Terms & Conditions
By accessing velnorexiumar.com you accept these Terms & Conditions. Velnorexiumar d.o.o. is a licensed crowdfunding service provider (CSP) under EU Regulation 2020/1503 and Croatian Financial Services Supervisory Agency (HANFA) license No. 2026/PC-118.
1. Definitions
"Platform" means velnorexiumar.com and the related digital services. "Project" means any construction or development offering published on the Platform. "Investor" means a natural or legal person who registers to participate in financing a Project.
2. Scope of business
Velnorexiumar acts as an intermediary between project owners and investors in the real estate sector. Velnorexiumar is not a bank, not an investment fund and does not provide investment advice under the Croatian Capital Market Act (OG 65/18).
3. Who can invest
Natural persons of legal age resident in the EU and legal entities established in the EU who have completed KYC and AML checks. Exceptionally, investors outside the EU may be accepted subject to additional source-of-funds verification.
4. Fees
Participating in projects is free for investors. Project owners pay a success fee ranging from 1.5% to 3.5% of the amount raised. All fees are disclosed before any individual investment documentation is signed.
5. Investment risks
Investments in real estate projects may result in partial or total loss of the capital invested. Key risks include construction delays, changes in property prices, regulatory changes and liquidity risk. The investor confirms having reviewed the Key Investment Information Sheet (KIIS) before each transaction.
6. Reflection period
Non-sophisticated investors have a reflection period of 4 calendar days from offer confirmation, during which they may withdraw their payment without giving a reason, in accordance with Art. 22 of Regulation 2020/1503.
7. Intellectual property
All texts, photographs, graphics and source code on the Platform are the property of Velnorexiumar d.o.o. or of partners with whom we hold a licence. Any unauthorised reproduction is prohibited.
8. Liability
Velnorexiumar strives to ensure the accuracy of published data but does not guarantee the fulfilment of business projections of project owners. Velnorexiumar is not liable for indirect, incidental or consequential damages except in cases of intent or gross negligence.
9. Governing law and jurisdiction
These Terms are governed by Croatian law. The Municipal Court of Split has jurisdiction over all disputes. Consumer disputes may also be resolved through the European Commission's online dispute resolution platform (ec.europa.eu/odr).
10. Changes to the Terms
Velnorexiumar reserves the right to amend the Terms. Material changes will be communicated to registered users by email at least 30 days before they take effect.