Purchase of ownership of an individual
Svetlana Putrina asks:
Please explain: when buying an apartment in Vilnius, does ownership transfer to a Russian buyer, or are there government restrictions? Why do they say that it is better to buy for a company rather than for an individual?
Thanks!
Expert answers (1)
(Relist)
On May 3, 2023, a law came into force prohibiting Russian citizens and legal entities established or controlled by them from purchasing real estate in Lithuania. Exceptions are provided for Russians who have a temporary or permanent residence permit (residence permit or permanent residence) in Lithuania, as well as for cases of inheritance of property.
Thus, if a Russian buyer does not have a residence permit or permanent residence in Lithuania, he cannot register ownership of real estate in the country.
Some foreign citizens use the practice of acquiring real estate through companies registered in Lithuania if the property is sold together with the land, since only citizens or legal entities of Lithuania and EU countries have the right to purchase land in Lithuania.
Thus, if a Russian buyer does not have a residence permit or permanent residence in Lithuania, he cannot register ownership of real estate in the country.
Some foreign citizens use the practice of acquiring real estate through companies registered in Lithuania if the property is sold together with the land, since only citizens or legal entities of Lithuania and EU countries have the right to purchase land in Lithuania.
19.05.2025
Consultation
LITHUANIA. Visa, residence permit, citizenship
Is it possible to apply for a residence permit after buying an apartment (90k euros) in Lithuania for a couple in which one spouse is already retired? We live in Israel ourselves.
Thank you in advance for your reply
Thank you in advance for your reply
19.05.2025
Other objects in this region
25 of Jun, Wednesday 11:00
Only two days, and only this summer!The only summer will soon take place in the very center of Moscow href="https://moscow.mipif.com/?utm_source=partners&utm_campaign=ho&utm_content=site-news-june-2025 " target="_blank">MIPIF Foreign Real estate exhibition. The event will take place on June 25 and 26 at the Safmar Aurora Lux hotel (Petrovka str., 11).
