Austria: Adoption of a new Investment Control Act
Description
Adoption of a new Investment Control Act
Austrian authorities adopted the new Investment Control Act with a lower threshold for acquisitions in sensitive sectors, more screening possibilities for indirect acquisitions as well as more precise definitions of the sectors which fall under the scope of the screening review. The new Act also includes provisions to fully implement the new EU FDI Screening Regime Regulation. Relevant sectors include ICT, data processing and storing, sensitive information. Sensitive sectors include 5G-networks.
Original sourceScope
Policy Area
Foreign direct investment
Policy Instrument
MNE: Entry and ownership rule
Regulated Economic Activity
infrastructure provider: network hardware and equipment, infrastructure provider: network hardware and equipment, infrastructure provider: network hardware and equipment, infrastructure provider: network hardware and equipment, infrastructure provider: network hardware and equipment
Implementation Level
national
Government Branch
legislature
Government Body
parliament