An Act Promoting Foreign Investments, Amending Thereby Republic Act No. 7042 (Republic Act No. 11647). Pays/Territoire Philippines Type du document Législation Date 2022 Source FAO, FAOLEX Titre completAn 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. Sujet Général Mot clé Procédures judiciaires/procédures administratives Commerce/industrie/sociétés Enregistrement Politique/planification Aire géographique Asie, Asie et Pacifique, East Asian Seas, Pacifique Nord, Asie du Sud-Est 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. Résumé 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. Texte intégral Anglais Références - Législation Amende Foreign Investments Act of 1991 (Republic Act No. 7042). Législation | Philippines | 1996 Mot clé: Commerce/industrie/sociétés, Mise en application, Commerce international, Infractions/sanctions, Enregistrement, Loi-cadre Source: FAO, FAOLEX