Act on the Screening of Foreign Corporate Acquisitions
The Act on the Screening of Foreign Corporate Acquisitions came into force on 11 Oct 2020.. 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. Key national interest related to military national defence, functions vital to society, national security and foreign and security policy objectives, and public order and security of foreign acquisitions will be screened against. In addition, foreign acquisition thresholds are set at 10%, one third and 50% of votes in a Finish business.
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