Zelensky signs law on sale of land through e-auctions

Zelensky signs law on sale of land through e-auctions

Ukrinform
President of Ukraine Volodymyr Zelensky has signed the law on the sale of land through electronic auctions, according to the website of the Ukrainian parliament.

In particular, the President signed the Law "On Amendments to Certain Legislative Acts Concerning the Sale of State and Municipal Land Plots or Rights to Them (Leases, Superficies, Emphyteusis) through Electronic Auctions" on June 24.

As reported by Ukrinform, the Verkhovna Rada approved the Law "On Amendments to Certain Legislative Acts Concerning the Sale of State and Municipal Land Plots or Rights to Them (Leases, Superficies, Emphyteusis) through Electronic Auctions" on May 18, 2021. The chairman of the Verkhovna Rada signed it on June 4.

The law introduces mandatory sale of plots of state or communally owned land or title to them (lease, superficies, emphyteusis) through state electronic auctions within a unified trading system, which will operate in the manner established by the Cabinet of Ministers.

On April 28, 2020, the President signed the Law "On Amendments to Certain Legislative Acts of Ukraine Concerning the Conditions of Circulation of Agricultural Land", which stipulates that from July 1, 2021, only citizens of Ukraine will be able to acquire ownership of agricultural land with an area of up to 100 hectares.  As of January 1, 2024, legal entities owned by Ukrainians will also get this opportunity. They will be able to buy up to 10,000 hectares of land. The sale of state and municipal land is prohibited.

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