Foreign legal entities (including branches of foreign companies) cannot access land on the same terms as locally incorporated entities. They may only access land on a leasehold long-term basis (up to 99 years), while legal entities of the Republic of Belarus may own certain types of land and hold land on a permanent use basis. Foreign-owned locally incorporated companies are not considered foreign legal entities and, hence, are not affected. Private ownership of agricultural and forestry land is not permitted, regardless of nationality. Legal entities may obtain agricultural and forestry land under permanent use right for such purposes.

From January 1, 2023, the main part of the provisions of the new edition of the Land Code (amended by Law of the Republic of Belarus of July 18, 2022 No. 195-Z) came into force. Among other changes, the new land code expanded the number of situations where foreign citizens (natural persons) or stateless persons can be owners of land plots for servicing residential houses or registered apartments in blocked residential buildings. While before it was only possible to receive such real estate assets by inheritance and under restricted conditions, the new code now allows: 
- receipt by inheritance of a land plot provided to the successor [the right is expanded to the successor, not only the 'close relative' as previously the case]
- acquisition, on the basis of a civil law transaction, of registered shares in the ownership of a land plot with house located on, an apartment in blocked residential building, a garden house or recognition of them in a judicial proceeding, shares in the ownership of these objects;
- acquisition by allocation of share in marital property acquired during marriage with a citizen of the Republic of Belarus, including in the case of subsequent division of the marital (common) property
- receipt by inheritance of a land plot provided to the testator in private ownership;
The new land code also admited the possibility of obtaining land plots from agricultural purposes lands on lease for running a peasant farm and on temporary use for haymaking and grazing of farm animal.

Hence, for the purpose of the OECD FDIRRI, it is considered that the regime for foreign investment in real estate has been liberalised, as since 2023 foreign individual investors have been allowed to acquire residential real estate units on the basis of a civil law transaction. Before this was forbidden.
"With a view of improving the regulation of relationships in the sphere of land protection and use in the territory of the Republic of Belarus, including the order of allotment of land plots when selling immovable property owned by the state, extending the powers of local executive committees in considering the issues of seizure and allotment of the land plots:
1. To establish that:
1.1. land plots are allotted:
-to citizens on the right of temporary use, lifetime hereditable possession, private ownership or lease;
-to individual entrepreneurs, on the right of lease;
-to legal persons of the Republic of Belarus, on the right of permanent or temporary use, private ownership or lease, to legal persons – not being residents of the Republic of Belarus – on the right of lease. [...]" (Edict of the President of the Republic of Belarus No 667 of December 27, 2007 On Seizure and Allotment of Land Plots)
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"Article 13. Types of rights to land plots
1. Land plots may be held by land users and provided to them on the basis of the following rights:
1.1. state and private property, as well as on the right of ownership of foreign states, international organizations;
1.2. lifetime inheritable possession;
1.3. permanent use (use without a predetermined period);
1.4. temporary use;
1.5. lease (sublease).
2. The type of right to land plots is determined in accordance with the requirements of this Code and other legislative acts, depending on the purposes of their use.
Article 14. Ownership of land, land plots
1. Ownership of land, land plots can be state and private. Lands, land plots that are not privately owned by citizens, non-state legal entities of the Republic of Belarus (hereinafter, unless otherwise provided by this Code - private property) and owned by foreign states, international organizations, are owned by the state.
2. A land plot may belong to several owners on the basis of common (shared or joint) ownership.
3. Land plots may be privately owned by citizens, non-state legal entities of the Republic of Belarus, property of foreign states, international organizations.
