The evolving land reforms in Ukraine and its recent strides towards EU membership accentuate the critical importance of addressing the circulation of agricultural land. This article analyzes the European Union's policies concerning the formulation and execution of regulations governing the transfer of agricultural land, given its doctrinal and practical significance in the context of Ukraine's transitional phase. This academic article examines the intricate relationship between European Union (EU) legislation and the regulation of land ownership within its member states, with a particular focus on agricultural land. The analysis delves into the legal framework provided by Article 345 of the Treaty on the Functioning of the European Union, which preserves member states' autonomy in land ownership decisions while emphasizing compliance with the principles of free movement of capital. The article reviews key EU guidelines and directives, such as those concerning land policy design and reform processes, common agricultural policy, and financial regulations, which indirectly impact land transactions and ownership. Additionally, it explores the Union's response to challenges such as land grabbing and concentration of ownership, including guidelines for member states to protect agricultural land from speculative practices and monopolization. Furthermore, the article discusses recent legal precedents, notably the CJEU's ruling on Bulgaria's residency requirement for land acquisition, which highlights the tension between national policy objectives and EU principles. Through an analysis of EU legislation, court decisions, and policy recommendations, this article offers insights into the evolving dynamics of land ownership regulation within the EU, aiming to contribute to a deeper understanding of the balance between capital movement and national sovereignty in land governance.