Print this page
Bjelovar a tax haven Bjelovar a tax haven

Croatia gets first tax free city

By  Oct 25, 2017

In order to attract new investors, the Croatian city of Bjelovar has come up with an ingenious new approach – to become the first tax free city in the country.

‘’High taxes, high VAT, uncertain political situation, frequent changes in governing structures, introduction of new taxes etc., all these are problems that affect the business climate. Therefore, the city authorities of Bjelovar have decided to help those who express an interest of investing in our city or plan a new investment here by abolishing taxes’’, explained Darko Hrebak, the mayor of Bjelovar.

The city of Bjelovar will be the first tax free city in Croatia, however, the city authorities expect to lose at least 4 million Kunas of the city’s budget in the first year of implementation of the new approach, but they are also hoping for a new employment and investment boom.