RT | Land of plenty: Duma committee approves bill for free handover of Russian territory to foreigners
A plot of land in Russia’s Far East could be yours, after a Russian lower house committee approved a bill that, if passed, will introduce the free handover of land to Russians and foreigners who want to build homes or start businesses in agriculture or tourism in the region.
The Russian lower house Committee for Real Estate and Construction recommended that the State Duma approve the bill in the second reading in a session coming up on April 12. The parliament already approved the draft in the first reading on December 18, 2015.
The current document provides for the free handover of 1 hectare (about 2.5 acres) of land to foreign citizens. However, foreigners will only be allowed to use the land, and the registration of full property rights is only possible after the naturalization of potential owners.
The original bill was drafted by the Russian government in November last year. The explanations attached to the document read that the authorities expect the free land handover to attract more people to the Far East Federal District, to slow or stop the outward migration of locals, and to boost the socio-economic development of the territory.