Foreigners can not buy agricultural land in Ukraine

25.01.2011 10:07
Foreigners can not buy agricultural land in Ukraine Foreign nationals, stateless persons, enterprises, based with the participation of foreign individuals and legal persons, foreign legal entities and foreign governments can not acquire ownership of agricultural land. This is stated in the draft law "On Land Market", published on the website of the State Agency of Land Resources of Ukraine.

The document stipulates that agricultural land acquired ownership of data entities, subject to alienation for one year from date of purchase. If these lands were not disposed of within one year, they are subject to expropriation for land sales.

According to the document, agricultural land can only acquire Ukrainian citizens, legal persons based in accordance with Ukrainian legislation, the State in the person of its specialized agencies or territorial communities in the face appropriate for the local government.

As UNIAN reported earlier, the draft law "On Land Market" will be adopted in the Verkhovna Rada in the first quarter of 2011. Lifting of the moratorium on the sale of agricultural land provides for the adoption of laws "On State Land Cadastre" and "land market".
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Content tags: land
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