Ukrainian businesses can now legally buy land in Ukraine as of Jan. 1 as part of the second phase of a historic decision in March 2020 to lift a near 20-year moratorium on the sale of land. The land market officially opened in July 2021, but until now, only allowed individuals to purchase up to 100 hectares (247 acres). Under this second phase of the law, Ukrainian entities can now participate in the market and along with individuals can purchase up to 10,000 hectares of land (24,710 acres).