Can a foundation acquire agricultural land?
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Yes. By reason of the free movement of capital, any EU national — regardless of citizenship, corporate seat, or other conditions — may acquire agricultural and forestry land in Austria, provided proper cultivation is ensured.
By reason of the free movement of capital, any EU national — regardless of nationality, the registered seat of their enterprise, or any other personal condition — may acquire agricultural and forestry land in Austria, and in particular in Tyrol, provided that proper cultivation of the land is ensured.
The transfer of agricultural or forestry assets to a foundation is one of the transactions that falls within the scope of the free movement of capital.