Foreigners owning agricultural land in Georgia to be fined in case of not tilling the land

A foreigner or a legal person of private law, who is registered in Georgia and whose dominant partner is a foreigner or a legal person registered overseas, shall be obliged to till agricultural land.

In case of failure to comply with the obligations within three years, they shall be sanctioned.

The legislative package drafted by the Parliament provides for an administrative fine - 500 GEL and 300 GEL for each another hectare of plot, but no more than 20 000 GEL. Non-fulfillment of the above-mentioned obligation in each following year shall result in the GEL 700 fine and 400 GEL for each another hectare of plot, but no more than 30 000 GEL.