Here at Access Title Agency we are dedicated to keeping you informed about crucial developments in the real estate landscape. In this article, we address a recent development that may significantly impact property transactions involving non-U.S. citizens in Florida. Florida Governor Ron DeSantis recently signed Ch. No. 2023-33 (Senate Bill 264), known as the Interests of Foreign Countries law, which took effect on July 1, 2023. This new legislation introduces restrictions and regulations on the sale, purchase, and ownership of certain properties in Florida by foreign individuals and entities. The law specifically targets foreign principals, particularly those from China, Russia, Iran, North Korea, Cuba, Syria, and the Venezuelan regime of Nicolas Maduro. Understanding the Key Points Restricted Land Categories: The Interests of Foreign Countries law imposes limitations on foreign individuals…