Verkhovna Rada Committee on Agrarian Policy and Land Relations recommends Ukrainian Parliament adopt draft law

Verkhovna Rada Committee on Agrarian Policy and Land Relations recommends Ukrainian Parliament adopt draft law "On amendments to some legislative acts of Ukraine" (as to ownership right of foreign investors to land) as a basis

Press Service of the Verkhovna Rada of Ukraine Secretariat
Published on 23 May 2016, at 09:41

The draft law No. 4455 offers to amend the Land Code of Ukraine. In particular, it offers to classify "foreign enterprises," "enterprises with foreign investments," "legal entities established under legislation other then the Ukrainian one," "international government and non-government organizations" as persons that cannot acquire farmland in Ukraine.

Besides, the draft law offers to replace the term "foreign legal entities" with the term "legal entities established under legislation other then the Ukrainian one," etc.

According to the authors, the adoption of the draft law "will considerably improve the investment climate in Ukraine, facilitate business activity in the regions and socioeconomic development of the state."

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