Global Trade Alert
Global Trade Alert

Spain: Government announces new economic and FDI screening measures (COVID-19)

Announcement

17 Nov 2020

In November 2020, the Spanish government adopted Royal Decree-Law 34/2020 that establishes new economic, tax and FDI measures to support the national economy in the context of the COVID-19 pandemic.

Source

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Number of interventions

3

1 certainly harmful

0 likely harmful

2 liberalising

List of interventions

Implementation date

18 Dec 2020

Revocation date:

31 Dec 2024

End prolongation: 31 Dec 2024
FDI: Entry and ownership rule
On 17 November 2020, the Spanish authorities adopted Royal Decree-Law 34/2020 that establishes a temporary regime for the suspension of the liberalization of certain FDI investments on Spanish compani...
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Implementation date

18 Nov 2020

Revocation date:

31 Dec 2021

Announced: 17 Nov 2020
Internal taxation of imports
On 17 November 2020, the Spanish authorities adopted Royal Decree-Law 34/2020 that establishes a series of measures to support the national economy in the context of the COVID-19 pandemic. Article 7 i...
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End prolongation: 31 Dec 2021
Internal taxation of imports
On 17 November 2020, the Spanish authorities adopted Royal Decree-Law 34/2020 that establishes a series of measures to support the national economy in the context of the COVID-19 pandemic. One set of...
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Related State Acts

Announced: 20 Apr 2021

Spain: FDI authorisation to Aterup SAS for operating in the defence sector

Announced: 19 Jan 2021

Spain: Government grants FDI authorisation to Prill Holdings for investing in a weapon manufacturer

Announced: 12 Jan 2021

Spain: Government grants FDI authorisation to Techno Pro France for investing in engineering company

Announced: 12 Jan 2021

Spain: Government grants FDI authorisation to CMI Defence for acquired artillery manufacturer

Announced: 01 Dec 2020

Spain: Government grants FDI authorisation to Eolia Renovables for clean energy generation

Announced: 01 Dec 2020

Spain: Government grants FDI authorisation to Casse Investments for investing in irrigation companies

Announced: 27 Oct 2020

Spain: Government grants FDI authorisation to Quest Global Services for investing in the defence sector

Announced: 29 Sep 2020

Spain: Government grants FDI authorisation to CNH Industrial to acquire Iveco

Announced: 04 Aug 2020

Spain: Government grants FDI authorisation to ADIT to invest in engineering and consultancy company

Announced: 04 Aug 2020

Spain: Government grants FDI authorisation to Etienne Lacroix Finances to acquire company operating in the security sector

Announced: 04 Aug 2020

Spain: Government grants FDI authorisation to Anacap Financial Partners to invest in the financial sector

Announced: 04 Aug 2020

Spain: Government grants FDI authorisation to Andbank España to acquire Bank Degroof Petercam Spain

Announced: 14 Apr 2020

Spain: Government grants FDI authorisation to GFI Informatique to acquire IT branch of El Corte Inglés

Prolonged: 01 May 2021

EU: Temporary elimination of import duties and VAT on certain goods in response to the COVID-19 outbreak

Announced: 01 Apr 2020

Spain: Introduction of the "real ownership" concept to the FDI screening mechanism

Announced: 18 Mar 2020

Spain: Suspension of the liberalisation regime, introduction of prior approval of FDI in certain sectors and creation of loan guarantee line (COVID-19)

Announced: 04 Feb 2020

Spain: Government grants FDI authorisation to MSM Group to acquire ammunition company

Announced: 21 Mar 2019

EU: Establishment of framework for foreign investment screening

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Harmful Trade Policy Measures

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This Thread documents policy interventions affecting foreign direct investments (FDI) since 2017. Specifically, it encompasses screening mechanisms, foreign ownership limitations and other policies affecting international investors’ operations.

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Published: 04 Sep 2024

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