{"id":9474,"date":"2024-01-02T12:21:54","date_gmt":"2024-01-02T15:21:54","guid":{"rendered":"https:\/\/wsclegal.com\/?p=9474"},"modified":"2026-02-11T14:18:03","modified_gmt":"2026-02-11T17:18:03","slug":"executive-order-70-23-rural-land-law","status":"publish","type":"post","link":"https:\/\/wsclegal.com\/en\/executive-order-70-23-rural-land-law\/","title":{"rendered":"Rural Land Law: Foreign Ownership"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row full_width=&#8221;stretch_row_content_no_spaces&#8221; content_placement=&#8221;middle&#8221; css=&#8221;.vc_custom_1694620103250{margin-top: 0px !important;margin-right: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;padding-left: 10% !important;background-color: #e8eef5 !important;}&#8221; conditional_render=&#8221;%5B%7B%22value_role%22%3A%22administrator%22%7D%5D&#8221; el_class=&#8221;titulopostcheckout&#8221;][vc_column css=&#8221;.vc_custom_1674106037719{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}&#8221; conditional_render=&#8221;%5B%7B%22value_role%22%3A%22administrator%22%7D%5D&#8221;][vc_column_text css=&#8221;.vc_custom_1703777214013{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 3% !important;padding-bottom: 3% !important;}&#8221;]<\/p>\n<p style=\"text-align: left; margin-bottom: 0px;\"><span style=\"color: #003e59;\">Check out the latest <\/span><span style=\"color: #003e59;\">news on laws and <\/span><span style=\"color: #003e59;\">regulations.<\/span><\/p>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row full_width=&#8221;stretch_row_content_no_spaces&#8221; equal_height=&#8221;yes&#8221; content_placement=&#8221;middle&#8221; conditional_render=&#8221;%5B%7B%22value_role%22%3A%22administrator%22%7D%5D&#8221; css=&#8221;.vc_custom_1692799876407{margin-top: 0px !important;margin-bottom: 25px !important;border-top-width: 2px !important;border-bottom-width: 2px !important;padding-top: 22px !important;padding-right: 10% !important;padding-bottom: 22px !important;padding-left: 10% !important;border-top-color: #bc9640 !important;border-top-style: solid !important;border-bottom-color: #bc9640 !important;border-bottom-style: solid !important;}&#8221;][vc_column width=&#8221;1\/2&#8243; conditional_render=&#8221;%5B%7B%22value_role%22%3A%22administrator%22%7D%5D&#8221; css=&#8221;.vc_custom_1674353033684{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}&#8221; offset=&#8221;vc_col-xs-6&#8243;][vc_column_text css=&#8221;.vc_custom_1674242948387{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}&#8221;]<\/p>\n<p style=\"text-align: left;\"><span style=\"color: #003e59;\">Insights<\/span><\/p>\n<p>[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/2&#8243; css=&#8221;.vc_custom_1674353042854{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}&#8221; conditional_render=&#8221;%5B%7B%22value_role%22%3A%22administrator%22%7D%5D&#8221; offset=&#8221;vc_col-xs-6&#8243;][vc_column_text css=&#8221;.vc_custom_1694620983785{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}&#8221;]<\/p>\n<p style=\"text-align: right;\"><span style=\"color: #003e59;\"> <a href=\"https:\/\/wsclegal.com\/en\/insights\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-5363\" src=\"https:\/\/wsclegal.com\/wp-content\/uploads\/2023\/01\/flecha.png\" alt=\"\" width=\"20\" height=\"16\" \/><\/a>\u00a0 Volver<\/span><\/p>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row full_width=&#8221;stretch_row_content_no_spaces&#8221; conditional_render=&#8221;%5B%7B%22value_role%22%3A%22administrator%22%7D%5D&#8221; el_class=&#8221;sec-top&#8221; css=&#8221;.vc_custom_1675395705007{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-right: 10% !important;padding-bottom: 0px !important;padding-left: 10% !important;}&#8221;][vc_column][vc_single_image image=&#8221;10452&#8243; img_size=&#8221;&#8221; alignment=&#8221;center&#8221; css=&#8221;.vc_custom_1743081119659{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}&#8221; label=&#8221;&#8221;][\/vc_column][\/vc_row][vc_row conditional_render=&#8221;%5B%7B%22value_role%22%3A%22administrator%22%7D%5D&#8221; el_class=&#8221;internapost margenmob&#8221; css=&#8221;.vc_custom_1674404868551{padding-top: 50px !important;}&#8221;][vc_column width=&#8221;4\/5&#8243;][vc_column_text]<\/p>\n<h1><span style=\"color: #003e59;\">Farewell to Restrictions on Foreign Ownership of Rural Land?