Georgia announces moratorium on selling agricultural lands to foreigners
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Georgia has imposed a moratorium from today on foreign citizens obtaining property rights on agricultural lands.
The Ministry of Justice of Georgia said the moratorium will remain in place until the constitutional change banning Georgia’s agricultural lands to be sold to foreign nationals comes into force.
During the moratorium, foreign nationals will not be allowed to register their property rights on agricultural lands on Georgian territory.
"The moratorium does not cover cases when a foreign national has already registered their property rights. In such cases the agricultural lands remain in their ownership,” the Ministry said.
Under Georgia’s draft revised constitution, agricultural lands cannot be sold to:
- Foreign citizens;
- Foreign-registered companies;
- Companies registered by a foreign national in Georgia.
Georgian Prime Minister Giorgi Kvirikashvili summarised the main changes to the State Constitution today. The head of the Government said that all of the changes contribute to the country’s democratic development.
Georgia’s Prime Minister Giorgi Kvirikashvili announced today that the Georgian Dream ruling team stands against of selling of the country’s agricultural lands to the foreign nationals.
Georgia’s Prime Minister Giorgi Kvirikashvili has released a statement today regarding the amendments to the temporary moratorium on agricultural land.
Foreign citizens living in Georgia have nine days to register their land plots until the new State Constitution, banning Georgia’s agricultural lands to be sold to foreign nationals, comes into force on December 16.Today the Constitutional Court of Georgia declared unconstitutional the moratorium imposed by the Government of Georgia regarding the sale of agricultural lands to foreign citizens.
The Georgian Ministry of Internal Affairs is investigating a rally and its consequences which is underway at the Tbilisi Justice House triggered by the 7 December verdict of the Georgian Constitutional Court which temporarily removed the ban on the sale of agricultural lands to foreign nationals.
More than 600,000 private owners have officially registered their lands in Georgia since 1 August 2016, as the government offered them simplified and cheap procedures, Georgian Prime Minister Mamuka Bakhtadze stated today during the presentation of the Land Registration Interim Report.
Simplified procedures for land registration, planned to remain in force until January 1, 2020, will become the general rule of land registration, announced Georgian Justice Minister Thea Tsulukiani at a government meeting earlier today.