New rules for the purchase of agricultural and forest land
14 Apr 2016
On 14 April 2016, the Parliament adopted (i) the "Act on Suspending the Acquisition of Properties of the State Treasury Agricultural Resources" and (ii) the "Act on the Change of the Forest Act". The legislation introduces stricter requirements for the acquisition of agricultural land. In particular, the direct purchases by foreigners are only allowed if the acquirer is a farmer who has resided in the municipality where the land is located for at least the last 5 years. In addition, the acquisition of shares in a company owing agricultural property by a foreigner or a Polish national is subject to the renunciation by the Polish Agricultural Agency of its newly created legal pre-emption right. Finally, the State Treasury represented by the State Forests Agency now also holds a pre-emption right with respect to the sale of forest land. The legislation has entered into force on 30 April 2016.
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Type:
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Entry and establishment (Access to land)
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Industry:
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Primary (Agriculture, forestry and fishing)
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Sources:
