Property
Romania — Property: Foreign Ownership
Romania restricts agricultural land outside towns to EU, EEA and Swiss buyers on reciprocity, with state preemption and 80% tax on resale within eight years.
Key facts
- Law 17/2014 covers agricultural land outside urban boundaries; land inside the intravilan is not covered.
- EU, EEA and Swiss citizens and companies can buy such land on reciprocity, and non-EU buyers only as international treaties provide.
- Co-owners, lessees, neighbours and the state have preemption rights, and land within 30 km of the border or Black Sea coast needs Ministry of National Defence approval.
- Reselling within 8 years triggers an 80% tax on the gain; texts are older versions so check the consolidated law.
Steps
- Register Property — Hire a local notary to register the property under your name. This process involves legal documentation and may require presence in Romania.
- Pay Taxes — Ensure to pay the 1% tax on the notary fee, which can be claimed as a deduction when paying annual property taxes.