Most investors prefer to purchase agricultural lands in Ukraine through legal entities rather than purchasing them through personal ownership. The laws governing the sale and transfer of property in Ukraine are quite specific, making it difficult for foreigners to become involved. As a result, many potential investors shy away from investments in agriculture. Agricultural land in Ukraine has been and remains an integral part of the economy, which is why so many people are interested in investing in them. In fact, most investors prefer to acquire agricultural land in Ukraine through legal entities, rather than buying them into a property. The laws governing the sale and transfer of property in Ukraine are quite specific, which makes it difficult for foreigners to participate. As a result, many potential investors shy away from investing in agriculture.
In recent years, the Ukrainian government has been more open to businessmen from other countries and in every possible way promotes the participation of foreign investors in the country's market. Thus, already today we see an increase in investment in agricultural land.
The biggest breakthrough of the country's government was the law On amendments to certain legislative acts of Ukraine on the conditions of agricultural land transactions. This means that from now on, agricultural land can be bought and sold. Since Ukraine is a country with a developing economy, land plots can be bought here quite cheaply.
In accordance with the new law, until 2024, every Ukrainian has the right to buy land with a maximum aggregate area of 100 hectares. In 2024, a referendum will be held, at which the conditions and results of the law will be reviewed. After the referendum in 2024, the estimated maximum land area for the ass will be 1,000 hectares.
Today foreigners do not have the right to buy land in Ukraine. However, this may change after the 2024 referendum. Until that time, every foreigner has the opportunity to invest in his own agribusiness, processing on the land of Ukraine, to establish import and export turnover of agricultural products.
For this, a foreign investor needs reliable leverage in Ukraine, which will help to profitably invest in the agricultural sector and understand the legislation.
The executing company, business process consultant in Ukraine is GT Invest.
