Extends and expands the FDI screening regime until 31 December 2024

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.

• Type:

  • Entry and establishment (Ownership and control, Approval and admission)

• Industry:

  • Not industry specific

• Sources:

  • Boletin Oficial del Estado, Real Decreto-ley 20/2022, de 27 de diciembre, de medidas de respuesta a las consecuencias económicas y sociales de la Guerra de Ucrania y de apoyo a la reconstrucción de la isla de La Palma y a otras , https://boe.es/diario_boe/txt.php?id=BOE-A-2022-22685, 28 Dec 2022
  • Lexology, Inversiones extranjeras directas: se amplía el concepto y se extiende el régimen transitorio aplicable a inversiones de la UE y de la AELC, https://www.lexology.com/library/detail.aspx?g=5416953e-cb80-49ae-838b-ba459238c910&utm_source=Lexology+Daily+Newsfeed&utm_medium=HTML+email+-+Body+-+General+section&utm_campaign=Lexology+subscriber+daily+feed&utm_content=Lexology+Daily+Newsfeed+2023-01-03&utm_term=, 29 Dec 2022