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.
The 40% maximum foreign participation restriction has been removed on project proponent and facility operator of a build-operate-transfer BOT Project requiring a public utilities franchise.
In addition, the 49% maximum foreign equity restriction has been removed from lending companies. Similarly, the 60% maximum foreign equity restriction has been removed from financing companies and investment houses regulated by the SEC.
The above activities are now fully open to foreign participation.
The order is effective 15 days from publication in a newspaper of general circulation.
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