Foreign Investment Reliability Assessment Act 639 SE

The Foreign Investment Reliability Assessment Act adopted by the Estonian Parliament on 25 Jan 2023 came into force on 2 Sep 2023. The aim of the act is to screen both direct and indirect investment from non-EU investors who own more than 10% of the undertaking share capital or voting rights. 

The affected industries include 

• Primary (Mining and quarrying); 
• Manufacturing (Printing and reproduction of recorded media); 
• Services (Transportation and storage, Publishing, audiovisual and broadcasting activities, Telecommunications, Other service activities)

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