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An Act Promoting Foreign Investments, Amending Thereby Republic Act No. 7042 (Republic Act No. 11647).

País/Territorio
Filipinas
Tipo de documento
Legislación
Fecha
2022
Fuente
FAO, FAOLEX
Título completo
An Act Promoting Foreign Investments, Amending Thereby Republic Act No. 7042, Otherwise Known as the "Foreign Investments Act of 1991" as Amended and for Other Purposes.
Materia
General
Palabra clave
Procedimientos judiciales/procedimientos administrativos Negocios/industria/corporaciones Registro Política/planificación
Área geográphica
Asia, Asia y Pacifico, Mares del Asia Oriental, Pacífico Norte, Asia Sudoriental
Entry into force notes
This Act shall take effect after fifteen (15) days following its publication in the Official Gazette or in a newspaper of general circulation in the Philippines.
Resumen

The amendments aim to promote and attract foreign investments by allowing, for the first time, international investors to set up and fully own domestic enterprises (including micro and small enterprises) in the Philippines. Further, amendment includes the establishment of an Inter-Agency Investment Promotion Coordination Committee (IIPCC) tasked with integrating the promotion activities to encourage foreign investment. The IIPCC is also in charge of development of the foreign investment promotion and marketing plan for the medium five-year and the long term ten-year plan. The IIPCC in coordination with the National Security Council (NSC) and the NEDA shall review foreign investment involving military related industries. The text contains 17 Sections.

Texto completo
Inglés

Referencias - Legislación

Enmienda

Foreign Investments Act of 1991 (Republic Act No. 7042).

Legislación | Filipinas | 1996

Palabra clave: Negocios/industria/corporaciones, Cumplimiento/aplicación, Comercio internacional, Infracciones/sanciones, Registro, Ley marco

Fuente: FAO, FAOLEX