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Korcula, Croatia | Where should I setup a bank account in Korcula? | Expat Exchange
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Where should I setup a bank account in Korcula?

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We asked expats in Korcula what banks they use and there advice about banking. They advised...

"Korcula is a beautiful island known for its stunning beaches, crystal clear waters, and rich history, making it an attractive destination for expats looking to retire. Before making the move, there are several things you should know. Firstly, you should be aware of the visa requirements. Croatia is part of the European Union, so if you're from an EU country, you can live in Korcula without a visa. However, if you're from outside the EU, you'll need to apply for a long-term stay visa. The cost of living in Korcula is relatively low compared to many Western countries. However, it's important to budget carefully as the island is a popular tourist destination, which can drive up prices, especially during the summer months. Healthcare in Croatia is of a high standard, with a mix of public and private providers. As an expat, you'll need to have health insurance to cover any medical costs. It's worth researching the best options for you before you move. The official language is Croatian, and while English is widely spoken in tourist areas and by younger generations, many older locals may not speak it. Learning some basic Croatian phrases can help you integrate into the local community. The climate in Korcula is Mediterranean, with hot summers and mild winters. It's important to consider how you'll cope with the heat, especially if you're from a cooler climate. Croatia's tax system can be complex, so it's advisable to seek advice from a financial advisor who is familiar with both your home country's tax system and Croatia's. This will help you understand any potential tax liabilities. Finally, it's important to understand that while Korcula is a beautiful place to live, it can be quiet, especially outside of the tourist season. If you're used to a busy social life, you may need to adjust your expectations. However, the island's natural beauty and relaxed pace of life can offer a peaceful and fulfilling retirement," remarked another expat in Korcula, Croatia.

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Where should I setup a bank account in Korcula?

If you live in Korcula, newcomers to Korcula would love to hear your answer to this question.


SJB Global
SJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More

SJB GlobalSJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More

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