4. Land plots may be privately owned by foreign citizens, stateless persons, unless otherwise provided by legislative acts, in the event of:
4.1. their receipt by inheritance of a land plot provided to the testator in private ownership;
4.2. providing them with a land plot on which the residential house, dacha, which they inherited, including those not completed and mothballed in accordance with the procedure established by law, is located, registered by the organization for state registration of real estate, rights to it and transactions with it (hereinafter - the organization for state registration) an apartment in a blocked residential building, separated from other apartments by a vertical wall and located directly on a land plot (hereinafter referred to as an apartment in a blocked residential building), a garden house, a registered share in the ownership of these objects, if the testator did not draw up documents, certifying rights to a land plot;
4.3. acquisition by them, on the basis of a civil law transaction, of registered shares in the right of ownership of a land plot and a residential building located on it, a dacha, including those that have not been completed and mothballed in accordance with the procedure established by law, an apartment registered by a state registration organization in a blocked residential building, a garden a house or recognition of their shares in the ownership of these objects in a judicial proceeding;
4.4. acquisition by them during the period of marriage with a citizen of the Republic of Belarus into common joint ownership of a land plot and a residential building located on it, a summer cottage, including those not completed and mothballed in accordance with the procedure established by law, registered by the organization for state registration of an apartment in a blocked residential building, a garden house or registered shares in the ownership of these objects, including in the case of the subsequent division of jointly acquired property in the manner prescribed by law;
4.5. acquisition by them, on the basis of a civil law transaction or a court decision, of a share in the right of ownership of a land plot owned by one of the spouses (former spouses) on which a residential house, dacha is located, including those that have not been completed and mothballed in accordance with the procedure established by law, an apartment registered by the state registration organization in a blocked residential building, a garden house, which are the common joint property of the spouses, in the event of the division of jointly acquired property in the manner prescribed by law.
5. Citizens of the Republic of Belarus may privately own land plots provided to citizens of the Republic of Belarus prior to the entry into force of this Code, land plots, the right of private ownership of which has passed to them in accordance with the established procedure, as well as land plots provided in accordance with paragraph  6 of this article.
6. Land plots may be provided in private ownership to citizens of the Republic of Belarus for:
6.1. construction and maintenance of a residential building;
6.2. construction and maintenance by a registered organization for state registration of an apartment in a blocked residential building;
6.3. conducting personal subsidiary farming in rural settlements, urban-type settlements;
6.4. collective gardening;
6.5. cottage construction.
7. State-owned land plots may be provided to non-state legal entities of the Republic of Belarus for private ownership based on the results of an auction or without an auction. Without an auction, land plots may be provided to non-state legal entities of the Republic of Belarus in cases where this is allowed by this Code.
8. A foreign state for accommodating a diplomatic mission, a consular office of a foreign state in the Republic of Belarus, as well as an international organization for accommodating its representative office may acquire ownership of a land plot in the manner established by the President of the Republic of Belarus.
Article 15
1. Land plots relating to lands of the following categories and types are not subject to provision into private ownership, property of foreign states, international organizations:
1.1. agricultural land;
1.2. lands of nature protection, health improvement, recreational, historical and cultural purposes;
1.3. forest fund lands;
1.4. water fund lands
1.5. land under roads and other transport communications;
1.6. public land.
2. Land plots are not subject to transfer to private ownership, property of foreign states, international organizations:
2.1. where real estate objects that are only in state ownership are located;
2.2. in territories subjected to radioactive contamination (evacuation (exclusion) zones, priority resettlement zones and subsequent resettlement zones from which the population was resettled);
2.3. on the areas of occurrence of explored mineral deposits. The list of settlements, horticultural associations, dacha cooperatives located on the areas of occurrence of explored mineral deposits is approved by the Council of Ministers of the Republic of Belarus;
2.4. which, in accordance with the approved general plans of cities and other settlements, town-planning projects of detailed planning, schemes for land management of districts and land management documentation, are provided for targeted use, excluding their transfer to ownership.
[...]
Article 17. Permanent use of land plots
1. Legal entities may have land plots on the right of permanent use:
1.1. provided to legal entities prior to the entry into force of this Code;
1.2. the right of permanent use for which, in accordance with the established procedure, was transferred to state organizations or business companies, more than 50 percent of the shares (stakes in authorized funds) of which belong to the state;
1.3. provided in accordance with  paragraph 2 of this article.
