Slovakia Adopts a New Foreign Investment Screening Regime
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Loading... - Anton Kabala
- 30 Mar 2023
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The new Act on Screening of Foreign Investments (“FIR Act“) – revamping the foreign direct investment screening mechanism in Slovakia – entered into force on 1 March 2023.
Drawing from the EU FDI Regulation, the new FIR Act will have significant impact on inbound investments meeting specific legal criteria into Slovakia by non-EU investors.
The FIR Act introduces an approval procedure held by the Ministry of Economy of the Slovak Republic (“Ministry“) which is mandatory for foreign investments classified as “critical foreign investments” and voluntary for other foreign investments.
Who is considered a foreign investor?
Only investments by “foreign investors” are subject to the new regime. A foreign investor is anyone who has made or plans to make a foreign investment and, in particular:
