The law firm “Zilver” often files enquiries from foreign businesspeople and private entities concerning the land acquisition and leasehold in Ukraine. This is why, we have decided to list here the main theses of the Ukrainian legislation as regards the possible ways of purchasing and leasing land in Ukraine by foreigners.
Agricultural land holds particular interest to foreigners. Having said that, this category of land can belong to foreigners exclusively on the basis of the right of land leasehold. Foreigners (including foreign legal entities) are prohibited from purchasing agricultural land plots in Ukraine. In case a foreigner inherits agricultural land, he or she is obliged to alienate this property within a year.
Foreigners have a right to purchase plots of non-agricultural land within settlements as well as plots of non-agricultural land outside settlements where the real estate objects in their private ownership are located. It should be noted that the acquisition of land title can come about on the basis of a sales agreement, lease agreement, deed of gift agreement, contract of exchange, other civil legal agreements, acceptance of an inheritance.
Foreign legal entities can acquire the non-agricultural land title:
а) within settlements in case of purchasing real estate objects or for constructing objects in connection with their entrepreneurial activities in Ukraine;
b) outside settlements in case of purchasing real estate objects.
The law firm “Zilver” has the relevant experience of the legal support of the land transactions where one of the parties is a foreigner or a foreign legal entity. Our lawyers are ready to provide consulting services, prepare and execute the legal acts, carry out the due diligence or protect the client’s interests in the courts of law of Ukraine. You can have an appointment with our lawyers in Kyiv, Dnipropetrovsk and Donetsk by dialing +380501409560 or by E-mail: info@zilver.com.ua