In March 2020, the Spanish Government introduced a screening mechanism for certain foreign direct investments in Spain (the "Spanish FDI Regime"), which requires prior administrative authorisation from the Council of Ministers of investments made by non-EU/EFTA investors in Spanish companies that meet certain criteria. On 17 November 2020, the Spanish Government enacted new amendments by which, from the 19 November 2020 to the 30 June 2021, investments made by EU/EFTA investors will also be subject to the Spanish FDI Regime when certain conditions are met. WHAT YOU NEED TO KNOW - KEY TAKEAWAYS The rule: since March 2020, investments made in Spanish companies by non-EU/EFTA investors that meet certain criteria require prior administrative authorisation from the Council of
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