<\/span><\/h1>\n<p>Among the 84 pages of the DNU, modifying or repealing over 300 federal laws and regulations, is perhaps one of the most significant developments for foreign direct investment: <strong>The repeal of the Rural Land Law.<\/strong>[\/vc_column_text][vc_custom_heading text=&#8221;Key Aspects of the Rural Land Law&#8221; use_theme_fonts=&#8221;yes&#8221; skin=&#8221;primary&#8221; show_border=&#8221;yes&#8221; border_skin=&#8221;primary&#8221; border_size=&#8221;xs&#8221;][vc_column_text]Enacted in December 2011, Law No. 26,737 (the Protection of National Dominion over Ownership, Possession, or Tenancy of Rural Land Law) sought to regulate and restrict foreign ownership of rural land. Key provisions of the Rural Land Law included:<\/p>\n<ul>\n<li><strong>Limits on Foreign Ownership<\/strong>: No more than 15% of rural land in the entire nation could owned or possessed by foreign persons, including legal entities owned or controlled by foreign persons.<\/li>\n<li><strong>Nationality Quotas<\/strong>: Of the 15% nationwide, no more than 30% may be of the same nationality.<\/li>\n<li><strong>Limits on Landholding<\/strong>: The Rural Land Law identified certain geographic \u201ccore zones\u201d (areas like Argentina\u2019s famed Pampa H\u00fameda that are critical to food supply) and limited ownership by individual foreign persons to 1,000 hectares in the relevant core zone.<\/li>\n<li><strong>Border and Water Resource Restrictions<\/strong>: No foreign person could own or possess coastal lands, property located along a national border, or property adjacent to or above a large water body.<\/li>\n<\/ul>\n<p>Over the years, the Rural Land Law underwent several changes, tending to be more restrictive under some governments and less restrictive under others, depending on their outlook toward foreign direct investment.<\/p>\n<p>Nevertheless, for over 12 years the law has discouraged investment in rural Argentina and prompted complex corporate and financial structures to satisfy the law.[\/vc_column_text][vc_custom_heading text=&#8221;Repeal of the Rural Land Law&#8221; use_theme_fonts=&#8221;yes&#8221; skin=&#8221;primary&#8221; show_border=&#8221;yes&#8221; border_skin=&#8221;primary&#8221; border_size=&#8221;xs&#8221;][vc_column_text]The DNU repeals the Rural Land Law in its entirety. The Milei administration has declared the \u201cfreedom of contract\u201d applies to real property acquisitions and that all persons, including foreign persons, should not encounter restrictions on surface area, location, interest, or nationality when looking to invest in Argentina.<\/p>\n<p>The DNU\u2019s repeal of the Rural Land Law rests on the Argentine Constitution\u2019s principle of equal protection before the law applicable to citizens and non-citizens alike.[\/vc_column_text][vc_custom_heading text=&#8221;Validity and Effectiveness of the DNU&#8221; use_theme_fonts=&#8221;yes&#8221; skin=&#8221;primary&#8221; show_border=&#8221;yes&#8221; border_skin=&#8221;primary&#8221; border_size=&#8221;xs&#8221;][vc_column_text]The DNU went into effect on December 29. Thereafter, the president\u2019s chief of staff has 10 days to submit the DNU to a bicameral congressional committee for review and consideration.<\/p>\n<p>The committee has 10 days to recommend approval or rejection of the entire executive order. Following the committee\u2019s recommendation, or in the absence of this, both legislative houses (Senate and House of Representatives) must vote to accept or reject the executive order.<\/p>\n<p>As with the committee\u2019s recommendation, the vote is on the entirety of the DNU; it cannot be partially approved or rejected. <strong>If either house approves it, the executive order stands<\/strong> and has the \u201cforce of law.