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Foreign Direct Investment (FDI) screening in Belgium: two years in and the upcoming change of the EU framework

28 Jul 2025

As of 1 July 2023, foreign direct investment (“FDI”) screening has become an essential checkpoint for transactions involving foreign (non-EU) investors. With the European Parliament recently voting in favour of a reform of the European FDI framework aimed at strengthening and harmonising Member State regimes, it is an opportune moment to reflect on the Belgian FDI mechanism’s first two years of operation. While the framework is already broadly aligned with the forthcoming EU rules, the past two years have highlighted both its strengths and practical challenges, particularly in terms of timing.

Authors:

Benoit Samyn, Partner
Email: Benoit.Samyn@monardlaw.be

Louise Vanherreweghe, Associate
Email: louise.vanherreweghe@monardlaw.be