“Direct” acquisition of plots of land that is not subject to authorisation
All foreign nationals may acquire plots of land for a company premises (e.g. manufacturing buildings, offices, hotels etc.) – irrespective of whether they are intended for personal use or as an investment – without prior authorisation.
However, in the case of the acquisition of land that has not yet been developed and is intended to be used for industrial, commercial or service purposes, the buyer shall be under obligation – insofar as he/she is deemed a “foreign national” – to develop such land by way of a building that complies with the zone requirements or use that land as a plot of land for a premises.
If the plot of land is to be used by the acquiring party as the principal place of residence at the location of his/her lawful or actual habitual residence, no authorisation shall be required, irrespective of where the buyer originates from.
Furthermore, cross-border commuters and citizens of EU or EFTA countries may also acquire a second residence, in the region of the place of work, which does not require authorisation.
