If the permit is requested for the acquisition of a plot of land for construction of buildings or facilities necessary for economic activities, the investors must also furnish information as to the capital being invested, specific investments and plans for direct economic activities in Lithuania, the creation of new jobs, and environmental safety guarantees. These two orders are drafted in accordance with the Constitutional Amendment, making the provisions deriving therefrom already possible to be enforced. This law regulates the legal registration of land, buildings, structures and other real property. All data about real estate and rights deriving therefrom, registered in the Central Mortgage Office, shall be recognised as correct and complete, unless invalidated in a manner prescribed by law. The property of a joint venture or foreign capital enterprise must be insured, though it is not specified against what potential hazard.
Most foreign companies insure against property damage.
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