Investment Policy Monitor
-
UNCTAD has been collecting information on changes in national foreign direct investment (FDI) policies on an annual basis since 1992. This collection has provided input to the analysis of global and regional investment policy trends in the World Investment Report, the Investment Policy Monitors and the UNCTAD-OECD Reports on G20 Measures.
In 2024, to further strengthen the quality of reporting, UNCTAD revised the methodology of monitoring investment policy measures. and revised the measures going back to 2012 accordingly.
The Investment Policy Monitor provides the international investment community with country-specific, up-to-date information about the latest developments in foreign investment policies.
Through its monitoring of investment policy changes, UNCTAD offers cutting-edge and innovative contributions to investment policy discourse, and contributes to preparing the ground for future policymaking in the interest of making foreign investment work for sustainable development.
-
The UNCTAD's Investment Policy Monitor database include official measures affecting FDI adopted by United Nations Member States. These encompass measures explicitly targeting FDI (FDI-specific), as well as general investment measures with a clear impact on foreign investment (FDI-related). The measures are either reported directly to UNCTAD by Member States through annual surveys or identified by UNCTAD researchers through publicly accessible sources (such as government websites and specialized policy databases). The classification of measures as more or less favourable is based solely on their potential impact on investors.
Note: Measures are verified, to the fullest extent possible, by referencing government sources. The compilation of measures is not exhaustive.
Disclaimer: the boundaries and names shown and the designations used on this map do not imply official endorsement or acceptance by the United Nations.
Share





Latest publications

- Home >
- Investment Policy Monitor >
- Belgium - Introduces screening regime for non-EU FDI that may affect national security and public order
Belgium
Introduces screening regime for non-EU FDI that may affect national security and public order
01 Jul 2023Effective from July 1, 2023, Belgium has enacted a screening mechanism for Foreign Direct Investments (FDI) that could potentially impact national security, public order, or strategic interests. Non-EU investors falling under this mandatory regime are required to inform and seek prior approval, with the possibility of ex officio assessment for up to two years after the transaction. The regime encompasses various investments, such as:
Acquisitions of a minimum of 10 per cent of voting rights in Belgian target companies operating in defense sectors, including dual-use products, energy dual-use, energy, cyber security, electronic communication, or digital infrastructures.
Acquisition of at least 25 per cent of voting rights in Belgian target companies engaged in activities related to critical infrastructures, digital infrastructures, media, data processing or storage, aeronautics, space and defense, electoral or financial infrastructure, sensitive facilities, and land and real estate crucial for the use of such infrastructures.
Investments in technologies and raw materials essential for safety (including health), defense, maintenance of public order, military equipment, dual-use items, and strategic technologies (and related IP rights), such as AI, robotics, semiconductors, cybersecurity, aerospace, defense, energy storage, quantum and nuclear technologies, and nanotechnologies.
Supply of critical inputs, access to sensitive information and personal data, or the capability to control such information, and investments in the private security sector, freedom, and pluralism of media, as well as strategic technologies in the biotechnology sector, among others.
The outcome of the screening process could result in three types of decisions by the authorized authority:
- A positive decision granting approval for the FDI
- A positive decision with corrective measures to address any identified concerns
- A negative decision rejecting the FDI
Foreign investors who fail to comply with the screening procedures may face fines of up to 30 per cent of the value of the FDI.
-
Type:
- Entry and establishment (Approval and admission)
-
Industry:
- Not industry specific
-
Sources:
- FPS Economy, Accord de coopération du 30 novembre 2022 visant à instaurer un mécanisme de filtrage des investissements directs étrangers, https://economie.fgov.be/sites/default/files/Files/Commercial-policy/sceening-samenwerkingsakkoord-filtrage-accord-cooperation.pdf, 30 Nov 2022
- Jdsupra, Belgian FDI regime enters into force on 1 July 2023, https://www.jdsupra.com/legalnews/belgian-fdi-regime-enters-into-force-on-4063482/?origin=CEG&utm_source=CEG&utm_medium=email&utm_campaign=CustomEmailDigest&utm_term=jds-article&utm_content=article-link, 29 Jun 2023
-
UNCTAD has been collecting information on changes in national foreign direct investment (FDI) policies on an annual basis since 1992. This collection has provided input to the analysis of global and regional investment policy trends in the World Investment Report, the Investment Policy Monitors and the UNCTAD-OECD Reports on G20 Measures.
In 2024, to further strengthen the quality of reporting, UNCTAD revised the methodology of monitoring investment policy measures. and revised the measures going back to 2012 accordingly.
The Investment Policy Monitor provides the international investment community with country-specific, up-to-date information about the latest developments in foreign investment policies.
Through its monitoring of investment policy changes, UNCTAD offers cutting-edge and innovative contributions to investment policy discourse, and contributes to preparing the ground for future policymaking in the interest of making foreign investment work for sustainable development.
-
The UNCTAD's Investment Policy Monitor database include official measures affecting FDI adopted by United Nations Member States. These encompass measures explicitly targeting FDI (FDI-specific), as well as general investment measures with a clear impact on foreign investment (FDI-related). The measures are either reported directly to UNCTAD by Member States through annual surveys or identified by UNCTAD researchers through publicly accessible sources (such as government websites and specialized policy databases). The classification of measures as more or less favourable is based solely on their potential impact on investors.
Note: Measures are verified, to the fullest extent possible, by referencing government sources. The compilation of measures is not exhaustive.
Disclaimer: the boundaries and names shown and the designations used on this map do not imply official endorsement or acceptance by the United Nations.
Share





Latest publications
