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[Webinar] New Florida Law Banning Real Estate Ownership by Foreign Principals From Certain Foreign Countries
May 23, 2023
On May 8, 2023, Gov. Ron DeSantis signed into law Senate Bill 264, creating Florida Statutes sections 692.201 through 692.205, which prohibits the direct or indirect ownership of various categories of real estate by individuals and companies (in addition to government and party officials) from a number of foreign nations.

Subject to limited exceptions, statutorily defined “foreign principals,” which includes a number of individuals and corporate structures, “from foreign countries of concern,” including China, Russia, Iran, North Korea, Cuba, Venezuela, and Syria, will be subject to the new ownership prohibitions and reporting requirements. Furthermore, the law puts a particular emphasis on various Chinese parties, with stricter restrictions and heightened penalties.

 

In this webinar, speakers summarize SB 264 and break down the restrictions implemented by the bill.
Presented By
Image: Jin Liu
Jin Liu
Image: Aaron C. Dunlap
Aaron C. Dunlap
Image: Robert S. Freedman
Robert S. Freedman
Image: Kari B. Hebrank
Kari B. Hebrank
Image: William P. Sklar
William P. Sklar
Related Practices
Business Transactions Government Law & Consulting Real Estate
Related Industries
Real Estate Property & Casualty Insurance
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