''New regulations are imposed on the sale of agricultural land to foreigners''

Tbilisi. On May 29, the state legislature registered an initiative by 21 Members of the Parliament on the amendments to the law on agricultural land and accompanying package of laws. The aim of the draft law is to regulate the issue related to the sale of agricultural land to foreigners and persons without citizenship of Georgia.
''In overall, the decision to draft a unified state policy towards the ownership of agricultural land can be assessed as positive. The imposition of special regulations on agricultural land is a well-known practice in foreign countries as well. The special regulations usually relate to the rational use of land as well as issue of state security, such as the sale of land near state borders. It is important for the restriction of right of ownership of land to serve legitimate purposes, as well as avoiding the creation of artificial barrier and damaging the prospects for the economic development of the country. In order to avoid instances of corruption, it is also important for the law to include effective enforcement mechanisms, as well as clear regulations on restrictions and decisions'', is noted in the statement.
In full…
Source: www.transparency.ge

News

Standards of Accountability & Transparency

Standards of Accountability & Transparency


 CSO METER – COUNTRY REPORT, 2022

CSO METER – COUNTRY REPORT, 2022