Investing in Austria: New Provisions for the Screening of Foreign Direct Investments

OrganizationsOther ♦ Published: September 19, 2019; 13:53 ♦ (Vindobona)

The Federal Ministry for Digital and Economic Affairs recently published a consultation draft for amendments to those provisions. The new regulation is supposed to create more transparency and certainty around FDIs in Austria.

New Provisions for the Screening of Foreign Direct Investments in Austria / Picture: © Wikimedia Commons / Blackfish [CC BY-SA 3.0 (https://creativecommons.org/licenses/by-sa/3.0)]

According to law firm Wolff Theiss Rechtsanwälte, "the Austrian Foreign Trade Act (AußWG 2011) contains provisions requiring ex ante approval for certain foreign direct investments in Austria.

Recently the BMDW Federal Ministry for Digital and Economic Affairs published a consultation draft for amendments to those provisions.

The draft aims to create more transparency…