Foreign investors are allowed to buy land





05.11.2010 16:21
Property News | Foreign investors are allowed to buy land The Cabinet of Ministers of Ukraine proposes to allow companies with foreign investment purchase non-agricultural land, whereas today the purchase of land allowed for joint ventures with participation of foreign legal entities and natural persons. The corresponding provision spelled out in the draft law on amending some legislative acts of Ukraine on privatization and land relations, registered under number 7328 on November 3, 2010 and was initiated by Prime Minister Mykola Azarov, writes reporter.

In the explanatory memorandum to the bill notes that the use of rules of this document will prevent uncontrolled disposal of land public property and to ensure planned for 2010 revenues of the state budget from the sale of government property neselhozzemel, which are objects to be privatized and which are objects that have been taken without plots of at least $ 262.660 million hryvnia.

As previously reported, the Kyiv land for commercial development are in demand by non-specialized investors and foreign funds.
Correspondent
Content tags: land Legislation
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