Toomas Hõbemägi, BBNStarting from May 1, another restriction for foreigners buying land in Estonia will disappear when foreigners will be allowed to buy land in municipalities near the Estonian border and no longer have to ask for permission from the county governor if the agricultural or forest land plot is larger than 10 hectares, writes Postimees.
While the restrictions will be eased, one requirement will remain that if agricultural or forested land is being purchased by a company registered in the EU, it must provide evidence that it has been involved in agriculture or forestry at least three years.
However, current restrictions will continue to apply on citizens of non-EU countries including Russia.
Continue reading here:
http://balticbusinessnews.com/... 