COPENHAGEN: Greenland’s parliament has adopted laws limiting foreigners’ proper to personal property on the huge Arctic island, following mounting curiosity from US buyers on the Danish territory coveted by President Donald Trump.
The textual content was adopted late on Thursday (Nov 13) by 21 votes, with six lawmakers abstaining.
Non-Danish residents and international corporations will solely be allowed to purchase property or land-use rights if they’ve been everlasting residents and paid all their taxes in Greenland for the earlier two years.
“Folks with Danish nationality should purchase a property and land-use rights in Greenland,” the brand new regulation specified.
Earlier this 12 months, a survey carried out by Danish each day Politiken confirmed a rising US curiosity in buying property in Greenland.
Since returning to the White Home in January, Trump has repeatedly mentioned the US wants the strategically positioned, resource-rich island for safety causes, and has refused to rule out the use of force to secure it.
The brand new laws means solely folks and corporations from Greenland, the Faroe Islands and Denmark shall be allowed to purchase property and land-use rights in Greenland.
The brand new regulation is because of enter into pressure on Jan 1.
