Individuals and entities who are non-Philippine nationals, as well as former Filipino citizens, have been granted liberalized and expanded investment rights in the Philippines.
Foreign Investments Act
Republic Act No. 7042 (as amended by Republic Act No. 8179), otherwise known as the Foreign Investments Act of 1991, was enacted to promote productive investments from non-Philippine nationals to the extent that such foreign investments1 are allowed by the Constitution and relevant laws.
Under the said law, a non-Philippine national may, upon registration with appropriate government agencies, do business2 or invest in a domestic market enterprise and/or in an export enterprise up to 100% of its capital, unless participation of non-Philippine nationals in the enterprise is prohibited or limited to a smaller percentage by existing laws.Such prohibition or limitation is contained in the Negative List. Generally, a "non-Philippine national" is an individual who is not a Filipino
