The art. 63 of the Treaty on the Functioning of the European Union (TFEU) prohibits in its art. 63 any restrictions on capital movements between Member States and between Member States and third countries. Likewise, the art. 65.1. (b) of the Treaty empowers the Member States to establish procedures for the declaration of capital movements for the purposes of administrative and/or statistical information.

Law 19/2003, of 4 July, on the legal regime for capital movements and economic transactions abroad incorporated the articles. 63 and 65.B) of the Treaty on the Functioning of the European Union (TFEU) and proclaimed the freedom of movement of capital and economic transactions abroad as well as the possibility of establishing procedures for the declaration of movements of capital for the purposes of administrative and/or statistical information.

Royal Decree 571/2023, of 4 July, on foreign investments, including foreign investments in Spain such as Spanish investments abroad, which entered into force on 1 September, repealed Royal Decree 664/1999, of 23 April, and introduced new provisions. xli>xli>xli>xli>xli>xli>xli>xli>xli>xli>xli>xli>xli>xli>xli