Foreign citizens can buy real properties in Romania but only under certain conditions The Legal Information for Buying Property in Romania reveal various different circumstances We would like to highlight from the beginning the fact that the Romanian Law has no prohibitions with reference to the right of ownership over real Property Romanian as for foreign citizens, stateless persons or legal entities, regardless of their country of originThen they can acquire ownership rights on the property, However, the ground beneath these lands may not be acquired, and then, a right of “surface” must be established for these properties. So, in short, a foreign national interested in making an investment in real Estate Properties in Romania, can simply acquire the right to use the land but not the land itself. The right of Property on real Estate Properties in Romania for EU citizens, stateless persons domiciled in the EU and legal entities formed in a member state of the EU or belonging to the European Economic Area, The process of the purchase of the land is regulated closely through a regulatory act in the Romanian Constitution. The Law nr three of the twelve, Article forty-four subsection final thesis establishes that “strangers (foreigners) and stateless persons may acquire private ownership of land only in the terms that may arise from the accession of Romania to the European Union and from other international treaties which Romania is part, on the basis of reciprocity, in accordance with the law organic, and also through the statutory legacy.
” At this moment there are die different circumstances under which foreign individuals may acquire real estate properties (land only) in Romania (founded in accordance with the legal provisions of a member state of the EU) - they can acquire all property rights on the lands.
Then Legal Information for Buying Property in Romania should point out that this particular category of entities allowed to buy land only under these conditions. who are nationals of a member state of the European Union or stateless persons resident in an EU member state, who establish their residence in Romania may acquire ownership of agricultural land, forests or forestry land under the same conditions as those applicable to Romanian citizens and legal persons in romania, only if they can prove officially that they work as farmers, and that will not change the nature of their activity during the their period of transit The right of ownership on agricultural land, forests and forest land can be acquired by citizens of an EU member state, stateless persons domiciled in Romania or in a member state of the EU and also legal entities registered under the law of an EU member state only to the expiry of a period of seven years after Romania joined the EU. This means that, all the specified categories above may acquire the right of ownership to agricultural land (outside and inside the inhabited areas), forests and forest land. Property right on real Estate to Foreign Citizens and Stateless persons and legal entities, and foreign - non-members of the European Union or of the European Economic Area Foreigners Buying Property in Romania, the stateless persons and the legal entities belonging to foreign states can acquire property rights on real Estate Properties in Romania (land only) only in the conditions stipolate from international treaties, based on reciprocity. Unlike all the preceding restrictions, a business organization (which is an entity, the Romanian legal) may acquire the property right on real Estate Property in Romania (land and buildings). This adjustment from companies that are legal entities, and the ownership of any type of land including agricultural land, forests and forest land. In consequence, the shareholders of the partners of a company, regardless of their nationality, have the indirect right to acquire land and buildings. asks for help from legal professional Some specific characteristics in the legal mechanism may not seem very important but, from a perspective that is deeper, these aspects could function as the essential details. The presence of a lawyer can without a doubt provide you with a perspective more wide on this specific subject. The legal assistance of quality can result in financial gains in the long the end, and will always be a safe investment.
