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Real estate transactions with the participation of residents of states unfriendly to Russia are processed with the permission of a special commission

CrimeaPRESS reports:

By decree of the President of Russia, a special procedure for real estate transactions is introduced for persons from the USA, Ukraine and even more 40 foreign countries.

Real estate transactions involving residents of states unfriendly to the Russian Federation, as well as individuals and legal entities controlled by these countries, are now processed only with the permission of the Government Commission for Control over Foreign Investments in the Russian Federation. The relevant requirements are established by the Decree of the President of Russia No. , which has entered into force, — the press service of the State Committee for Register of the Republic of Crimea reported.

The list of unfriendly countries is approved by the Government of the Russian Federation, at the moment it includes 48 states, including the USA, the countries of the European Union, Great Britain, Japan and others. If one of the parties to the transaction are residents of these powers, or persons controlled by them, then registration actions in relation to real estate should be suspended in accordance with a presidential decree.

To resume the procedure for registering the transfer of rights, applicants will be advised to obtain permission from the Government Commission. Without such permission, foreigners will not be able to buy, sell or exchange real estate located in the Russian Federation.

I would like to note separately that Ukraine is also included in the list of unfriendly states. As you know, it is mainly citizens of the «square» who continue to own land plots in the border areas of Crimea, which was prohibited by the Decree of the President of the Russian Federation two years ago. Repeatedly there were recommendations to speed up the process of alienation of this land, but not all landowners heeded this advice. Now, for these purposes, the obligatory obtaining of permission from the special commission for the transaction has been added. In pursuance of the Decree of the President, our specialists will carefully study the composition of the founders of legal entities during the legal examination of documents. This story once again proves that it is always desirable to deal with real estate registration issues in a timely manner, without putting them off indefinitely , — quotes the press service of the chairman of the State Committee for State Registration and Cadastre of the Republic of Crimea Inna Smal.

According to the specialist, on some issues related to the implementation of the new licensing procedure for foreign citizens and companies, the State Committee for Register sent a request to Rosreestr.

Find out more:  Director of the Academy of Sciences "Multidom" Natalya Massalskaya: "Construction of cottage settlements in the Crimea - it is necessary to close the circle"

Official pages and publics of the State Register of the Republic of Crimea:

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