Investors Handbook. A Legal Guide to Business in Georgia
and 13 of this Article. At that the same time, the ownership right of foreign citizen or legal person
registered abroad applies only to that specific agricultural plot of land received by them in heri-
tage. A foreign citizen's ownership right may also cover the plot of land that was under his legal
ownership when being the Georgian citizen.
11. Foreign citizens and the legal persons registered abroad are required to alienate the ag-
ricultural land to the Georgian citizen, household or/and legal person registered in Georgia in
accordance with Georgian legislation within the 6 months period from the moment of creation of
their ownership right on these plots of land.
12. In case of non-fulfillment of obligations provided in Paragraph 11 the plots of agricultural
land that are in the ownership of foreign citizen and legal person registered abroad shall be seized
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