It is important to note that Ukrainian citizens who wish to purchase an apartment in Romania can conclude a sale-purchase agreement for this purpose only under certain conditions. Pavel, Margarit and Associates Romanian Law Firm recomands contacting a specialized lawyer in real estate and construction law in Romania in order to assist Ukrainian citizens with the legal steps for the acquisition of private property in Romania and to provide consultancy in order to be compalint with the povisions of Law no. 312/2005 regarding acquiring ownership right in Romania for non-EU citizens.
The purchase of a private property in Romania, such as an apartment or house, industrial hall, building offices can be made by Romanian citizens, EU Member states citizens, as well as foreign citizens in certain conditions.
According to Law no. 312/2005 regarding acquiring ownership right in Romania by foreign citizens and stateless persons, foreign companies, non-resident citizens, non-resident stateless persons residing in a EU Member state, as well as by non-resident companies, established in accordance with the law of a EU Member state, such may acquire the ownership right in Romania over lands for the purpose of establishing secondary residences or secondary establishments.
In addition, according to Law no. 312/2005, foreign citizens, stateless persons and companies esablished in non-EU countries may acquire ownership rights in Romania, under conditions regulated by international treaties, based on reciprocity.
Pavel, Margarit and Associates Romanian Law Firm provides legal services of the highest quality through specialized lawyers in real estate and construction law in Romania who can assist Ukrainian citizens with preparing a real estate due diligence report that includes information on the characteristics of the private property, risks, restrictions for acquisition, with drafting the pre-sale and purchase or sale and purchase agreement in Romania and providing legal assistance and representation in the negotiation process for concluding the sale and purchase agreement in Romania.
Taking into account that Ukraine did not conclude an international treaty with Romania, Ukrainian citizens who wish to conclude a sale and purchase agreement in Romania for an apartment are able to acquire ownership rights in Romania over the apartment by means of a superficies agreement over the land on which the apartment is located. However, each situation must be analyzed separately and no generally valid solution can be provided for all non-EU citizens, irrespective of the specific option chosen with the aim of acquiring ownership rights in Romania.
Pavel, Margarit and Associates Romanian Law Firm recommends contacting a specialized lawyer in real estate and construction law in Romania in order to carry out a real estate due diligence for Ukrainian citizens and to guide them in order to be compalint with the conditions required by the law with the aim of acquiring private property in Romania.
Pavel, Margarit & Associates Romanian Law Firm is one of the top law firms in Romania, offering top legal advice. The Romanian law firm clients are foreign and top local companies and high worth individuals. In 2022, the success stories of the Romanian Law Firm have brought recognition from the most prestigious international guides and publications. The firm was ranked third place in Romania by the Legal 500 publication. The Romanian law firm is also recognized by IFLR 1000 Financial and Corporate Guide 2022. Pavel, Margarit & Associates Romanian Law Firm is also the only law firm in Romania recommended by the Global Law Experts Director in London in the Dispute Resolution area of Practice. All the relevant information regarding Pavel, Margarit & Associates Romanian Law Firm can be found on the website www.avocatpavel.ro
Ukrainian citizens can purchase an apartment in Romania, but certain conditions must be met. According to Law no. 312/2005, foreign citizens, including non-EU citizens like Ukrainians, can acquire ownership rights in Romania for the purpose of establishing secondary residences or establishments. However, specific regulations and international treaties based on reciprocity govern the conditions for ownership rights. Ukrainian citizens may need to explore options such as a superficies agreement over the land on which the apartment is located. It’s important to consult a specialized lawyer in real estate and construction law in Romania to analyze each case individually and ensure compliance with the required conditions.
A specialized lawyer in real estate and construction law in Romania can provide comprehensive legal assistance to Ukrainian citizens seeking to acquire private property in Romania. They can assist in preparing a real estate due diligence report, which includes information on property characteristics, risks, and acquisition restrictions. The lawyer can also assist in drafting pre-sale and purchase or sale and purchase agreements in Romania, as well as provide legal representation and guidance during the negotiation process. Their expertise ensures that Ukrainian citizens are compliant with the provisions of Law no. 312/2005 and other applicable regulations.
Consulting a specialized lawyer in real estate and construction law in Romania is crucial for Ukrainian citizens navigating the process of acquiring property in Romania. Each situation is unique, and a lawyer can conduct a thorough real estate due diligence to identify specific requirements and restrictions. They can guide Ukrainian citizens through the legal steps, such as preparing the necessary documentation and agreements, and ensure compliance with the conditions outlined by the law. With their expertise, a specialized lawyer provides valuable support and helps Ukrainian citizens acquire private property in Romania in a legally compliant manner.