Economic Overview and Business Opportunities in Croatia
With attractive incentives and free services available, there are plenty of reasons to explore business opportunities in Croatia. But what is its economic overview like?
Like many countries, Croatia did suffer a setback during the Covid-19 pandemic. But thanks to the National Recovery and Resilience Plan (NRRP), Croatia’s GDP did expand by 10.2% in 2021. Moving forward, it is predicted that the country’s GDP is only going to expand even further.
Economic stability is one of the strongest points Croatia has on its side. With the EU set to channel funds into Croatia amounting to $30 billion through 2030, the economy is set to receive a significant boost. Croatia keeps catching the eye of many investors because of the attractive incentives the Government has in place for foreign investment too.
Economic growth in Croatia is expected to moderate going forward as business and consumer sentiment remains strong. Underpinned by its recovering tourism sector, the economy is expected to grow steadily, resulting in a positive economic outlook overall.
You’d be surprised at just how innovative and competitive Croatia’s business-oriented environment can be. With a multilingual workforce, investors will find no shortage of talent to fill the roles they need.
Croatia is a republic that is ripe with opportunity. There are many key sectors investors can explore. This includes food, energy, agriculture, tourism, automotive, ICT, metal, and pharmaceutical. Thanks to its very strategic location, Croatia’s well-developed infrastructure network offers a lot of opportunities to expand to other parts of Europe.
60% of Croatia is powered by its services sector. This means that tourism is definitely one of the best sectors investors can consider exploring in terms of starting a business. In fact, the tourism sector is the country’s largest foreign revenue source. Tourism is a wide field with opportunities to branch off in several directions.
Investors who are keen to explore other avenues besides tourism can also consider the banking sector too. The telecoms sector, manufacturing, power, and pharmaceuticals are among some other options that are open to foreigners with the means to start a business in Croatia.
Ready to Invest in Croatia? Let’s Have A Chat
Having a professional team working with you to establish your business in a foreign country is invaluable. The support and the extensive in-depth knowledge you attain is going to be one of the key factors that ensures your business succeeds.
Setting up a business in Croatia, a foreign country, doesn’t have to be difficult. In fact, with 3E Accounting working with you, your business will be ready to run in next to no time. Are you ready to explore the local business opportunities? Then schedule an appointment with our team.
For more information, visit the 3E Accounting website today.
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