Today land in Russia is the cheapest in the world and at the same time it is also fertile. There are no problems with droughts in Russia. Ideal conditions for running a farming business. Farmland owner taxes are among the lowest in the world. That is why investors come to Russia not only from neighboring countries and the CIS but also from Europe, the United States, China, Korea and Australia.
Can a foreigner buy land in Russia? Yes, but there are some barriers and conditions for foreigners.
All Russian land is divided into different categories of its use. There are land categories that a foreigner can easily buy as an individual, and there are land categories that are prohibited to foreigners or only lease is possible.
A foreigner as an individual can easily buy land without restrictions for residence and the construction of a private house.
As for the category of agricultural land for running a farming business, a foreigner as an individual cannot buy and own in accordance with Russian laws.
How is the problem solved in this case? A foreigner is obliged to open a company in Russia with Russian participation (49/51) and the company itself buys agricultural land on its balance sheet. The maintenance of a company costs money, so it makes sense to open a legal entity only when purchasing at least 1000 hectares of agricultural land in order to recoup the costs of maintaining the company.
You better rent the land
Renting agricultural land is the easiest and fastest option for a foreigner. A foreigner as a private person can lease agricultural land without restrictions. There is no need to open a company in Russia to lease land. We advise our foreign farmers to first lease land for at least a few years and only then buy it out.
A person with Russian citizenship can buy agricultural land without restrictions as a private person. If you have Russian wives or children with Russian citizenship, then you can register agricultural land on them without opening a company. Alternatively, you can register the land for your Russian friends, if you trust them.
About land prices in Russia
On average, good fertile land in Russia costs $ 300-400 per hectare. The most expensive agricultural land costs $ 2000-4000 per hectare. You can buy good agricultural land in Russia at a price of $ 100 per hectare if you buy more than 5000 hectares. To find out the price of land lease, make a request to us on the website, as in this case everything is individual.