capital in the economy.

If you are interested in becoming a citizen of Croatia through investment, we suggest you to contact one of our consultants who are specialised in the formation of Croatian companies who will be able to assist you in completing the processes that are necessary to achieve this goal.

Who is Eligible to Receive Citizenship by Investment in Croatia in 2022?

By investing in Croatia, investors from both inside and outside of the EU/EEA are eligible to apply for a residence visa, provided they meet the essential requirements, such as:

  • The establishment of a company or business within the borders of Croatia.
  • If you are an outsider looking to own a business in Croatia, your best bet is to establish a limited liability corporation or DOO.
  • To get started, you must make an initial investment of at least 200,000 Croatian Kuna, which is equivalent to around 27,000 Euros. Additionally, you are required to hire at least three Croatian workers.
  • Registration for taxes is a legal requirement for all citizens of Croatia.

Following the approval of the application to find a corporation, the subsequent step is to apply for a resident visa. At this point, the requirements that were outlined before becoming applicable. It is highly recommended to speak with an expert on company creation in Croatia regarding the residence by investment program and the general conditions for 2022. This may be done by contacting one of our experts on company creation in Croatia.

Obtaining Legal Permanent Residence in Croatia

Those who have been living in the country for at least 5 years are the only ones who can apply for permanent status as residents. This is the primary condition you need to satisfy to be considered for an award of this calibre. If you have lived in Croatia for longer than 5 years, you may also be eligible to apply for citizenship and take advantage of the privileges that come along with that status. In this particular scenario, it is vital not to forget that Croatia does not prohibit citizens from holding more than one citizenship at a time.

Investment Requirements for EEA and Non-EEA Citizens in Croatia

There are no minimum investment requirements for natural individuals seeking permanent residency in Croatia, which means they can apply at any time. One of the most significant restrictions set by the Croatian government is that applicants must demonstrate that they have spent the previous 5 years continuously residing in Croatia. When it comes to investing, things are handled differently for foreign investors interested in obtaining this status.

Documents for Permanent Residence Permit in Croatia

Only after living in Croatia for at least five years without interruptions would a person be eligible to apply for Croatian permanent residency. You need to have adequate funds to sustain yourself and your family in Croatia to be eligible for a Croatian permanent residence visa. Additionally, you must have health insurance and a basic comprehension of the Croatian language and culture.

Short Guide for Opening a Business in Croatia in 2022

One of the most common forms of business organisation in Croatia is a limited liability corporation or DOO as it's known in Croatia. This can be done with a minimum share capital of EUR 2,500, which needs to be deposited into a bank account in the country using the country's currency. No complicated steps are required to set up an LLC/DOO in Croatia in 2022, and the Articles of Association are used as the basis for each new company established in that country.

A DOO in Croatia must have at least one director or president in charge of management responsibilities. The director or president can be Croatian or a foreigner. This requirement applies to both Croatian and non-Croatian owned limited liability corporations. It's essential to check with the Trade Register to ensure the name you've chosen for your business is available for commercial use. As soon as the necessary paperwork has been approved, the company should be registered for tax purposes.
The following are some eye-opening statistics on Croatia's economy and business:

  • More than 30 billion dollars' worth of foreign direct investment flowed into Croatia in 2019.
  • When it comes to making it simple to start and run a business, the World Bank's 2020 Doing Business report ranks Croatia 51st out of 190 nations. 
  • In 2019, Croatia's greenfield investments totaled approximately USD 1.5 billion.
  • Many international investors look at Croatia's tourist potential, high-quality infrastructure, and well-trained personnel when deciding where to locate their operations.

Are you interested in obtaining residency in Croatia in 2022 through investment? If yes, and you have any questions, please don't hesitate to get in touch with our team of Croatian business formation agents. We can assist you with establishing a company in Croatia and skip the legal hurdles associated with the process.

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