2. Land plots are provided for permanent use:
2.1. to state bodies, other state organizations (except for the provision of land plots for the construction of gas stations) - for the implementation of their tasks and functions provided for by law;
2.2. to non-state legal entities of the Republic of Belarus - for the construction and maintenance of state-owned real estate objects;
2.3. agricultural organizations, including peasant (farmer) farms, other organizations - for agriculture, including peasant (farm) farming, as well as for farming;
2.4. scientific organizations, educational institutions - for research and (or) educational purposes in the field of agriculture or forestry;
2.5. legal entities engaged in forestry - for forestry;
2.6. religious organizations - for the construction and maintenance of burial places, religious buildings, including buildings of diocesan administrations, monastic complexes, religious educational institutions;
2.7. legal entities - for the construction and maintenance of multi-apartment residential buildings (with the exception of residential buildings of increased comfort), the construction and maintenance of hostels, garages and car parks;
2.8. horticultural associations, dacha cooperatives - for collective gardening, dacha construction (land plots for common use);
2.9. legal entities - if it is required to provide them with another land plot instead of the withdrawn one, in cases where the withdrawn land plot is provided to such persons on the basis of the right of permanent use;
2.10. legal entities of the Republic of Belarus - in connection with the reconstruction of existing capital structures (buildings, structures), isolated premises in capital structures (buildings, structures), if it is required to increase the size of the land plot provided to the legal entity on the right of permanent use;
2.11. legal entities of the Republic of Belarus - for the construction and maintenance of transport and engineering infrastructure facilities and roadside service facilities, with the exception of cases of construction of roadside service facilities on the territory of Minsk, regional centers, Brest, Vitebsk, Gomel, Grodno, Minsk and Mogilev regions;
2.12. participants in joint home ownership, organizations of developers, partnerships of owners, organizations managing the common property of joint home ownership, authorized persons for managing the common property of joint home ownership - for the construction and maintenance of multi-apartment, blocked residential buildings in which relations on joint home ownership have arisen (arise);
2.13. agricultural organizations, including peasant (farm) enterprises, legal entities that have a branch or other separate subdivision, engaged in entrepreneurial activities for the production of agricultural products, whose revenue from the sale of products is at least 50 percent of the total revenue of this branch or other separate subdivision , legal entities engaged in forestry, other state organizations - for the construction and maintenance of residential buildings, the construction and maintenance of apartments in blocked residential buildings for employees of such organizations, employees of organizations in the socio-cultural sphere, as well as for the accommodation of agroecotourists.
3. Legislative acts may also establish other cases of granting land plots for permanent use.
Article 18. Temporary use of land plots
1. Citizens, legal entities of the Republic of Belarus may have land plots granted to them before the entry into force of this Code or in accordance with paragraph 2 of this article, as well as legal entities of the Republic of Belarus -  land plots, the right of temporary use for which, in accordance with the established procedure, passed to them from other legal entities of the Republic of Belarus.
2. Land plots may be provided for temporary use:
2.1. to persons and for the purposes specified in  paragraph 2 of Article 17 of this Code - for a period of up to 10 years, unless otherwise provided by this Code and other legislative acts;
2.2. citizens for gardening, haying and grazing farm animals - for up to 10 years;
2.3. citizens of the Republic of Belarus, specified in  Article 53 of this Code, for the construction (installation) of temporary individual garages - for a period of up to 10 years;
2.4. state organizations or business entities, more than 50 percent of the shares (stakes in the authorized capital) of which are owned by the state, for the extraction of common minerals, including peat, the construction of facilities necessary for their processing and storage, as well as for the use of geothermal subsoil resources and drying lignin, for the extraction of strategic minerals, minerals of limited distribution in the presence of a mining allotment, construction of facilities necessary for their processing and storage - for the period established by the legislation on the protection and use of subsoil for these purposes;
2.5. concessionaires on the basis of concession agreements - for a period of up to 99 years in accordance with this Code and other legislative acts on the protection and use of land and on concessions;
2.6. to private partners on the basis of a public-private partnership agreement - for the period stipulated by the public-private partnership agreement.
