The Spanish Government has approved Royal Decree 571/2023, of July 4, on Foreign Investments (BOE No. 159, of July 5, 2023), which repeals the previous regime contained in Royal Decree 664/1999 and at the same time becomes an implementing regulation of Law 19/2003, of July 4, 2003, on the Legal Regime of Capital Movements and Foreign Economic Transactions (the “Law 19/2003”).

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