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What it is

New rules for foreign investments in Spain

BOE step 7 of 7 · Passed

It is a government bill. Introduced by the Government. It was introduced on 8 May 1992. Introduced by: Gobierno.

Official title: Government bill establishing certain rules on foreign investments in Spain.

Source: Congreso de los Diputados, file 121/000086· updated 11 Nov

Automatic summary, not yet reviewed

  1. The law lists the sectors with special rules for foreign investments: gambling, activities directly related to national defense, television, radio, and air transport.
  2. Those special rules do not apply to people living in a member state of the European Economic Community, except for the production or trade of weapons and matters of national defense.
  3. Special regimes may be set by regulation for foreigners in activities that involve exercising public authority, and for reasons of public order, security, and public health.
  4. The previous Law on Foreign Investments in Spain, approved by Real Decreto Legislativo 1265/1986, is repealed. The law takes effect the day after its publication in the Boletín Oficial del Estado.

Who it affects

  • Foreign investors who want to invest in Spain.: They must keep in mind that gambling, defense, television, radio, and air transport have special rules.
  • People and companies living in a member state of the European Economic Community.: They are exempt from those special rules, except for weapons and national defense.
  • Foreigners carrying out activities linked to public authority.: A special regime may apply to them through regulations.

Words worth knowing

Derogar (repeal)
To end the validity of a previous law or rule.
Derecho de establecimiento (right of establishment)
The ability to create and run a business activity in another country.
Reglamentariamente (by regulation)
Through implementing rules, not in the law itself.

It summarizes the law as published in the BOE. It is written by artificial intelligence and may contain mistakes: the official text is what counts. Read the official text · How we make summaries

Where it stands

How far did it get?

It took 7 of 7 steps. It reached BOE, and today it is passed.

  1. Introduced8 May 1992Someone registers the text in the Congreso.
  2. Admitted12 May 1992The Bureau of the Congreso accepts it and, for a members’ bill, the plenary decides whether to consider it.
  3. Amendmentsno dateGroups propose changes.
  4. Committeeno dateA committee goes through the text in detail.
  5. Plenaryno dateAll 350 deputies vote.
  6. Senateno dateThe Senate can pass it, amend it or veto it.
  7. BOEno dateIt is published in the Official State Gazette (BOE) and comes into force.
See the 2 official steps on a timeline
May 199211. 8 May 1992: Presentación22. 12 May 1992: Calificación

Was there a plenary vote?

We have no plenary vote linked to this law in the Congreso’s data.

What happens next

What happens now?

It is law, or will be once published in the BOE. It comes into force on the date its own text sets.

Published in the BOE: Law 18/1992, of 1 July, establishing certain rules on foreign investments in Spain.

Sources

Where does all this come from?

  • The data comes from the open files of the Congreso, the Senate and the BOE, unaltered.
  • Each deputy’s province is the one of their seat on the day of the vote.
  • We only say “passed” or “rejected” when the majority needed is certain; otherwise we say which side had more votes.