Presentation on theme: "Croatian Privatization Fund REAL ESTATE IN CROATIA INVESTMENT OPPORTUNITIES."— Presentation transcript:
Croatian Privatization Fund REAL ESTATE IN CROATIA INVESTMENT OPPORTUNITIES
CONTENTS REAL ESTATE REAL ESTATE REAL ESTATE SALES TAX ACT REAL ESTATE SALES TAX ACT OWNERSHIP OF REAL ESTATE BY FOREIGN CITIZENS AND ENTERPRISES OWNERSHIP OF REAL ESTATE BY FOREIGN CITIZENS AND ENTERPRISES PUBLIC TENDERS PUBLIC TENDERS PUBLIC PRIVATE PARTNERSHIP PUBLIC PRIVATE PARTNERSHIP PARTNER’S INTERESTS PARTNER’S INTERESTS PROPERTY FOR SALE PROPERTY FOR SALE HOTEL PARK IN CRIKVENICA HOTEL PARK IN CRIKVENICA HOTEL HRVATSKA IN BAŠKA VODA HOTEL HRVATSKA IN BAŠKA VODA CAMP UVALA SLANA IN SELCE CAMP UVALA SLANA IN SELCE INVESTMENT CLIMATE INVESTMENT CLIMATE CONTACT US CONTACT US
REAL ESTATE Home Home The CPF has formed a new Department, Real Estate Property Department, responsible for sale and management of real estate property from its portfolio A list of properties available for sale can be provided upon request or can be found on the website Real estate property will be offered for sale through Public Tenders, Public Private Partnerships and lease
REAL ESTATE SALES TAX ACT Home Home The tax on real estate sales is assessed and paid pursuant to the provisions of this Act. In other words, real estate sales are all acquisitions of the title to real estate (hereinafter acquisition of real estate) in the Republic of Croatia. The acquisition of real estate is the purchase, replacement, inheritance, conferral and appropriation of real estate from a company, the acquisition of real estate undergoing liquidation or bankruptcy, acquisition on the basis of the ruling of a court or other body and other methods of acquiring real estate from other persons. In the sense of this Act, real estate are land and buildings. Land is considered as all agricultural fields, construction sites and other land containing residential, commercial or other buildings and their components. The tax base for real estate sales is the market value of the real estate at the moment of acquisition and amounts to a rate of 5 percent. The details of the Real Estate Sales Tax Act can be found in the Official Gazette of the Republic of Croatia/, no. 69/97 and 26/00.
OWNERSHIP OF REAL ESTATE BY FOREIGN CITIZENS AND ENTERPRISES Home Home The right of ownership is guaranteed by the Constitution (Article 48) This provision is also applicable to foreign persons The Law on Ownership and Other Property Rights (Official Gazette of the Republic of Croatia/, no. 91/96, dated November 28, 1996) regulates the real estate rights of foreign persons (Articles ) The legal system allows foreign persons to acquire ownership of movable property without restrictions Until recently, foreign persons carrying on a business activity in Croatia (even if they did not incorporate) could acquire ownership of real estate without any approval However, the law HAS CHANGED and now foreign nationals are required, if personally purchasing real estate, to obtain an approval from the Ministry of Foreign Affairs and the Ministry of Justice For purposes of acquiring immovable property, a person without Croatian citizenship is considered a “foreign person” whereas a legal entity is a foreign person with a registered seat abroad. Croatian emigrants may acquire ownership of real estate under separate provisions of the Law.
PUBLIC TENDERS Home Home Model used for sale of real property Public Invitation to Tender is published in the media and on CPF’s website (www.hfp.hr) Tender updates, specific details of real estate property will be sent by direct notifications to potential investors Interested bidders may purchase Tender Documentation and visit the property Initial Tender Price and Deadline for Submission of Bids are specified in the Tender Notification Bidders and/or their authorized representatives may be present during the public opening of the bids In selecting the winning bidder, the key criteria include the offered price as well as future development proposals for the property
PUBLIC PRIVATE PARTNERSHIP Home Home Any cooperation between public bodies and private companies tends to be referred to as Public Private Partnership (PPP) Partners have different project participation interests while their collaboration makes the project more profitable and efficient Private companies are often more efficient and better run than bureaucratic public bodies Know-how of private companies ensures development and realization of quality concepts
PARTNER’S INTERESTS Home Home Public Economy incentive policy Investments Employment growth High quality services Private source of financing Private Business enlargement Know-how, innovations Economic efficiency Better business activities Long term profitability
PROPERTY FOR SALE Home Home The following properties are intended for sale over the next months: Hotel Park in Crikvenica Hotel Park in Crikvenica Hotel Hrvatska in Baška Voda Hotel Hrvatska in Baška Voda Camp Uvala Slana in Selce Camp Uvala Slana in Selce
HOTEL PARK IN CRIKVENICA Home Home Hotel Due to its natural beauties, romantic bays and beach with facilities, Crikvenica has been attracting the tourists from all over the world for many years. The town is actually the Sea Riviera, that is 15 kilometers long with the whole range of urbanely connected tourist resorts such as Selce, Dramalj and Jadranovo. It takes you one day to get to Crikvenica- situated in the most beautiful part of the Croatian Mediterranean sea-by road from the most distant parts of Europe. The hotel Park is situated in the very centre of Crikvenica, in the park, only 50 meters away from the sand beach.
