News & Analysis as of

Foreign Entities Florida

Bilzin Sumberg

New Rules Regarding the Purchase of Florida Real Property by Certain Persons or Entities from China

Bilzin Sumberg on

​​​​​​​On February 6, 2025, Rules 73C-61.001-.007, F.A.C. (“PRC Rules”), go into effect for implementing Section 692.204, Florida Statutes—the law restricting the purchase of real property by certain persons or entities from...more

Dickinson Wright

Florida’s Foreign Entities Act Declared Unconstitutional in Recent Ruling

Dickinson Wright on

In a recent legal development, the 11th US Circuit issued a consequential verdict in Shen v. Simpson, a federal lawsuit challenging Florida’s Conveyances to Foreign Entities Act (SB 264), which restricts individuals from...more

Bilzin Sumberg

Florida Real Estate Commission Finalizes Buyer’s Affidavits for Conveyances to Foreign Entities

Bilzin Sumberg on

The Florida Real Estate Commission’s form buyer’s affidavits for conveyances to foreign entities are finally available and go into effect on January 17, 2024. This should provide some relief for practitioners and title...more

DarrowEverett LLP

What Florida’s SB 264 Means for Foreign Ownership of Real Property

DarrowEverett LLP on

This past July, Florida became the latest state to adopt legislation with the goal of restricting foreign governments and individuals from real property ownership. Florida’s controversial new bill, SB 264, Interests of...more

McDermott Will & Emery

Florida Passes Law Restricting Foreign Ownership of Real Estate

McDermott Will & Emery on

The Florida Legislature recently passed Senate Bill 264 (SB 264), which Governor Ron DeSantis signed into law on May 8, 2023. SB 264 notably presents several new restrictions on persons or entities from certain foreign...more

Foley & Lardner LLP

Tougher Penalties for Corporate Espionage: A New Model?

Foley & Lardner LLP on

In this divided political age, it is rare that a legislative body can agree on anything. It is rarer still to pass something unanimously. But the Florida Legislature found something ALL 145 members could agree on: the...more

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