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The Spanish State Gazette published yesterday (BOE) contains the Royal Decree 571/2023, of 4 July, on Foreign Investments ("Royal Decree") which is intended to (i) update the procedure for declaring foreign investments for statistical and information purposes (both foreign investments in Spain and Spanish investments abroad); and (ii) develop certain features of Law 19/2003, of 4 July, on the legal regime of capital movements and foreign economic transactions ("Law 19/2003") and its implementing regulations, particularly with regard to the introduction of Article 7bis, relating to the suspension of the liberalization regime, in order to provide greater legal certainty to the authorization procedure, for the cases in which this is meant to be mandatory.
In the following link, you can access the full text of the Royal Decree.
Click here to read the full alert.
Click here to access the Spanish version.
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