The Georgian Government has adopted amendments to the Law on Ownership of Agricultural Land, which will regulate the rules for sale of agricultural land plots to foreigners. The bill was presented to the Georgian Government by the Minister of Justice.
According to Thea Tsulukiani, the Justice Ministry, together with the Ministries of Agriculture and Economy, has been working on the project for several months. The working process also involved representatives of the legislative body, and agricultural experts. Participants agreed on the draft law, which was approved at the Government session.
According to the amendments, foreign citizens and legal entities founded abroad will not be allowed to purchase agricultural land plots in Georgia. The sale of agricultural land to foreign physical persons or foreign companies, even if they are founded in Georgia, will not be possible within a five-kilometer distance from the Georgian border and in any other border zones determined by the Government. No foreign physical person or foreign company will be able to buy agricultural land on the borderline and specified zones.
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