3. Legislative acts may also establish other cases of provision of land plots for temporary use.
Article 19
1. Land plots can be leased to citizens, individual entrepreneurs, legal entities of the Republic of Belarus, foreign legal entities and their representative offices, foreign states, diplomatic missions and consular offices of foreign states, international organizations and their representative offices in accordance with this Code and other legislative acts on the protection and use of land.
2. Lessors of state-owned land plots are state bodies exercising state regulation and management in the field of land use and protection in accordance with their competence, provided for by this Code and other legislative acts.
3. Lessors of state-owned land plots may be the administrations of free economic zones in the event that land plots are provided to residents of the corresponding free economic zones, special tourist and recreational parks, the management body of which is the administration of the free economic zone, within the boundaries of these zones, parks with carrying out, if necessary, the transfer of land plots from one category to another, including the conclusion of lease agreements for these land plots.
4. Citizens, non-state legal entities of the Republic of Belarus, having land plots in private ownership, may be lessors of these land plots, provided that their intended purpose is preserved and subject to the restrictions established by this Code.
5. Leasing of a state-owned land plot is carried out in the manner determined by the Council of Ministers of the Republic of Belarus.
6. The terms and other conditions of the lease of a state-owned land plot are determined by the land plot lease agreement. The term of lease of a state-owned land plot for agriculture cannot be less than 10 years. The lease term of a state-owned land plot provided for purposes related to the construction and maintenance of capital structures (buildings, structures) must be at least the standard period for the construction and (or) operation of these capital structures (buildings, structures). The provision of a state-owned land plot for a shorter period may be carried out only at the request of the person to whom this land plot is provided, or with his consent. Land lease period owned by the state must not exceed 99 years. The term of lease of a state-owned land plot provided for purposes related to the use of a leased water body (its part) must not exceed the lease term of this water body (its part).
7. On state-owned and leased land plots, it is allowed to build capital structures (buildings, structures), create tree and shrub vegetation (plantations) or plantations of herbaceous perennial plants by tenants, if this corresponds to the intended purpose of these land plots and conditions their provision for rent, specified in the decisions of state bodies exercising state regulation and management in the field of use and protection of land, and lease agreements for land plots.
8. Leasing out privately owned land plots with residential buildings located on them, apartments registered by state registration organizations in blocked residential buildings, dachas, garden houses, other capital structures (buildings, structures) is allowed only together with these capital buildings (buildings, structures) with the preservation of the designated purpose of land plots and in the presence of documents certifying the rights to these real estate objects.
9. It is not allowed to change the type of right to land plots leased by citizens of the Republic of Belarus with payment for the right to lease, to the right of lifetime inheritable possession in relation to land plots intended for:
9.1. collective gardening;
9.2. construction and (or) maintenance of residential buildings (with the exception of land plots owned by citizens who are registered as in need of improved housing conditions).
10. In case of inheritance of land plots privately owned by a citizen, minor heirs may lease land plots to citizens by the legal representatives of the heirs in agreement with the Minsk city, city (cities of regional, district subordination), district, rural, settlement executive committees before the acquisition heirs of legal capacity in full.
11. The terms and other conditions for the lease of land plots that are privately owned by citizens, non-state legal entities of the Republic of Belarus are determined by the land plot lease agreement.[...]" (LAND CODE OF THE REPUBLIC OF BELARUS, July 23, 2008 No. 425-З, last amended by Law of the Republic of Belarus of July 18, 2022 No. 195-Z [google translation])
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Previously [up to 1 January 2023]
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CHAPTER 1 - GENERAL PROVISIONS
Article 12. Ownership of land, land
Ownership of land, land plots can be public and private. Land, land plots that are not privately owned by citizens, non-state legal entities of the Republic of Belarus (hereinafter - private property, unless otherwise provided by this Code) and in the ownership of foreign states, international organizations, are owned by the state.
A land plot may belong to several owners on the basis of the right of common (shared or joint) ownership.
Land plots may be privately owned by citizens of the Republic of Belarus, non-state legal entities of the Republic of Belarus, property of foreign states, international organizations.
