Can a foreigner sell real estate in Ukraine?

Foreigners have the opportunity to sell real estate in Ukraine, but the procedure for the sale and subsequent transfer of ownership has some nuances that need to be taken into account. Find out all about the procedure for selling a property by a person without Ukrainian citizenship on the Visit Ukraine portal

Legal support in real estate matters for foreigners

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Foreigners or stateless persons who have purchased real estate in Ukraine or inherited it have the opportunity to dispose of it. At the same time, non-residents often face problematic issues related to document flow, conclusion of contracts, their translation and notarisation. Sale and purchase agreements with foreigners are regulated by the Law of Ukraine ‘On Private International Law’. In this article, we have gathered information on how a foreigner can sell real estate in Ukraine quickly and smoothly.

What kind of real estate can a foreigner sell?

Under the current legislation, real estate in Ukraine is divided into 3 categories:

- land

- residential buildings;

- non-residential premises.

All three subtypes are available for sale to non-residents, but there is a nuance in the case of land sales. Foreigners do not have the right to own agricultural land in Ukraine. If a foreigner inherits agricultural land, he or she must dispose of it within a year. And in this case, the sale of real estate (as one of the main types of alienation) is more of a duty than a right.

To learn more about the peculiarities of selling real estate in Ukraine for persons residing abroad, please follow the link.

Key conditions for concluding a sale and purchase agreement for a foreigner

1. A non-resident must be over 18 years old.

2. If the electronic document management system is not used when signing the agreement, the foreigner's stay in Ukraine must be legal, i.e. confirmed by documents from the migration service (visa, temporary residence permit, etc.).

3. The apartment must be appraised in advance.

4. Documents related to the conclusion of the contract must be submitted to the notary in advance.

Read more about what documents a foreigner needs to legally stay in Ukraine here.

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What documents must a foreigner have to enter into a sale and purchase agreement in Ukraine?

Please note! All foreign documents must be translated into Ukrainian and certified by a notary public.

1. Passport.

2. Residence permit.

3. Marriage certificate.

4. Consent of the other spouse to the sale of the property (if the property was purchased when the foreigner was already married).

5. Card of an individual taxpayer (can be obtained from the State Tax Inspectorate by providing them with the above package of documents).

Readabout how to safely invest in real estate on the Visit Ukraine portal.

What documents should a Ukrainian have to buy real estate from a foreigner?

1. An individual licence issued by the NBU, which allows the use of foreign currency and the transfer of money abroad (if the non-resident has an account with a foreign bank).

2. A document confirming the legal possession of money (if the transaction amount exceeds UAH 150 thousand).

If you need qualified legal support on the sale or purchase of property in Ukraine, please contact Visit Ukraine specialists: assistance in preparing a package of documents, their translation and notarisation, consultations at the stages of forming contractual obligations and concluding a contract, search for qualified specialists for real estate valuation - each of these issues can be resolved quickly and efficiently!

Just a reminder! If the owner is abroad, he or she can still secure his or her home and insure the property.

Photo: Debit-Credit

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