ANNOUNCED AS TEMPORARYNo
FDI: Entry and ownership rule
On 29 May 2015, the Philippines government announced the release of the 10th Regular Foreign Investment Negative List. The List regulates foreign participation in economic and commercial activities in the Philippines.
40% maximum foreign participation have been imposed on the following activities.
The first is educational institutions other than those established by religious groups and mission boards. Previously, the above activities were not included in the list.
The second is regarding ownership of condominium units. Previously must have common areas which are co-owned by the owners of the separate units, or owned by a corporation.
The order is effective 15 days from publication in a newspaper of general circulation.
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