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New foreign investment screening process adopted
Bratislava, 06.12.2023
On 1 March 2023, Act No. 497/2022 Coll. on the screening of foreign investments and on amendments and supplements to certain acts, as amended (the “FDI Act”) entered into force. The new FDI Act introduced a comprehensive screening process of foreign investments in the Slovak Republic.he Slovak Republic has thus become one of the countries that have introduced a foreign investment control process. This new foreign investment screening process in the Slovak Republic is governed by the standards set out in Regulation (EU) 2019/452 of the European Parliament and of the Council setting out a framework for the screening of foreign direct investment in the EU. Previously, the Slovak Republic lacked a complex legal framework for screening foreign investments due to the protection of security and public order in the Slovak Republic and security and public order in the EU. A partial regulation concerning the control of transactions with critical infrastructure elements was stipulated by Act No. 45/2011 Coll. on critical infrastructure, as amended. This act was repealed by the new FDI Act. The purpose of the FDI Act is not to reduce the inflow of foreign investments to Slovakia, but to introduce the possibility of assessing foreign investments on the grounds of protection of security and public order of the Slovak Republic or the EU. odkaz na stránku
Foto : Ilustration
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