Posted by Hans on January 04, 2001 at 20:18:44:
In Reply to: Re: I am at Yalta now posted by jeff blake on January 03, 2001 at 15:36:49:
Below here you see some stuff published by the Embay of Ukraine in Canada, a site mentioned by Del.
I copied an part for you that might be of interest.
Foreign companies and individuals cannot directly own land in Ukraine, but they are able to lease land from a local authority for a period of up 50 years. In principle the foreign investment law allows the authorities to grant concessionaire rights to use land and natural resources for up to 99 years; however, the draft law has been delayed and the provision has yet to come into force.
Buildings and flats can be purchased or leased from the state or private companies and individuals. However, the process is often complicated by confusion about legal title and dogged by bureaucratic delay. Recent regulations have improved the process of verifying and transferring legal title, and this will be further improved by the creation of a land registry. Ownership of a building normally gives the owner a right to use the underlying land for as long as the building stands. Subject to approval of the relevant authorities, it may be possible to demolish a building and replace it with a new structure.
Although in principle a Ukrainian-registered company, which is owned by a foreign company or individual, may own non-agricultural land, this is not common in practice because a mechanism for land privatization has not yet been developed.
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