On 30 June 2021, aosphere LLP's Rulefinder reported that Italy has extended its FDI controls until 31 December 2021. FDI controls were due to expire on 30 June 2021.
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Taiwan – Foreign Investment by Insurance Cos.
On 1 June 2021, TAI FSC implemented the proposed amendments to the regulations. Content of the application form was revised in line with amendments to regulations. Background In March 2021, TAI FSC proposed amendments to regulations governing foreign investments by insurance companies, regarding relaxation of foreign currency insurance policy limits. Amendments In the formula…
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New Zealand – OIC Foreign Investment Changes
On 25 May 2021, NZ OIC said that the overseas investment amendment act 2021 received Royal Assent, and the earliest changes will come into force on 5 July 2021. On the same day NZ GVT issued a press release on the end of emergency screening. On 7 June 2021, the emergency notification regime (ENR) will…
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UAE – GVT 100% Foreign Ownership
On 19 May 19 2021, UAE GVT announced amended Companies Law will take effect on 1 June 2021, allowing foreign investors to establish and fully own onshore companies. Background On 23 November 2020, UAE GVT presidential decree relaxed limits on the foreign ownership of onshore firms. The decree is meant to open up UAE economy…
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Taiwan – FSC Insurance Foreign Investment
On 9 March 2021, TAI FSC proposed amendments to foreign investment. TAI FSC proposed amendments to regulations governing foreign investments by insurance companies, regarding relaxation of foreign currency insurance policy limits. Amendments In the formula for calculating foreign investment quotas, reserves for non-investment personal insurance in the insurance industry will be increased from 35% to…
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Rounding Out 2020 Foreign Investment Regulations
Now that we have seen a close to 2020, let’s take a look at foreign investment changes around the globe. Following on from my 2nd installment in September, full article.
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