Tag: Foreign Ownership Restrictions
-
Texas Law Restricting Foreign Buyers Chills Chinese Investment
Tonya Li works as a real estate agent in Austin. A Sotheby’s agent, Li has represented Chinese clients for the better part of a decade. Li reports losing 50% of her work after Texas enacted a new state law, banning certain foreigners from buying real estate. Texas Senate Bill 17 came into effect in September.…
-
Navigating Oklahoma’s New Land Ownership Law: A Guide to Compliance
With the enactment of Senate Bill 212, Oklahoma tightens the reins on foreign land ownership, taking effect on November 1, 2023. This initiative comes in the wake of increased foreign-owned marijuana farming operations. The amended law now restricts indirect land ownership by foreign individuals unless engaged in regulated interstate commerce as per federal law. A…
