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SPANISH UPDATE – Foreign Investment in Spain

Executive Summary: Although Spain’s current microeconomic situation is still critical, the macroeconomic framework is more stable; it appears that Spain is once again becoming regarded as a safe jurisdiction for investors.  This stability, together with a steep fall in valuations, is reinvigorating the market, and investors have begun looking at future investment opportunities.  This article, first published in The Foreign Investment Regulation Review, Edition 1 and reproduced with permission of Law Business Research, introduces Spain’s foreign investment regime, typical transaction structures, the review procedure by the relevant competent authority and foreign investor protection, as well as a projection of potential trends in this area.

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