Land plots may be privately owned by foreign citizens, stateless persons who are relatives of the testator, if they inherit the land plots granted to the testator in private ownership, unless otherwise provided by legislative acts.
The private property of citizens of the Republic of Belarus may include land plots granted to citizens of the Republic of Belarus before the entry into force of this Code, land plots, the right of private ownership of which was transferred to them in the established manner, as well as land plots granted in accordance with part six of this article.
Land plots may be privately owned by citizens of the Republic of Belarus for:
-construction and (or) maintenance of a residential building; [...]
Non-state legal entities of the Republic of Belarus: state-owned land plots may be provided in private ownership by auction results or without an auction. Without an auction, land can be provided to non-state legal entities of the Republic of Belarus in cases where this is allowed in accordance with legislative acts, as well as in other cases determined by the President of the Republic of Belarus.
To host a diplomatic mission, a consular post of a foreign state in the Republic of Belarus, a foreign state, as well as an international organization to host its representative office, may acquire ownership of a land plot in the manner established by the President of the Republic of Belarus.
[...]
Article 13. Land plots not subject to private ownership, property of foreign states, international organizations
Land plots related to lands of the following categories and types are not subject to provision in private ownership, property of foreign states, international organizations:
-agricultural land;
-lands of nature conservation, health, recreation, historical and cultural purpose;
-lands of the forest fund;
-lands of water fund;
-land under roads and other transport communications;
-common land.
Land plots are not subject to provision in private ownership, property of foreign states, international organizations:
-on which are located real estate objects that are only in state ownership;
-in territories subjected to radioactive contamination (evacuation (exclusion) zones, areas of primary resettlement and areas of subsequent resettlement from which the population is resettled);
-in the areas of proven mineral deposits. The list of settlements, horticultural partnerships, summer house cooperatives located on the areas of proven mineral deposits is approved by the Council of Ministers of the Republic of Belarus;
-which, in accordance with the approved master plans of cities and other settlements, urban planning projects of detailed planning, district land management schemes and land management documentation, are provided for intended use, which excludes their provision in ownership. [...]
Article 15. Permanent use of land
The legal entities of the Republic of Belarus may have land plots granted to them prior to the entry into force of this Code, land plots, the right of permanent use of which has been transferred to them from other legal entities of the Republic of Belarus in accordance with the established procedure, as well as land plots granted in accordance with part two of this article.
Land plots are provided for permanent use:
-to state bodies, other state organizations (except for the provision of land for the construction of gas stations) - to carry out their tasks and functions provided for by law;
-non-state legal entities of the Republic of Belarus - for servicing state-owned real estate objects;
-agricultural organizations, including peasant (farmer) farms, other organizations - for farming, including peasant (farmer) farming, as well as for auxiliary farming;
-scientific organizations, educational institutions - for research and (or) educational purposes in the field of agriculture or forestry;
-state forestry institutions, organizations of local executive committees, whose competence includes forestry, forestry - for forestry;
-religious organizations - for the construction and (or) maintenance of burial places, places of worship, including buildings of diocesan administrations, monastery complexes, theological educational institutions;
-legal entities - for the construction of multi-apartment residential buildings (with the exception of luxury residential buildings according to the criteria defined by legislative acts), maintenance of multi-apartment residential buildings, construction and (or) maintenance of dormitories, garages and parking lots;
-horticultural partnerships, country cooperatives - for collective gardening, summer cottage construction (land plots of common use);
-legal entities, if it is required to provide them with another land plot in exchange for the seized property, in cases where the seized land plot has been granted to such persons on a permanent use basis;
-legal entities of the Republic of Belarus - for the reconstruction of existing capital structures (buildings, structures), isolated premises in capital structures (buildings, structures), if a change in the purpose and (or) the size of the land granted to the legal entity on a permanent basis is required;
-legal entities of the Republic of Belarus - for the construction and (or) maintenance of transport and engineering infrastructure facilities and roadside service facilities, with the exception of cases of construction of roadside service facilities in the suburban areas of Minsk and regional centers;
-partnerships of owners, authorized persons for the management of real estate of a joint homeownership - for servicing multi-unit, blocked residential buildings in which joint ownership has arisen;
-agricultural organizations, including peasant (farmer) farms, legal entities having a branch or other separate division, carrying out entrepreneurial activities in the production of agricultural products, the proceeds from their sale of which is at least 50 percent of the total proceeds of this branch or other separate division , state forestry institutions, other state organizations - for the construction and (or) maintenance of residential buildings, maintenance living apartments in blocked residential buildings for employees of such organizations, workers of organizations of the socio-cultural sphere, as well as accommodation of agroecotourists.
