MIAMI.- December 31 is the deadline for foreigners from China, Venezuela, Cuba, Russia, Iran, North Korea and Syria to register their properties in Florida according to Law SB264 signed by the governor Ron DeSantis last May.
People of these nationalities with US resident or citizen status are not affected by this measure. There are also exceptions for those who have permission to remain legally in the country, under asylum, TPS, or work or investor visas. People with a tourist visa do not fall within this exemption.
The SB264 law affects citizens of the seven countries already mentioned, who reside outside the United States because as of the regulations came into effect in July, they could no longer purchase agricultural land or residential properties in the state of Florida.
The Act expressly prohibits these nationalities from owning or acquiring any interest in real property within a 10-mile radius of any military installation or critical infrastructure in the state.
The measure is aimed at citizens of countries governed by authoritarian regimes hostile to the United States.
And although the law is not retroactive, it does place some obligations for people from this group of countries who already own property in this jurisdiction.
That is, they must register the asset with the Department of Agriculture if it is land or with the Department of Economic Opportunities if it is property.
A property acquired before the 1st. July 2023 must register before December 31 of this year, and if it is acquired land it must be done before January 1, 2024. The extension deadlines in both cases end on January 31, 2024, after this date penalties will have to be paid.
The penalties will be $1,000 for each day the payment is late. record so this has put more than one running. There are plenty of lawyers on social media who offer to help people comply with this requirement. But below we attach the page through which you can register.
The Law establishes that if the Florida government determines that a foreign owner, of those nationalities, constitutes a risk, a legal action can be activated that can remove possession from the owner of the property and the state has it while the process lasts.
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FOUNTAIN: LAW SB264/DIARIO LAS AMÉRICAS/SOCIAL NETWORKS
