The second most developed economy in the Balkans (behind Slovenia), Croatia is one of the world’s top tourist destinations, with more and more visits each year.
Spectacular and largely unspoilt Adriatic coast drives millions of tourist each year. Recently, continental tourism has also seen an increase, in no small part due to the Croatian capital of Zagreb.
All of this has made great effect on country’s real estate market, which suffered after 2008, but has seen steady continuous growth in recent years. While a lot of the real estate sector is focused on tourism, there are a lot of great opportunities for urban development as well, with Croatia’s several big cities seeing an increase in demand for housing due to expansion.
Though the country has few mineral resources, around a third of its territory is covered in forest, and lumber has traditionally played an important role in the economy.
With tourism playing such a big role in countries economy, it is not surprising that services account for around 70% of Croatia’s GDP, employing around 70% of the population.
The country returned to growth in 2015 and is currently undergoing economic reforms, with one of those reforms being the big Tax reform, which led to Croatia having one of the lowest CPT rates in EU, with it being as low as 12%.
Trade is important to Croatia’s economy, and investors can expect to benefit from low-weighted tariffs.
With offices across Croatia, HLB firms provide the full range of audit and consulting services.
HLB Croatia is a professional, dynamic organization that is completely market oriented. Our employees are a guarantee of high-quality services and professionalism which is also one of the fundamentals of our organisation. Our team of experts has been providing high quality professional services since 1993.
- Business Cosnulting
- Financial Reporting
Latest insights, case studies and news from across the network
How vulnerable is the food supply chain to a cyber-attack?
Cyber-attacks on businesses are increasing, and it’s not just digital or finance businesses which are at risk. How can food supply chain protect themselves from a cyber-attack?
HLB Cybersecurity Report 2021
As we emerge from lockdowns and government restrictions caused by COVID-19, more companies across the globe are adopting hybrid work models. In doing so, CTO’s and IT managers face heightened...
How technology can help us to build more sustainable real estate
Pressure is mounting on the real estate industry to increase it’s focus on building sustainably. How is technology helping the construction industry build safer and more sustainable real estate?
Get in touch
Whatever your question our global team will point you in the right directionStart the conversation