Legislative acts and decisions of the President of the Republic of Belarus may establish other cases of granting land plots for permanent use.
Article 16. Temporary use of land
On the right of temporary use, citizens, legal entities of the Republic of Belarus may have land plots granted to them before the entry into force of this Code or in accordance with part two of this article, as well as legal entities of the Republic of Belarus - land plots, the right of temporary use for which in the prescribed manner passed to them from other legal entities of the Republic of Belarus.
For temporary use, land plots may be provided:
-persons and for the purposes specified in the second part of Article 15 of this Code, for a period of up to ten years, unless otherwise provided by this Code and other legislative acts;
-citizens for gardening, haying and grazing farm animals - for up to ten years;
-to citizens of the Republic of Belarus specified in Article 41 of this Code for the construction (installation) of temporary individual garages - for a period of up to ten years;
-legal entities of the Republic of Belarus for the extraction of common minerals, including peat, construction of facilities necessary for their processing and storage, as well as for the use of geothermal resources of the subsoil and drying of lignin, for the extraction of strategic minerals, minerals of limited distribution in the presence of mining allotment , construction of facilities necessary for their processing and storage - for the period established by the legislation on the protection and use of subsoil for these purposes;
-to concessionaires on the basis of concession agreements - for a period of up to ninety-nine years in accordance with this Code and other legislative acts on the protection and use of land and on concessions.
Legislative acts and decisions of the President of the Republic of Belarus may establish other cases of the provision of land for temporary use.
Article 17. Land lease
Land plots may be leased to citizens, individual entrepreneurs, legal entities of the Republic of Belarus, foreign legal entities and their representative offices, foreign states, diplomatic missions and consular offices of foreign states, international organizations and their representative offices in accordance with this Code and other acts of legislation on protection and land use. [...]
Citizens, non-state legal entities of the Republic of Belarus, having land plots in private ownership, may be lessors of these land plots provided that their intended purpose is preserved and subject to the restrictions established by this Code. The lease of land plots privately owned for the construction of capital structures (buildings, structures) is prohibited, unless otherwise provided by the President of the Republic of Belarus, until their owners receive documents certifying the right to capital structures located on these sections (buildings, structures). [...]
The terms and other conditions for the lease of a land plot are determined by the lease agreement for the land plot. The term of the lease of a land plot for farming shall not be less than ten years. The lease term for a state-owned land plot and provided for purposes related to the construction and (or) maintenance of capital structures (buildings, structures) must be at least the standard term for the construction and (or) operation of these capital structures (buildings, structures) . The provision of a land plot for a shorter period may be carried out only with the consent of the persons to whom this land plot is provided. The lease term for a land plot shall not exceed ninety-nine years.[...]" (LAND CODE OF THE REPUBLIC OF BELARUS July 23, 2008 No. 425-З, last amended by Law of the Republic of Belarus dated October 24, 2016 No. 439-Z [google translated])

Edict of the President of the Republic of Belarus No 667 of December 27, 2007 On Seizure and Allotment of Land Plots
LAND CODE OF THE REPUBLIC OF BELARUS July 23, 2008 No. 425-З [google translated]
LAND CODE OF THE REPUBLIC OF BELARUS, July 23, 2008 No. 425-З, last amended by Law of the Republic of Belarus of July 18, 2022 No. 195-Z [google translation]
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