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Estonia · Bill · SE

321

The Law on Amendments to the Law on Narrowing the Acquisition of Immovable Property

i lugemine lopetatudEstonia· Riigikogu· ET

Introduced

9 October 2023

Last action

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Status

I_LUGEMINE_LOPETATUD

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Subjects

Discovery layer

Source updated

9 October 2023

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Summary

The bill amends the Act on the Restriction of Real Estate Acquisition with the aim of establishing in the Act on the Restriction of Real Estate Acquisition restrictions on the acquisition of agricultural and forest land for a foreigner who, in the sense of the Land Reform Act, is a natural person who is not an Estonian citizen. In addition, third-country nationals and legal entities are removed from the subjects of the transaction, which precludes them from acquiring land. The bill does not prohibit renting land and such to earn income and engage in agriculture, forestry or entrepreneurship, and in this way also promote Estonian life and manage lands and forests. The bill sets the conditions for a foreigner who wants to acquire agricultural or forest land on the territory of the Estonian state. According to the bill, foreigners can continue to acquire agricultural and forest land, but only under the conditions specified in the law. Restrictions contribute to obtaining a land residence permit only for the purpose of preventing acquisition.

Machine translation from Estonian. The official text remains authoritative.

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Documents

8 official files

Seletuskiri pdf

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