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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 complet
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.
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