Expands the FDI screening regime
01 Jul 2023
On 9 June 2023, Norway amended Chapter 10 of the Security Act to enhance the screening of foreign direct investment (FDI) and safeguard national security interests. The amendments expand the scope of the Act to include businesses critical to national functions, such as infrastructure, defense, and utilities. They also lower the ownership notification threshold to 10 per cent, impose reporting obligations on sellers and companies, enforce standstill requirements, and grant authorities the power to block transactions and impose penalties. These measures align with Norway’s strategy on national control and digital resilience and aim to prevent security-threatening economic activities by improving authorities’ access to information. The amended Act entered into force on 1 July 2023.
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Entry and establishment (Approval and admission)
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