I. FOREIGN INVESTMENTS IN THE PHILI

I. FOREIGN INVESTMENTS IN THE PHILIPPINES
The law that governs the participation of foreign entities in economic and
commercial activities in the Philippines is Republic Act No. 7042, as amended,
otherwise known as the Foreign Investments Act of 1991 (“FIA”). According to the
FIA, itis the policy of the State to attract, promote, and welcome productive
investments from foreign individuals, partnerships, corporations, and governments,
including their political subdivisions, in activities which significantly contribute to
national industrialization and socioeconomic development to the extent that foreign
investment is allowed in such activity by the Constitution and relevant laws.
To encourage foreign investments, Philippine laws expressly recognize various rights
of foreign investors in the Philippines, including the rights to repatriation of
investments, remittance of earnings, and freedom from expropriation (except for
public use or in the interest of national welfare or defense and upon payment of just
compensation).
Foreigners may hold interests in corporations, partnerships, and other entities in the
Philippines, provided that such corporations, partnerships, and other entities are not
engaged in an activity that is reserved by law only to Philippine citizens or to entities
that are wholly owned by Philippine citizens. The maximum amount of foreign
equity that is allowed in a company depends on the type ofactivity that the company
is engaged in.
1. Extent of Foreign Equity
The FIA provides for the formulation ofa Foreign Investment Negative List
(“Negative List”) – a list ofeconomic activities where foreign equity is either
prohibited or limited to a certain percentage. The Negative List has two component
lists: List A and List B. List A contains areas of investment where foreign ownership
is limited by the mandate of the PhilippineConstitution or by specific laws. List B
contains areas of investment where foreign ownership is limited for reasons of
security, defense, risk to health and morals, or protection of local small and
medium-sized enterprises. A new Negative List is prospective in application and
will not affect foreign investment that already exists on the date of its publication.
Except with respect to activities where restrictions on foreign equity are
imposed under the Philippine Constitution or statutes, the President of the
Philippines may amend the Negative List. However, amendments to List B may not be
made more often than once every two years.
A non-Philippine national may do business or invest in a domestic enterprise in the
Philippines to the extent of 100 percent ofits capital, provided that the following
conditions are complied with:
a. It is investing in a domestic market enterprise in areas outside the Negative
List or it is investing in an export enterprise whose products and services do
not fall within Lists A and B of the Negative List. A domestic market
enterprise is an enterprise which produces goods for sale or renders service
or otherwise engages in any business in the Philippines. An export enterprise is
a manufacturer, processor,or service (including tourism) enterprise that
exports 60 percent or more of its output, or a trader that purchases products
domestically and exports 60 percent or more of such purchases.
b. The country or state of the applicant must also allow Filipino citizens and
corporations to do business therein.
c. It must have a paid-in capital of at least the peso equivalent of US $200,000

Kết quả (Trung) 1:

一、 外国投资在菲律宾统治外国实体参与经济的法则和在菲律宾的商业活动是共和国法号 7042，作为修正，也称为外国投资法 》 1991 年 ("国际汽联")。根据国际汽联的它是为吸引、 促进和欢迎生产国的政策从外国个人、 伙伴关系、 公司和政府，投资包括他们的下属政治机关在作出重大贡献的活动国家的工业化和经济社会发展程度，外国投资是由宪法和有关法律允许这类活动。为鼓励外国投资，菲律宾法律明确承认各项权利在菲律宾的外国投资者，包括遣返的权利投资的收益，并从征用土地 (除了为自由汇款市民使用或国民福利或防御的利益，并在缴付后只是补偿)。外国人可能持有权益公司、 伙伴关系、 和其他实体菲律宾，提供了这样的公司建立伙伴关系，和其他实体不是从事法律只对菲律宾公民或实体保留活动由菲律宾公民全资拥有。外国最大量允许在一家公司的股权取决于类型活性组份的公司被从事。1.外国股本的程度国际汽联规定制定 ofa 外国投资负面列表("负面列表") — — 外国股本在哪里或者列表经济活动禁止或限制到某一百分比。消极的列表中有两个组件列出: 列表和列表 B.列表包含的投资领域，外国所有权是有限的通过 PhilippineConstitution 的任务或具体的法律。列表 B包含的区域的投资外国所有权是有限的原因安全、 防御，对健康和道德或保护当地小风险和中型企业。新的否定清单是应用前景和不会影响其出版日期中已存在的外国投资。除了对外国股本的限制在哪里的活动根据菲律宾宪法或法规，总统施加菲律宾可能修订负面列表。但是，列表 B 修正不可能比每隔两年多了。非菲律宾国家可能做生意，或投资于国内企业菲律宾首都，100%的范围内提供以下符合条件:a.它投资于国内市场企业负以外地区列表或它出口企业的产品和服务做投资不是属于名单 A 和 B 的否定清单。国内市场企业是一家生产销售的商品或服务的企业或以其他方式从事任何业务在菲律宾。出口企业是制造商、 处理器或服务 (包括旅游) 企业，出口 60%或更多的它的输出或购买产品的交易者国内和出口的 60%或更多的这种购买。b.国家或州的申请人还必须允许菲律宾公民和其中做生意的公司。c.它必须有实收资本至少比索相当于 200000 美元

Kết quả (Trung) 3:

一、外商在菲律宾投资
决定在菲律宾经济
商业活动的外国实体参与法律7042号共和国法案，修订，
又名1991外国投资法案（“国际汽联”）。根据
FIA，它的政策的国家吸引，促进生产，欢迎
投资的外国个人，合伙企业，公司，政府，包括政治
细分，这大大有助于
国家工业化和社会经济发展的程度，对外
投资是由宪法和相关法律允许这样的活动活动。
鼓励外国投资，菲律宾法律明确承认各种权利
菲律宾的外国投资者，包括对投资、汇款和征收的自由的权利（除了有偿使用或国家福利或国防和支付赔偿）。外国人在菲律宾的公司、合伙企业和其他实体提供利益，合伙企业和其他实体是不从事法律保留的活动，仅对菲律宾公民或以实体为单位，这是全部由菲律宾公民拥有。外国
股权的最高金额是在公司允许的，取决于类型的活动，公司
从事
1。外资参股范围国际汽联的制订提供了一个外商投资负面清单
（“负面清单”）–列表，外国资本是经济活动的
禁止或限制在一定的百分比。负面清单有两个组成部分的列表：列表和列表。列表中包含有外国所有权的投资领域。有限的philippineconstitution授权或由特定的法律。列表中包含的投资领域的外国所有权是有限的原因，安全，国防，健康和道德风险，或保护当地的中小企业。一个新的负面清单是前瞻性的应用程序和不会影响已存在的外国投资，其出版日期。除对外国股票的限制在菲律宾宪法或章程规定的限制，菲律宾总统可修改的负面清单。然而，对名单的修订，不得超过每两年一次。