Introduces a pre-filing procedure for FDI transactions in strategic sectors

On 1 August 2022, the President of the Council of Ministers adopted Decree No. 133, which seeks to speed up the FDI screening procedure and to introduce a pre-filing procedure for FDI transactions in strategic sectors. The new procedure will allow a preliminary assessment of transactions by the Italian Government in a shorter term. Within 30 days the authority should notify the applicant whether a transaction is subject to screening and should be notified via the ordinary FDI procedure or not. The changes came into force on 24 September 2022.

• Type:

  • Entry and establishment (Approval and admission)

• Industry:

  • Not industry specific

• Sources:

  • www.normattiva.it/, DECRETO DEL PRESIDENTE DEL CONSIGLIO DEI MINISTRI 1 agosto 2022, n. 133, https://www.normattiva.it/atto/caricaDettaglioAtto?atto.dataPubblicazioneGazzetta=2022-09-09&atto.codiceRedazionale=22G00138&atto.articolo.numero=0&atto.articolo.sottoArticolo=1&atto.articolo.sottoArticolo1=10&qId=&tabID=0.3306709536860679&title=lbl.dettaglioAtto, 09 Sep 2022
  • JDSupra, Italian Government’s "golden powers" of intervention in FDI now allows pre-filing of transactions, https://www.jdsupra.com/legalnews/italian-government-s-golden-powers-of-2059009/?origin=CEG&utm_source=CEG&utm_medium=email&utm_campaign=CustomEmailDigest&utm_term=jds-article&utm_content=article-link, 13 Sep 2022