27
Tue, Feb
51 New Articles

FDI Screening in Croatia

FDI Screening in Austria

Croatia
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

This article provides an up-to-date overview of the currently existing FDI regimes in Croatia.

Legal basis

Regulation on the implementation of the EU FDI Screening Regulation (Regulation (EU) 2019/452), OJ L 79I, 21 March 2019 ("Implementing Regulation"). The Implementing Regulation entered into force on 2 October 2020.

Filing requirement

There is so far no FDI filing screening regime. However, the Implementation Regulation establishes the National Contact

Point (Nacionalna kontaktna točka) and the Interdepartmental Commission (Međuresorno povjerenstvo), which will act as a competent authority for the EU cooperation mechanism under the EU FDI Screening Regulation. The regulation does not foresee a (mandatory) screening instrument.

The National Contact Point is vested with the power to request information from a foreign investor making an investment in the Republic of Croatia or an undertaking located in the Republic of Croatia in which an FDI is planned to be made. The foreign investor or Croatian undertaking must submit the requested information to the National Contact Point within seven days of receiving the request.

The main task of the Interdepartmental Commission is to coordinate interdepartmental cooperation and efficient flow of information between state and public administration bodies involved in the implementation of the EU FDI Screening Regulation and to provide expert assistance to the National Contact Point on all issues related to it, in particular through the preparation of proposals, opinions and expert explanations.

In addition, there is a reporting duty to inform the Croatian National Bank of the investment within 30 days from the end of the month in which the investment was made (for statistical purposes).

Process and timetable

Competent authority:  National   Contact Point and Interdepartmental Commission.

Mandatory filing requirement: No screening mechanism in place.

Filing deadline: No screening mechanism in place. Responsibility for filing: No screening mechanism in place. Sanctions: N/A

FDI Screening in Austria.

FDI Screening in Bosnia & Herzegovina.

By Ana Mihaljevic, Attorney at Law in cooperation with Schoenherr

Our Latest Issue