I have written a countless number of blogs on luxury travel and luxury property but then again I have never tackle an issue of a foreign citizen who settles down in Dubrovnik and needs a legal aid. How they can choose a lawyer in Dubrovnik if they do not know the language and in particular the local mentality. I have posed this question to Viktorija Knezevic of Viktoria Knezevic & Marina Maslek Law Office which specializes in civil and commercial law.
Viktorija Knezevic admits that this may not be an easy task for a potential foreign investor who for instance does not have a domestic business partner. Knezevic continues that this is not really the question of listing through yellow pages or googling the net. Indeed, even if you take the alongside google search route, it does not reveal much. It will only show listings made in the business directories and this means nothing to you, who as a potential investor with a serious enough money with no connections to Dubrovnik want to know who is the person to whom you are going to be putting your trust into as your legal representative. Moreover the very same person is going to set up a limited company on your behalf and to him/her you will be granting power of attorney to represent your interests. Lawyer Viktorija Knezevic explains that Croatia has strict rules when it comes to advertising legal services. As far as Dubrovnik is concerned one does to live first in Dubrovnik and most probably the first recommendation they will receive is the one from an estate agent, Viktorija Knezevic of Viktorija Knezevic and Marina Maslek Law Office concludes. Another option is to network with people on various business functions and events and hear first account experiences, Business Cafe Dubrovnik being one of them. At the end of the day, the best marketing is the word of mouth one.
Srđ Portolan talks about digital millenial generation which on the international property markets is willing to take risks when it comes to investing into SEE markets. Portolan, in his capacity as a director of Spes real estate agency which is part of his Intercon Group of Companies, remarks that more younger professionals are ready to take on a challenge of entering the business property ladder in the Old City of Dubrovnik. What is more, Srđ admits that more often than not this is not an easy task, because it often means that by purchasing a run down house they quit their highly paid jobs in return for hard working, long term return yielding jobs of B&B owners. According to the well established Croatian property website Centar Nekretnine upward cost of renovation per sq/m in the Old City may come up to 1500 Eur. In spite of the former, Dubrovnik invasion of foreign property developers could be compared to that of Syrian and other refugees who are droving into Germany. The recent Deutsche Bank reports are announcing the stagnation of the German GDP. In Croatia and Dubrovnik as tourist season 2015 is coming to close, the Croatian Ministry of Tourism is announcing that tourist season 2015 was the record one in the terms of the net profits. Srđ Portolan concludes that this gives a boost to the Croatian economy at time when the GDP is expected to grow 1% by the end of the year.
Srđ Portolan also advises future investors to choose their legal representatives wisely. Srđ has been co-operating successfully with Viktorija Knezevic and Marina Maslek Law Office in Dubrovnik over the years. Portolan tells us is that what he likes about Viktorija Knežević who has accomplished herself as a successful read experienced civil and merchant lawyer is her direct approach and Viktorija’s tons of experience, primordial when purchasing your private or business property as what you really need to open your eyes about is property’s clean title. Yet another thing that Viktorija Knezevic and Marina Maslek Law Office in Dubrovnik can advise you about is which route to take while purchasing your property: private or business one. It pays to know that sometimes business route is the right choice when buying a private property.
Srđ Portolan is a director of Spes Real Estate Agency and the director of Dubrovnik Luxury Travel, companies which fall under umbrella of Intercon Group of Companies.
Viktorija Knezevic and Marina Maslek is a Law Office in Dubrovnik specializing in civil and merchant law.