OBS_VALUE: In general terms, the applicable principle is the  freedom of capital movements and foreign economic transactions. A notification in the Registro de Inversiones del Ministerio de Industria, Comercio y Turismo is however necesary once the foreign direct investment has been carried out. This obligation was clarified in the Royal Decree 571/2023. A specific regime applies to (i) investments from tax havens, which in general are subject to a prior administrative notification; and (ii) foreign investments in activities directly related to national security, and real estate investments for diplomatic missions by non-EU Member States, which require prior authorisation by the Spanish Council of Ministers.See also EU Regulation 2019/452 establishing a framework for the screening of foreign direct investments into the European Union which will enter into force on 11 October 2020.