HOTEL PARK IN CRIKVENICA Home Home Accommodation and Board The Hotel Park has a total number of 124 rooms and five apartments. These rooms are single bedded and double bedded rooms with one or two auxiliary beds with bathrooms, equipped with telephone and TV, while apartments are equipped with satellite TV and mini bar. Almost all rooms have a balcony on the sea side or have the park view. The restaurant with 250 seats and summer terrace with 80 seats has besides the board even the á la carte offer. Even the people who are hard to be pleased will be satisfied with the high quality and rich gastronomy offer. Besides the salad and desert bar, during the year the guests are offered the traditional or buffet breakfast, lunch and dinner, having the opportunity to choose between three menus, while during the July and August the buffet breakfast and dinner are offered. During the summer months the guests may enjoy the wide range of drinks and cocktails on the summer terrace of the cafe bar.
HOTEL PARK IN CRIKVENICA Home Home Facilities The conference room is equipped with 80 seats and is convenient for organizing shorter seminars and professional meetings. The youngest guests will also find its place in the play-rooms, while the older ones will enjoy the dancing evenings on the hotel terrace or can be entertained in the Pan night club. Crikvenica is famous for an interesting nightlife, and due to vicinity of the other Croatian towns such as Opatija, Rijeka, Zagreb - it is appealing to young people who hardly wait to enjoy the sea and entertainment. Location Crikvenica was built on the ground of the ancient Roman settlement Ad Turres. It was named after the church, which used to be the Paulist monastery erected in 1412 by the viceroy Nikola Frankopan. Apart from being easily reached from the hinterland and apart from having beautiful sandy beaches, the development of tourism in Crikvenica is influenced by very favorable climate with dry and warm summers and insignificant number of windy days, which prevail in the winter part of the year. Crikvenica is famous not only for numerous villas and hotels, but also for the health resort opened in 1906 as well as high pureness of the sea, which is the reason for its being awarded the European prize - Blue Flag. The town's harbor or any small harbor will provide a resort to a great number of sea navigators and on the biggest Adriatic island Krk - only twenty kilometers away from Crikvenica - there is a Rijeka airport.
HOTEL PARK IN CRIKVENICA Home Home
HOTEL HRVATSKA IN BAŠKA VODA Home Home Hotel Due to its beauty and top-quality service, Makarska Riviera has been attracting numerous tourists for many years. It is a region of mild Mediterranean climate with a total of 2700 sun hours per year. The "Hrvatska" hotel is located in Baška Voda, one of the most visited seaside resorts in this area. Accommodation and Board Situated on the coast in the immediate vicinity from the town centre, the Hrvatska hotel presents an ideal choice for a family holiday. It has 128 double rooms with optional auxiliary bed and 8 apartments. All rooms have a bathroom and a balcony with a gorgeous view on the sea, islands, pinewood, Biokovo mountain or Baška Voda. A diverse gastronomy offer will indulge the whims of the most demanding gourmets. The rich menu is thus created on a daily basis according to a survey conducted among the hotel guests the day before. Abundant buffet, à la carte restaurant and aperitif bar will supplement a rich offer.
HOTEL HRVATSKA IN BAŠKA VODA Home Home Facilities For various conference sessions and meetings, the hotel has a conference room with 250 seats available. A splendidly decorated fountain dominates the interior, where the special literary evenings with candles and music are held. In the hotel lobby there is a small souvenir shop providing guests with items that evoke reminiscence of the unforgettable holiday. Besides the beach accessories, canoes and scooters for rent, the accessible and the long pebble beach offers entertainment on the accompanying facilities like water switch-back as well, while bathers can have rest and refreshment in a café bar or can eat a tasty pizza or spaghetti in a pizzeria within the beach complex. The unique flora and fauna, well preserved eco-systems and fresh air of the Nature Park Biokovo are a true magnet for numerous tourists. You can reach St. George (Sv. Jure), the 1762 m high top of the mountain. One-day trips are organized every day and offer sightseeing of the Dalmatian towns of Šibenik, Trogir, Split and Dubrovnik as well as Krka waterfalls, one among many of the Croatian national parks. Boat excursions are also organized to the neighboring islands of Brač, Hvar, Korčula and Mljet.
