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 Ukrainian Politics, Economics
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 Rada Allows Foreigners to Buy Land in Ukraine

Verkhovna Rada allowed foreign citizens and companies with foreign capital to buy non-agricultural purpose land.

The corresponding law was passed by 234 depputies in the second reading.

According to the introduced amendmends into the Land Code of Ukraine, "Legal entities established in accordance with legislation other than that of Ukraine may purchase land plots of non-agricultural purposes."

Foreigners will be able to buy land "within population centers in case of purchasing real estate objects related to conducting financial activities in accordance with the legislation of Ukraine." Moreover, they will be able to buy land "outside the population centers in case of purchasing real estate objects."

"Legal entities stablished in accordance with legislation other than that of Ukraine may purchase land plots of non-agricultural purposes in the order set by article 129 of the present Code," states the document.

Previously Rada refused to prolong moratorium on the sale of land.

 
 
 
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