Taxonomy: Sector Affected - 82
Real estate services
Cambodia: Limited foreign ownership allowed in the real estate sector
Description
On 5 April 2010, the National Assembly of Cambodia approved the Foreign Ownership Property Law, which allows limited foreign ownership in multi-story real estate above the ground floor.Lao People’s Democratic Republic: Foreign investors allowed to own land
Description
On 13 September 2011, Lao People’s Democratic Republic issued a new ministerial decree relating to the Law on Investment Promotion of 2009 in order to allow foreign investors to own land in Laos.United Arab Emirates: Expansion of land areas for foreign ownership
Description
On June 21, 2012, the ruler of the Emirate of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, announced a new regulation, which gives foreign citizens the right to gain ownership of property in two additional plots in the Dubai Investment Park for aBenin: Prohibition of land ownership by foreign entities
Description
On January 14, 2013, the national assembly of Benin adopted the new Land Code (Law No. 2013-01) which prohibits land ownership by foreign entities. From now on, foreigners are only allowed to enter into long-term leases (max.Philippines: Stricter foreign ownership requirements on certain businesses
Description
On 25 March 2013, the Philippines Security and Exchange Commission released a new draft of the guidelines for determining foreign ownership in various industries (including real estate, telecommunications and other utilities).Italy: Aid to compensate for damage caused by the earthquakes of May 2012
Description
On 14 September 2012, the Italian Government notified the European Commission about an aid measure designed to compensate the damage caused by the earthquakes of 20 and 29 May 2012 in the Regions Emilia-Romagna, Lombardy and Veneto.Sri Lanka: Possible ban on sale of land to foreigners
Description
On 21 February 2013, the Cabinet of Sri Lanka approved the drafting of an amendment to the current regulation to restrict foreign investment in real estate. The cabinet will introduce provisions to:Russian Federation: Announced possibility of foreign ownership of SMEs
Description
Rossiyskaya Gazeta, an official newspaper of the Russian Government, in its issue № 5993 of January 29, 2013, reports that the Government Legislative Commission has approved legislative amendments, proposed by the Ministry of Economic Development,Cape Verde: New Investment Code promoting FDI
Description
Myanmar: Permanent residence system for certain foreigners
Description
On 31 October 2012, the Vice-President of Myanmar, U Nyan Tun, announced plans to implement a permanent residence system for foreign investors, intellectuals, businessmen, and technicians.
