ANNOUNCEMENT 15 Nov 2011

In November 2011, the government of Austria announced changed rules for foreign investors.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



Ministry of Economy. (2011). Ab?nderungsantrag zur ?nderung des Au?enhandelsgesetzes 2011 passiert am 15.11.2011 den Nationalrat. Available at http://www.bmf.gv.at/Steuern/Fachinformation/NeueGesetze/Budgetbegleitgesetz2012/2Lesung-BBG-2012.pdf


Inception date: 15 Nov 2011 | Removal date: open ended
Still in force

FDI: Entry and ownership rule

On 15 November 2011, the Austrian parliament approved an amendment to the regulations on foreign direct investment included in the foreign trade law ("Aussenhandelsgesetz").
 
Under the new regime, investors from non-EU/EFTA countries wanting to acquire more than 25 percent of an Austrian enterprise of "public interest" must seek permission from the Ministry of Economy.
 
According to the amendment, the "public interest" is concerned with the following industries:

  • defense and security services
  • hospital and rescue services
  • fire and catastrophe services
  • energy production
  • water supply
  • telecom
  • railway
  • universities

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A