The Ukrainian Parliament has passed the Law No. 2178-10 (becoming effective from 1 July 2021) introducing certain changes into the Land Code of Ukraine, aiming to lift the existing moratorium in relation to transactions involving agricultural land plots in Ukraine.
By way of background, the existing moratorium prohibits:
According to the newly adopted Law, agricultural land plots can be acquired by:
with a maximum total area of agricultural land plots owned not to exceed 10,000 ha per person.
Until 1 January 2024, Ukrainian citizens can acquire agricultural land plots not exceeding 100 ha.
Furthermore, alienation of state-owned and municipally owned agricultural land plots throughout Ukraine, land shares and privately owned agricultural land plots allocated in kind to owners of land shares located on temporary occupied territories is prohibited.
Acquisition or ownership of agricultural land plots by foreign citizens and/or foreign companies (directly or indirectly) and by Ukrainian companies whose shareholders/participants are not Ukrainian citizens is not possible until this prohibition is lifted, presumably following an all-Ukrainian referendum. The Law is silent on the timeline for conducting such a referendum.
Ownership of agricultural land plots will also not be permitted for:
The next step in the liberalisation of transactions involving agricultural lands could follow an all-Ukrainian referendum.
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