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MPs want stricter rules for foreigners who buy farmland in Romania

Staff writer |
A group of 24 deputies, most of them from the National Liberal Party (PNL) have initiated a law draft that aims to impose stricter conditions for foreigners who want to buy farmland in Romania.

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Should this bill pass, foreigners who want to buy agriculture land in Romania will have to meet the following conditions: they will have to start using the land for agriculture within six months after the purchase, they will have to have a Romanian associate, they will have to hire Romanians in management positions (at least 60% of all positions) and for work (90% local workforce), reports localCapital.ro.

The investors will also be checked so that they don’t have tax debt in Romania or other countries and will not be allowed to use off-shore companies.

The deputies have submitted their bill to the Senate.


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