Temporarily extends its FDI screening regime due to the pandemic
24 Jun 2020
On 24 June 2020, a new legislation entered into force extending significantly the FDI screening mechanism in Poland for 24 months. A foreign acquisition from non-EEA countries requires prior clearance from the President of the Polish Competition Authority, if it targets a company generating turnover exceeding EUR 10 million that either:
1) is a publicly listed company,
2) controls assets classified as critical infrastructure,
3) develops or maintains software crucial for vital processes (e.g. utilities systems, financial transactions, food distribution, transport and logistics, health care systems);
4) conducts business in one of 21 specific industries, including energy, gas and oil production, storage, distribution and transportation; manufacture of chemicals, pharmaceuticals and medical instruments, telecommunication and food processing.
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Type:
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Entry and establishment (Approval and admission)
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Industry:
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Manufacturing (Manufacture of food products, beverages and tobacco products, Manufacture of coke and refined petroleum products, Manufacture of chemicals and chemical products, Manufacture of basic pharmaceutical products and pharmaceutical preparations, Manufacture of basic metals)
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Services (Electricity, gas, steam and air conditioning supply, Transportation and storage, Telecommunications, Public administration and defence; compulsory social security, Human health activities)
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Sources:
