Relaxes restrictions on foreign ownership of rural properties

On 29 June 2016, Argentina enacted Decree 820/2016, easing certain restrictions imposed under existing laws on the acquisition and leasing of rural lands by foreign individuals and legal entities (Law No. 26,737 of 2011). The new decree aims at facilitating and enabling foreign investments in Argentine rural lands by clarifying certain unregulated issues and removing certain problems in real estate practices that arose since the enactment of the Rural Land Law in 2011. The most significant changes relate to determining when the Rural Land Law applies. Further, the New Decree defines a “Foreign Legal Entity”. Finally, the New Decree modifies certain reporting requirements and the consequences for failing to comply with such requirements.

• Type:

  • Entry and establishment (Access to land)

• Industry:

  • Not industry specific

• Sources:

  • Official Gazette, Decree 820/2016, https://www.boletinoficial.gob.ar/#!DetalleNormativa/1114567/null, 29 Jun 2016
  • Lexology, Argentina Relaxes Restrictions on Ownership of Rural Properties by Foreigners, http://www.lexology.com/library/detail.aspx?g=cca765fe-9286-4f90-940e-2e5ff4845405, 11 Jul 2016