IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: No inception date

FDI: Entry and ownership rule

On 28 January 2012, the Icelandic Minister of the Interior, Ögmundur Jónasson, announced that he will submit a bill to the government proposing the non eligibility of foreigners to own properties in the country, unless they have a legal domicile there. The new measure would also apply to EEA citizens, who are currently free to acquire property in Iceland.
The measure, if implemented, is expected to have an adverse impact on foreign direct investment in real estate.

AFFECTED COUNTRIES

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