Italy

Italy

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

01 Aug 2022

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.