Media & Resources
The RF Ministry of Agriculture proposed to limit lease term and size of the agricultural land plots for foreign entities.
DATE: September 3, 2015 | AUTHOR: atlawyers
The RF Ministry of Agriculture proposed to limit lease term and size of the agricultural land plots for foreign entities. The Bill will affect, inter alia, foreign companies and companies with foreign participation of more than 50%, or companies having foreign beneficiaries. The lease term for such entities will be limited by 3 to 10 years. Further, such entities will have to disclose their beneficiaries when submitting documents for lease registration to the state registration authority. The Bill proposes other requirements and obligations regarding land lease. The Bill is to enter into force in May 2016.