While often it seems like the world is getting smaller in finding hidden investments there are still pockets of the world where it is possible to find a sound investment before everyone else realizes its full potential.
Croatia is just such a place!
With its competitive and affordable workforce, geographic centrality, and dozens of other perks, Croatia is worth having a look at.
Here are a few reasons to consider it!
Travelers recognize the value of Croatia
Beautiful weather, over 1,000 islands, and 6,000 km of coastline along with the crystal clear Adriatic Sea make Croatia one of the world’s best holiday destinations. Its affordability, too, has added it to the must-see locations in Europe for tourists.
It’s surprising when you look at the numbers.
Each year, more international tourists visit Croatia than, for example, Australia. And Croatia is serious about investing in tourism: hotels reconstruction and renovation, convention centers, campsites, nautical tourism harbors, and theme parks.
Tourism accounts for 12.5% of Croatia’s GDP in 2016. in comparison to 18,01% of GDP in 2019, which indicates that tourism is one of the most lucrative Croatian industries to invest in.
Transportation Infrastructure of Croatia
Business shipping and logistics require easy-to-navigate highways and transportation channels, and Croatia is proud of its infrastructure.
Its highways are modern and effective, and its six primary seaports are ready to accept and send off global cargo shipments. Additionally, its nine international airports connect the country to the entire world.
Croatia is and will continue investing in its transportation, telecommunications, and energy infrastructure as well as other upgrades and expansions
The Benefits of Doing Business from an EU Country
As the newest member of the European Union, Croatia now has access to the rest of the EU and the business opportunities that it provides. Businesses can import and export goods within the EU without restrictions, opening up the greater part of the European market with little effort.
Additionally, Croatia has access to €1 billion of the EU Structural Funds each year, much of which is used to promote entrepreneurship.
Foreign investors who set up businesses in Croatia have equal access as domestic companies to compete for those funds.
The Workforce is Talented, Affordable, and Multilingual
As English is often the preferred language for global investments, Croatia is worth a second look: 49% of the population speaks English (compare that to India, where 12% of the population speaks it).
Additionally, 34% of the Croatian population speaks German, and 14% Italian, making its population remarkably multilingual: a key factor for many businesses.
Finally, Croatia’s population is innovative: the tie, the ballpoint pen, the parachute, the tungsten light bulb, the torpedo, the azithromycin antibiotic, the electronic speedometer, dactyloscopy (finger printing), the MP3 player, and the world’s fastest electric car (Rimac Automobili), to name a few, were all created by Croatians.