Tourist Rental Laws
Hello - I'm new to this forum which I have just discovered. I have property in Istria and live in UK. Am battling to get equal rights for foreigners wishing to rent out their property for tourist lets.
Another very discouraging fact which makes property investment in Croatia very unattractive is the fact that non nationals can no longer get categorization to rent to tourists even through d.o.o. - so bad luck if one did not make it in time by end of 2007. The fact that this is (for British citizens) contrary to the bi-lateral agreement with the UK signed in 1998 for the Promotion and Protection of Investments seems to elicit a total non-response from anyone. However my MP has taken this up in parliament here but progress is very slow. In the meantime many of us are suffering financially and in turn the Croatian Tourist Board are not doing themselves any favours by discouraging these lets which would bring in a substantial amount of the tourists their economy depends upon. Neither does it promote goodwill among the foreigners who unwittingly invested albeit under the previous discriminating laws. Perhaps the reduction in tourists predicted for this year will elicit some change - I have seen that Bajs (Minister of Tourism) is considering a reduction of VAT in for those engaged in providing tourist services for NEXT year - of course, they could not consider for this year that would be far too swift.
If anyone has any further information on this subject I would be very glad to hear it.
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