COVID19 Limitations on foreign investment in Spain
The Covid19 crisis has provoked various countries, amongst which Spain, to put in place limitations on foreign investments in Spain. In other words the liberalization of the foreign investment regime is suspended until further notice.
The Spanish government requires to previously authorise the following investments that are: 1) foreign and 2) direct investments in Spain and in 3) strategic sectors.
Under “foreign” is understood coming from residents outside the European Union or European Free Trade Association (EFTA) region.
Under direct investments is understood: 1) acquire more than 10% of the shareholding and or 2) obtain the right to partcipate in management.
The strategic sectors are: Continue reading “COVID19 Limitations on foreign investment in Spain”