Thursday, 2 June 2011

Local land for sale to local people, are you local?

Interesting turn of events, the Ukrainian government has said that when they finally lift the moratorium on land sale sometime next year it will only be to Ukrainian nationals.

The thought is that they want to stop the mass acquisition of Ukraine land by foreign companies.

You’re not going to lose any votes with that one but I suspect in reality it will be more complicated if not impossible to implement or enforce.

If a company is registered in Cyprus does that mean it’s still local?