07/26/2023
In addition to Compliance with Floridaโs Conveyances to Foreign Entities Act, please read below;
๐๐
๐ ๐๐๐๐๐ ๐๐ ๐ ๐
๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐๐, ๐
๐๐๐๐๐๐ ๐๐๐ ๐๐๐๐๐๐๐๐๐ ๐๐๐๐:
โข From purchasing or acquiring any interest in real property in Florida classified as agricultural land or within 5 miles of a military installation.
โข With limited exceptions, from purchasing or acquiring any interest in real property in Florida within 10 miles of a critical infrastructure facility or military installation
๐๐๐๐: Foreign principals of the Peopleโs Republic China are prohibited from purchasing or acquiring any interest in any real property in Florida regardless of its classification, subject to the Limited Residential Exception and Diplomatic Purposes Exception described below;
๐๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐๐๐ ๐๐๐ ๐๐๐๐๐:
โข Limited Residential Exception - If the Buyer is a โnatural personโ subject to the law, they may still purchase one residential real property, up to 2 acres in size, if all of the following apply:
(a) The parcel is not on or within 5 miles of any military installation;
(b) Buyer has a current verified United States visa that is not limited to authorizing tourist-based travel or official documentation confirming that the person has been granted asylum in the United States and such visa or documentation authorizes the person to be legally present in Florida;
(c) The purchase is in the Buyerโs name, i.e., the name of the person who holds the visa or official documentation described in paragraph
(b), and
(d) The Buyer is only entitled to one residential property as described above.
๐๐ข๐ฉ๐ฅ๐จ๐ฆ๐๐ญ๐ข๐ ๐๐ฎ๐ซ๐ฉ๐จ๐ฌ๐๐ฌ ๐๐ฑ๐๐๐ฉ๐ญ๐ข๐จ๐ง - The real property is for diplomatic purposes as recognized, acknowledged, or allowed by the Federal Government.