Can Foreign Citizens Buy Real Estate in Romania
Real estate investments in Romania by foreign nationals have always been made, but the question of whether a foreigner can buy or own real estate in Romania does not have a simple answer.
At first, we must differentiate between buildings and the land they are built on and, while foreigners are allowed to own buildings in Romania, not all of them are allowed to own land.
When it comes to buying or owning land in Romania, the situation differs depending on the nationality of the person that intends to buy.
EU and SEE Citizens
Citizens of the member states of the European Union and the European Economic Area are allowed to buy and own land in Romania as a consequence of Romania joining the EU in 2007.
After 2007, there have been some temporary restrictions related to the types of land that these nations could own, but these restrictions have been lifted
Citizens of Other States
In what regards citizens of other states, they are allowed to own land in Romania only on the basis of bilateral treaties signed between Romania and the state of their citizenship. In the absence of such treaties, foreign citizens can only own buildings and a temporary right to use the land attributed to said buildings.
What if You Are Not Allowed to Own Land?
Citizens of the states with which Romania has not signed bi-lateral treaties granting them the right to own land in Romania have always had the option of registering a Romanian company and, based on the company’s Romanian nationality, own land via this company. You can find more information about registering a Romanian company here.
If you need more information about this subject, you can contact us at any time.