HOTEL HRVATSKA IN BAŠKA VODA Home Home Location The town of Baška Voda is situated 10 km northwest from Makarska and has 2200 inhabitants. It is famous for its long pebble beaches, pinewood and small stone made port. The today's settlement has a baroque Church of St. Lawrence (Sv. Lovro, 1750) and a parish Church of St. Nicholas (Sveti Nikola) built in 1889, next to which a few medieval tombstones are to be found. Bast, a typical village built on the foot of the Biokovo mountain with little white stone made houses, is situated on the above the town, on the slopes of the Biokovo mountain. The town of Makarska, with its inhabitants, is a cultural, economic and tourist centre of the Makarska Riviera. It originated from the village of Muccrum, situated on the foot of the Biokovo mountain, first mentioned in 533, and has had the today's name since 16th century. The Seashells Museum of the Franciscan monastery in Makarska, with its attractive exhibit of shells and sea snails, is considered as one of the most famous collections of the kind.
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CAMP UVALA SLANA IN SELCE Home Home Camp A small resort and a small harbour Selce in which there is a camp Uvala Slana is situated between Crikvenica and Novi Vinodolski, only 25 kilometers away from the Rijeka airport, and the Vinodolski Valley is situated in the hinterland. Through the coastal promenade Selce is connected with Crikvenica, and at the end of this promenade path, in the direction of Novi Vinodolski, there is a camp Uvala Slana. Accommodation and Board The camp has 230 camp sites out of which it has 20 are their own caravans. The accommodation offer of the camp consists of ten more bedded rooms in the constructed building, in which showers and WC on the floor are available. Within the camp there is a receptionist's desk, telephone, two public phone booths and stands with fruit and vegetables and beach accessories. In the accommodation with arranged half board and board services, besides the half board food, the restaurant in the camp offers the food as ordered and in the wine cellar you can try specialties characteristic for this region: octopus, lamb or veal roasted under the bell. The guests on the beach may enjoy the á la carte restaurant food or can refresh themselves with cold drinks and cocktails in the bistro. This region is famous for sunshine, sea and good wines: Žlahtina, Vodica, Malvazija, Teran and Plavac, and you will find them all in every wine card.
CAMP UVALA SLANA IN SELCE Home Home Facilities After the guests have enjoyed the sun and swimming, they can relax dancing on the terrace of the á la carte restaurant. The rent out of the pedal boats, table tennis, volleyball on the sand, tennis, different games for children will make the vacation of every guest more complete and comfortable. Location Selce is a famous bathing place, situated near the highway and is 3.5 kilometers away from Crikvenica. The island of Krk - the biggest Croatian island famous for vineyards is situated opposite Selce and you can reach it by boat or organized trip boats. At the beginning of the last century the expansion of this resort by the coast is to be associated with the development of Selce as a tourist destination. In the old part of the resort the original coastal architecture remained intact with the yards fenced by high walls. Novi Vinodolski is situated a few kilometers southeast from Selce, which is famous for the Vinodol's Code book - an old Croatian monument of the common law written in Glagolitic script in This region with mild Mediterranean climate, rich cultural and historical tradition has been appealing to the tourists all over the world for many years.
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INVESTMENT CLIMATE Home Home Whether for business or pleasure, Croatia offers investors strong advantages: COMMUNICATIONS Modern communication systems: Croatian Telecom’s provides reliable world digital and ISDN communication High standards of transport infrastructure: Frequent international and domestic flights to strategic regional airports; a developed, rapid internal road system with links to main European highways Established rail and port shipping channels EDUCATIONAL FACILITIES Educated and skilled workforce: Multi-lingual graduates available in all required business disciplines; diverse faculty resources to meet the needs of training, research and consulting projects; high vocational and trade skill availability with a solid quality ethic; management cadre with strong international business experience Established International Schools
INVESTMENT CLIMATE Home Home BUSINESS INFRASTRUCTURE Reform of the legal and regulatory environment in line with European Union standards Use of international accounting standards Strong presence of the international banking community Representative offices of the most renowned international companies already in place QUALITY OF LIFE More than a thousand islands Inhabited ancient and medieval cities: including Dubrovnik, renowned for its medieval Old City walls; and the UNESCO-protected town of Trogir Unique monuments of culture: Diocletian's Palace, nucleus of the 2000 year old city of Split; Roman Amphitheatre, located in the center of the coastal town of Pula; Saint Donat's Church in Zadar, dating back to the early 9th Century
INVESTMENT CLIMATE Home Home GEOGRAPHIC ADVANTAGE A unique investment opportunity in a growing and dynamic economy that is geographically well positioned with excellent connections to European and global markets The Government of Croatia actively encourages foreign direct investments to stimulate the economy.
CONTACT US Home Home More detailed information on investment opportunities please find at our web site: ZAGREB, IVANA LUČIĆA 6 Tel: Fax: Fax: