Foreign Investments Act of 1991 (Republic Act No. 7042). Pays/Territoire Philippines Type du document Législation Date 1996 Source FAO, FAOLEX Sujet Général Mot clé Commerce/industrie/sociétés Mise en application Commerce international Infractions/sanctions Enregistrement Loi-cadre Aire géographique Asie, Asie et Pacifique, East Asian Seas, Pacifique Nord, Asie du Sud-Est Entry into force notes This Act take effect from fifteen (15) days after approval and publication in two (2) newspapers of general circulation in the Philippines. Résumé This Act aims to attract, promote and welcome investments from foreign individuals and governments in activities which contribute to national development and industrialisation of the country. The Act allows investment with foreign ownership to 100% in domestic market except in areas included in the negative list. This Act does not apply on banking and other financial institutions that are governed by the General Banking Act. The Act provides for registration of investment of non-Philippine nationals, foreign investment in export enterprises and domestic market, and foreign investment negative list (the area reserved for investment of nationals). Article 11 requires for compliance of investment with the environmental standards. The text contains 18 Articles and provides for administrative sanctions for violation of the Act's provisions. Texte intégral Anglais Références - Législation Amendé par An Act Promoting Foreign Investments, Amending Thereby Republic Act No. 7042 (Republic Act No. 11647). Législation | Philippines | 2022 Mot clé: Procédures judiciaires/procédures administratives, Commerce/industrie/sociétés, Enregistrement, Politique/planification Source: FAO, FAOLEX