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Ireland

Ireland’s FDI screening regime: mandatory notification thresholds, scope, procedure, call-in and enforcement under the Screening of Third Country Transactions Act 2023

Practice notes
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The Screening of Third Country Transactions Act 2023 (Ireland) (STCTA 2023 (IRL)) marks Ireland’s first regime for screening foreign direct investment and implements Regulation (EU) 2019/452, widely referred to as the EU Foreign Direct Investment Regulation. Deals involving third countries (covering third country nationals and/or third country undertakings) must now be notified to the Minister for Enterprise, Trade and Employment in Ireland (the Minister), who may prohibit, or attach conditions to, such arrangements. This Practice Note outlines selected core features of STCTA 2023 (IRL), alongside the notification obligations under STCTA 2023 (IRL).

Key dates

STCTA 2023 (IRL) took effect on 6 January 2025 (the Commencement Date), so notifiable transactions must be submitted to the Minister from the Commencement Date. STCTA 2023 (IRL) also contains ‘look back’ provisions permitting the Minister to examine transactions completed in the 15 months preceding 6 January 2025; accordingly, transactions completed from 6 October 2023 (i.e. 15 months before the Commencement Date) may likewise be reviewed by the Minister. Parties to a notifiable transaction must provide notice of the transaction not less than ten days before the transaction is set to be completed under STCTA 2023 (IRL) in Ireland and notified to the Minister as required...

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Sean Ryan
Sean Ryan

Sean Ryan is a Senior Partner and Head of EU & Competition at Eversheds Sutherland, Ireland. As a leading lawyer in competition law / antitrust law, with over 25 years’ experience, Sean has a deep understanding of the complex legal landscape surroundingcompetition law / antitrust law. He was the first lawyer to be appointed ‘Monitoring Trustee’ by the Irish competition regulator, and is regularly involved in advising clients on high profile and complex competition law matters. Sean has advised on some of the highest profile competition law matters in Ireland over the past number of years, including a number of transactions that have been specificallysingled out by the CCPC as being complex transactions from a competition law perspective requiring commitments. The Eversheds Sutherland Ireland Competition Team advises clients on a wide range of competition law matters including EU and Irish merger filings; joint ventures (the Team...

Web page updated on 22/05/2026

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