The moratorium on buying agricultural land by foreigners in Croatia has been lifted

Moratorium on buying agricultural land by foreigners in Croatia is lifted

The moratorium on EU physical persons and companies buying agro lands in Croatia was not prolonged from July 1st, 2023.
It means that EU private and corporate buyers got an opportunity to buy agricultural properties in Croatia. For many years it was neessary to form a local Croatian company for that purpose and maintain it. Now local company formation will no longer be needed. This news is exciting for commercial real estate buyers as it opens up a whole new world of investment opportunities within the country.

With an abundance of fertile soil suitable for farming or ranching activities, there are plenty of possibilities when it comes to investing in agricultural land in Croatia – from vineyards to olive groves and beyond! Lifting this ban also allows foreign investors access into one of Europe’s most rapidly growing economies which could potentially lead them towards lucrative financial gains over time if their investments prove successful. In fact many experts believe that removing this restriction could have long term benefits not only for those who wish to invest but also for local farmers who may benefit from increased competition within their industry leading towards better prices paid out per crop yield etc.. All things considered then; now is certainly an opportune moment for potential commercial real estate buyers looking at getting involved with agro lands in Croatia. Agro lands in Croatia offer a variety of possibilities for real estate buyers interested in building on these properties. The Croatian government and local laws provide clear guidelines that must be followed when constructing on agro land, allowing buyers to make informed decisions about their investment. Additionally, OPG (agricultural holdings) and small OPG (agricultural enterprises) are available options that can help facilitate the process of construction while complying with all applicable regulations.

When considering an investment into agro lands in Croatia, it is important to understand the various legal requirements associated with building there. According to Croatian law, any construction projects must abide by certain standards set forth by environmental protection acts as well as other regulations related to rural areas or protected landscapes; failure to do so may result in fines or even removal of structures from the property at buyer's expense. Furthermore, if a buyer wishes for their project plans involve agricultural activities such as farming or animal husbandry then they will need obtain permission from relevant authorities prior beginning work on site due existing restrictions around agricultural use within certain regions.

OPG and small OPGs offer potential solutions for those looking build upon land designated primarily for agriculture purposes without breaking local laws: both allow individuals purchase parcels of farmland which can then used develop residential dwellings provided they adhere strict rules determined each particular region where property located. This type ownership structure allows investors enjoy benefits owning private homes while still being able participate commercial agricultural activities through leasing out portions farm acreage others who wish grow crops raise livestock. There are many EU investors who are targeting agro lands over 3 hectares (suitable for OPG) to build 400 sq.m. building with 1000 sq.m. underground space as a luxury villa surrounded by nature, vineyard or olive grove. It is not a secret, that large agro lands on the islands are much cheaper than urban lands on the mainland. Buying huge agro lands, potential buyers can build unique luxury 5***** estate for themselves, with private exit to the sea, moorings, etc. Ultimately, understanding how utilize these special entities create ideal situation within framework established by Croatian law is a key to successful real estate investments involving agro lands country and more actove turnover of agricultural lands.

Please, note that lifting the ban won't concern the buyers outside EU. For them the procedure of establishing local Croatian company for agro land purchase will continue to be the same.

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Tuesday, April 18, 2023 - 20:20

Can foreigners buy real estate in Croatia?

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New International School in Split

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