When Johan Dahl, the Faroese Minister of Trade and Industry, presented a proposal on limiting foreign ownership in August this year, the news had a great impact on aquaculture companies and investors alike.
While Dahl was talking about a limit of 30 percent foreign ownership in August, he now announced in a new amendment proposal that an investor from abroad cannot own more than 20 percent shares in a company.
This means, foreign investors could be severely limited in their plans to invest in the Faroese aquaculture sector, even though they will have voting rights for all of the shares.
The
