CELIS Country Notes and Reports
The CELIS Country Report project aims to provide well-informed, open access analysis on foreign investment regulation, with a particular focus on investment screening in various jurisdictions. We publish concise overviews of national foreign investment screening regimes, called CELIS Country Notes, more detailed analysis on specific issues relating to these regimes, called CELIS Issue Notes, and comprehensive, in-depth reports, called CELIS Country Reports. All publications are peer-reviewed and edited by the team of the CELIS Institute to ensure a high-quality standard of research.
Want to get Involved?

Lena Hornkohl
Director Research

Liam McGrath
Programme Associate
Country Note Ireland 2025
By Laura Treacy, Stephen Ryan, CELIS Country Reporters for Ireland and Andrea Higgins, CELIS Assistant Country Reporter for Ireland. The Screening of Third Country Transactions ...
Read More Country Note France 2025
By Ruben Koslar, CELIS Country Reporter for France. This Country Note provides a comprehensive analysis of France’s foreign investment screening mechanism as of 2025, examining ...
Read More Issue Note Romania Formal and Informal Guidance
Georgiana Bădescu, CELIS Country Reporter for Romania and Cristiana Manea, CELIS Assistant Country Reporter for Romania. Since the entry into force of the FDI regime ...
Read More Country Note Greece 2025
By Dr. Maria Fanou, CELIS Country Reporter for Greece, and Ms. Anastasia Oikonomopoulou, CELIS Assistant Country Reporter for Greece. Greece is among the most attractive ...
Read More Country Note Sweden 2025
By Daniel Wendelsson and Noelia Martinez, CELIS Country Reporters for Sweden. On 1 December 2023, the Swedish Foreign Direct Investment Review Act (Sw. lag (2023:560) om ...
Read More Country Note India 2025
By Dr. Argha Kumar Jena, CELIS Assistant Country Reporter for India. This Country Note outlines the existing regulatory framework that governs the entry of FDI ...
Read More Issue Note the Netherlands Formal and Informal Guidance
By Jochem de Kok and Wessel Geursen, CELIS Country Reporters for the Netherlands. This CELIS Issue Note sets out the policy and practice of formal ...
Read More Country Note UK 2025
By Veronica Roberts and Ruth Allen, CELIS Country Reporters for the United Kingdom. Foreign direct investment is firmly recognised as essential to the growth of ...
Read More Issue Note Denmark Informal Guidance
By Rebecca Vikjær-Andresen, CELIS Country Reporter for Denmark and Hussain Raja Abdullah, CELIS Assistant Country Reporter for Denmark. The Danish Business Authority provides informal guidance ...
Read More Country Note Italy 2025
By Dr. Andrea Sacco Ginevri, CELIS Country Reporter for Italy, Avv. Andrea Gemmi, and Avv. Linda Lorenzon, CELIS Assistant Country Reporters for Italy. Italian Regulation ...
Read More Issue Note Portugal Interagency Review
by Suzana Tavares da Silva and Marta Vicente, CELIS Country Reporter for Portugal. The Portuguese screening mechanism is enshrined in Decree-law no. 138/2014, of 15 September, ...
Read More Issue Note Germany Interagency Review
by Dr. Michael Brüggemann and Tim Hendricks. The German investment screening mechanism provides cooperation between national authorities at various points. First and foremost, the Federal ...
Read More Issue Note China Interagency Review
by Dr. Cheng Bian, CELIS Assisstant Country Reporter for China. Since January 2021, a ‘Working Mechanism’ has been established as the successor of the ‘Joint ...
Read More Country Note Germany 2024
by Dr. Frank Schöning und Julius Gertz, CELIS Country Reporter for Germany. Germany introduced a general foreign direct investment (FDI) screening system in 2009. The ...
Read More Country Note Mexico 2024
CELIS Country Note on Mexico, 2024 by Galo Marquez, CELIS Assistant Country Reporter for Mexico Mexico's complex regulatory landscape for foreign investment, needs an examination ...
Read More Country Note Spain 2024
CELIS Country Note on Spain, 2024 by Jesús García Aparicio and Paula Arroyo, CELIS Country Reporter for Spain Foreign investments in Spain have been liberalized since ...
Read More Country Note Albania 2024
CELIS Country Note on Albania, 2024 by Elvis Zerva, CELIS Assistant Country Reporter for Albania This Note provides background on the FDIs system in Albania ...
Read More Country Note Hungary 2024
CELIS Country Note on Hungary, 2024 by Csongor István Nagy and Bálint Kovács, CELIS Country Reporter for Hungary The framework for investment screening in Hungary ...
Read More Country Note Romania 2024
CELIS Country Note on Romania, 2024 by Georgiana Badescu and Cristiana Manea, CELIS Country Reporter for Romania Romania implemented the Regulation (EU) 2019/452 of the ...
Read More Country Report Australia 2023
CELIS Country Report on Australia, 2023 by Tania Voon. Australia was one of the first countries to introduce a mechanism for the ‘screening’ or approval ...
Read More Country Note the Netherlands 2023
CELIS Country Note on the Netherlands, 2023 by Wessel Geuerns and Jochem de Kok, CELIS Country Reporters for the Netherlands. The Dutch framework for investment ...
Read More Country Note Serbia 2023
CELIS Country Note on Serbia, 2023 by Luka Marosiuk Date of Publication: 25 October 2023 The Republic of Serbia promotes itself as an open country ...
Read More Country Note Belgium 2023
CELIS Country Note on Belgium, 2023 by Thijs de Cuyper Date of Publication: 25 October 2023 The Belgian cross-sectoral Investment Screening Mechanism (ISM) has recently ...
Read More Country Note Norway 2023
CELIS Country Note on Norway, 2023 by Charlotte Hafstad Date of Publication: 25 October 2023 Since 1 January 2019, investments in Norwegian companies that are ...
Read More Country Note Azerbaijan 2023
CELIS Country Note on Azerbaijan, 2023 by Safar Safarli Date of Publication: 14 August 2023 This Country Note includes an overview of the current FDI ...
Read More Country Note Poland 2023
CELIS Country Note on Poland, 2023 by Maria Kalinowska and Marek Jaśkowski Date of Publication: 14 August 2023 The Note contains basic information on the ...
Read More Country Note Bulgaria 2023
CELIS Country Note on Bulgaria, 2023 by Iliana Boycheva Date of Publication: 14 August 2023 Bulgaria has taken some steps to ensure compliance with the ...
Read More Country Note China 2023
CELIS Country Note on China, 2023 by Dr Cheng Bian and Mr Charles Ho Wang Mak Date of Publication 31.07.2023 Abstract In recent years much ...
Read More Country Note Czech Republic 2023
CELIS Country Note on Czech Republic, 2023 by Ondřej Svoboda Date of Publication 31.07.2023 Abstract The Czech Republic introduced its new investment screening mechanism in ...
Read More Country Note Portugal 2023
CELIS Country Note on Portugal, 2023 by Suzana Tavares da Silva and Marta Vicente Date of Publication 27.07.2023 Abstract The 2010 financial crisis was a ...
Read More Country Note Slovakia 2023
CELIS Country Note on the Slovak Republic, 2023 by Matej Šimalčík, Central European Institute of Asian Studies, Nechala and Partners Date of Publication 06.07.2023 Abstract This paper highlights ...
Read More Country Note Denmark 2023
CELIS Country Note on Denmark, 2023 by Rebecca Vikjær-Andresen (Attorney and partner at Poul Schmith Law Firm) and Hussain Raja Abdullah (Lawyer at the Capital Region of Denmark) ...
Read More 