Spain

Spain

Restrictions on foreign investment extended until the end of 2021

26 Jun 2021

On 25 June 2021, the Decree-Law 12/2021 entered into force. It extended the screening regime of foreign investment until 31 December 2021. A prior governmental approval is required for any acquisition of more than 10 percent of the stock capital of a Spanish listed company, as well as non-listed companies, if the investment value exceeds €500million. The temporary regime applies to investors from the European Union and the EFTA as well as Spanish investors with EU or EFTA ultimate owners.