Foreign Investments Verification Act takes effect

Published: 05.02.2021 Related countries:  Israel Israel

The Czech law on verification of foreign investments came into force on February 3, 2021

The new Act will come into effect on May 1, 2021. It is aimed at foreign investors, the ultimate owner of which comes from a country outside the European Union. Czech Deputy PM and Minister of Industry and Trade and Transport Karel Havlíček (ANO) said that the law provides the state with a necessary tool in defence against risky investors from third countries who could threaten the security of internal order of the country. 

Source: ČIANEWS

Prepared by the team of CzechTrade/CzechInvest Israel