New Foreign Direct Investment screening regime implemented
As of 1st March 2023, Slovak FDI laws are comparable to standards applied in other advanced EU jurisdictions.
The main goal of the new legislation, possibility to review foreign investments in terms of protection of security and public order of the Slovak Republic and the EU, respects the openness of the Slovak economy. Therefore even though the implemented regulation represents a certain restriction in the field of foreign investment, the law is designed to guarantee legal certainty for foreign investors. Both, the amount of the penalties for violation of the respective rules and the length of the screening process (130 days) increase the importance of careful transaction planning, which thus should be entrusted to experienced advisors.
The enclosed article provides a comprehensive inRsight into this topic, and Peter Káčer, BDO Legal partner with his M/A team is ready to come up with tailored advice.
