Karanovic & Nikolic

New system for the purchase and sale of real estate in Croatia for Russian citizens

Russian citizens are no longer required to set up a company in Croatia in order to be able to purchase real estate. Real estate may now be purchased by Russian natural persons as well.

The Croatian Ministry of Justice has recently changed its practice and has begun consenting to the purchase of real estate in Croatia by Russian citizens. For now, this change has only been implemented through the practice of the Ministry of Justice, while the actual changes in the Ownership and Other Proprietary Rights Act should follow…

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