Spain

Spain

Extends and expands the FDI screening regime until 31 December 2024

27 Dec 2022

On 27 December 2022, the Government of Spain issued the Royal Decree-Law No.20/2022 that introduced some changes to the FDI screening regime. The decree extended the scope of foreign investment definition to cover those investments by which control is acquired over “all or a part” of a Spanish company. It further suspended until 31 December 2024 the liberalization of foreign direct investments made by residents based in member countries of the European Union (“EU”) (other than Spain) and the European Free Trade Association into publicly listed companies or into unlisted companies if the value of the investment exceeds 500 million euros.