\u201d Conversely, <strong>if both houses disapprove, the DNU is void in its entirety<\/strong>, but all acts taken in reliance on the DNU during its effect shall remain valid and binding.[\/vc_column_text][vc_custom_heading text=&#8221;More on Executive Order 70\/23&#8243; use_theme_fonts=&#8221;yes&#8221; skin=&#8221;primary&#8221; show_border=&#8221;yes&#8221; border_skin=&#8221;primary&#8221; border_size=&#8221;xs&#8221;][vc_column_text]For the last 10 days we have reported on various aspects of Decree of Necessity and Urgency 70\/23 (the \u201cDNU\u201d) issued by President Javier Milei. It&#8217;s time we refer to Rural Land changes.<\/p>\n<p>Need the <a href=\"https:\/\/wsclegal.com\/en\/president-milei-executive-order-70-23\/\">English version<\/a> on the DNU and whether it should be deemed final ?\u00a0 \u00a0Furthermore, a <a href=\"https:\/\/wsclegal.com\/en\/fr\/decret-presidentiel-20-73\/\">French version<\/a> of this report is also available.[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/5&#8243;][vc_widget_sidebar sidebar_id=&#8221;blog-sidebar&#8221;][\/vc_column][\/vc_row][vc_row conditional_render=&#8221;%5B%7B%22value_role%22%3A%22administrator%22%7D%5D&#8221; el_class=&#8221;sec-top margenmob&#8221; css=&#8221;.vc_custom_1674404924579{padding-top: 3% !important;padding-bottom: 15px !important;background-color: #e8eef5 !important;}&#8221;][vc_column][vc_column_text css=&#8221;.vc_custom_1674348029620{margin-bottom: 0px !important;padding-top: 5% !important;padding-bottom: 0px !important;}&#8221;]<\/p>\n<h2 style=\"text-align: left; margin-bottom: 8px;\"><span style=\"color: #003e59;\">More information<\/span><\/h2>\n<p>[\/vc_column_text][vc_custom_heading text=&#8221;&#8221; use_theme_fonts=&#8221;yes&#8221; skin=&#8221;primary&#8221; show_border=&#8221;yes&#8221; border_skin=&#8221;primary&#8221; border_size=&#8221;xs&#8221;][\/vc_column][\/vc_row][vc_row css=&#8221;.vc_custom_1674404931104{padding-bottom: 15px !important;background-color: #e8eef5 !important;}&#8221; conditional_render=&#8221;%5B%7B%22value_role%22%3A%22administrator%22%7D%5D&#8221; el_class=&#8221;margenmob&#8221;][vc_column width=&#8221;3\/4&#8243;][vc_column_text css=&#8221;.vc_custom_1674353274203{padding-bottom: 0px !important;}&#8221;]<span style=\"color: #3a3a3a;\">If you would like to discuss this matter with the attorneys at Wiener Soto Caparros, please do not hesitate to contact our author.<\/span>[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/4&#8243;][\/vc_column][\/vc_row][vc_row content_placement=&#8221;middle&#8221; css=&#8221;.vc_custom_1674405179900{padding-top: 0px !important;background-color: #e8eef5 !important;}&#8221; conditional_render=&#8221;%5B%7B%22value_role%22%3A%22administrator%22%7D%5D&#8221; el_class=&#8221;margenmob&#8221;][vc_column width=&#8221;1\/6&#8243;][vc_single_image image=&#8221;6953&#8243; img_size=&#8221;&#8221; css=&#8221;.vc_custom_1704206686707{padding-right: 0px !important;padding-left: 0px !important;}&#8221;][\/vc_column][vc_column width=&#8221;2\/6&#8243;][vc_column_text css=&#8221;.vc_custom_1704206763861{padding-top: 5% !important;padding-right: 0px !important;padding-left: 0px !important;}&#8221;]<\/p>\n<h3 style=\"text-align: left; margin-bottom: 8px;\"><a href=\"https:\/\/wsclegal.com\/en\/ourteam\/laurence-wiener\/\"><span style=\"color: #003e59;\">Laurence P Wiener<\/span><\/a><\/h3>\n<p><a href=\"mailto:lwiener@wsclegal.com\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-5301\" src=\"https:\/\/wsclegal.com\/wp-content\/uploads\/2023\/01\/Group-17.png\" alt=\"\" width=\"30\" height=\"30\" \/><\/a>\u00a0 \u00a0 <a href=\"https:\/\/www.linkedin.com\/in\/laurence-wiener-93023a1\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-5678 \" src=\"https:\/\/wsclegal.com\/wp-content\/uploads\/2023\/01\/Group-10.png\" alt=\"\" width=\"32\" height=\"28\" \/><\/a>[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/2&#8243; 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img_size=&#8221;&#8221; css=&#8221;.vc_custom_1704206546913{padding-right: 0px !important;padding-left: 0px !important;}&#8221;][\/vc_column][vc_column width=&#8221;2\/6&#8243;][vc_column_text css=&#8221;.vc_custom_1704206639338{padding-top: 5% !important;padding-right: 0px !important;padding-left: 0px !important;}&#8221;]<\/p>\n<h3 style=\"text-align: left; margin-bottom: 8px;\"><a href=\"https:\/\/wsclegal.com\/en\/ourteam\/valentina-martinez\/\"><span style=\"color: #003e59;\">Valentina Martinez<\/span><\/a><\/h3>\n<p><a href=\"mailto:vmartinez@wsclegal.com\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-5301\" src=\"https:\/\/wsclegal.com\/wp-content\/uploads\/2023\/01\/Group-17.png\" alt=\"\" width=\"30\" height=\"30\" \/><\/a>\u00a0 \u00a0 <a href=\"https:\/\/www.linkedin.com\/in\/valentina-martinez-0545a714b\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-5678 \" src=\"https:\/\/wsclegal.com\/wp-content\/uploads\/2023\/01\/Group-10.png\" alt=\"\" width=\"32\" height=\"28\" \/><\/a>[\/vc_column_text][\/vc_column][\/vc_row][vc_row css=&#8221;.vc_custom_1674404948471{margin-bottom: 0px !important;padding-top: 15px !important;padding-bottom: 25px !important;background-color: #e8eef5 !important;}&#8221; conditional_render=&#8221;%5B%7B%22value_role%22%3A%22administrator%22%7D%5D&#8221; el_class=&#8221;disclaimerpost margenmob&#8221;][vc_column css=&#8221;.vc_custom_1674349593699{margin-bottom: 0px !important;}&#8221; conditional_render=&#8221;%5B%7B%22value_role%22%3A%22administrator%22%7D%5D&#8221;][vc_column_text css=&#8221;.vc_custom_1674161180467{border-top-width: 2px !important;padding-top: 20px !important;border-top-color: #003e59 !important;border-top-style: solid !important;}&#8221;]<\/p>\n<p style=\"text-align: left; margin-bottom: 8px;\"><span style=\"font-size: 14px; color: #3a3a3a;\"><strong>Disclaimer<\/strong><\/span><\/p>\n<p style=\"text-align: left; margin-bottom: 8px;\"><span style=\"font-size: 14px; color: #3a3a3a;\">This article is based on publicly available information and is for informational purposes only. It is not intended to provide legal advice or an exhaustive analysis of the issues it mentions.<\/span><\/p>\n<p>[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row full_width=&#8221;stretch_row_content_no_spaces&#8221; content_placement=&#8221;middle&#8221; css=&#8221;.vc_custom_1694620103250{margin-top: 0px !important;margin-right: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;padding-left: 10% !important;background-color: #e8eef5 !important;}&#8221; conditional_render=&#8221;%5B%7B%22value_role%22%3A%22administrator%22%7D%5D&#8221; el_class=&#8221;titulopostcheckout&#8221;][vc_column css=&#8221;.vc_custom_1674106037719{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}&#8221; conditional_render=&#8221;%5B%7B%22value_role%22%3A%22administrator%22%7D%5D&#8221;][vc_column_text css=&#8221;.vc_custom_1703777214013{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 3% !important;padding-bottom: 3% !important;}&#8221;] Check out the latest news on laws and regulations. [\/vc_column_text][\/vc_column][\/vc_row][vc_row full_width=&#8221;stretch_row_content_no_spaces&#8221; equal_height=&#8221;yes&#8221; content_placement=&#8221;middle&#8221; conditional_render=&#8221;%5B%7B%22value_role%22%3A%22administrator%22%7D%5D&#8221; css=&#8221;.vc_custom_1692799876407{margin-top: 0px [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":10452,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[99],"tags":[],"class_list":["post-9474","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate"],"featured_image_src":{"landsacpe":["https:\/\/wsclegal.com\/wp-content\/uploads\/2024\/01\/Rural-Land-Law-in-Argentina-1.jpg",640,427,false],"list":["https:\/\/wsclegal.com\/wp-content\/uploads\/2024\/01\/Rural-Land-Law-in-Argentina-1-463x348.jpg",463,348,true],"medium":["https:\/\/wsclegal.com\/wp-content\/uploads\/2024\/01\/Rural-Land-Law-in-Argentina-1.jpg",640,427,false],"full":["https:\/\/wsclegal.com\/wp-content\/uploads\/2024\/01\/Rural-Land-Law-in-Argentina-1.jpg",640,427,false]},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - 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