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 4th Regular Foreign Investment Negative List(2003³â)

 

LIST A : FOREIGN IS LIMITED BY MANDATE OF THE CONSTITUTION AND SPECIFIC LAWS
¸®½ºÆ®A - Çå¹ý ȤÀº Ưº°¹ý¿¡ ÀÇÇÑ ¿Ü±¹ÀÎ ÅõÀÚ Á¦ÇÑ ºÐ¾ß 

 

No Foreign Equity(¿Ü±¹ÀÎ ÅõÀÚ°¡ ºÒ°¡´ÉÇÑ ºÐ¾ß)

 

1.   Mass Media except recording (Art. XVI, Sec. 11 of the Constitution; Presidential Memorandum dated 04 May 1994)  ·¹ÄÚµùÀ» Á¦¿ÜÇÑ ´ëÁ߸Åü

2.   Practice of all professions 1ÀÚ°ÝÁõ ¼ÒÁö Àü¹®Á÷

 

a)    Engineering ±â¼ú»ç

i.    Aeronautical

ii.   Agricultural

iii   Chemical

iv.  Civil

v.   Electrical

vi.  Electronics and Communication

vii  Geodetic

viii. Mechanical

ix.  Metallurgical

x.   Mining

xi.  Naval Architecture and Marine

xii. Sanitary

b) Medicine and Allied Profession ÀÇ·á°ü·Ã Á÷¾÷

i.    Medicine

ii.   Medical Technology

iii.  Dentistry

iv.  Midwifery

v.   Nursing

vi.   Nutrition and Dietetics

vii.  Optometry

viii. Pharmacy

ix.  Physical and Occupational Therapy

x.   Radiologic and X-ray Technology

xi.  Veterinary Medicine

c)  Accountancy ȸ°è»ç

d)  Architecture °ÇÃà»ç

e)  Criminology

f)   Chemistry

g)  Custom Brokerage

h)  Environmental Planning

i)   Forestry

j)   Geology

k)  Interior Design

l)   Landscape Architecture

m) Law º¯È£»ç

n)  Librarianship

o)  Marine Deck Officers

p)  Marine Engine Officers

q)  Master Plumbing

r)   Sugar Technology

s)  Social Work

t)   Teaching

(Art. XII, Sec 14 of the Constitution; Sec 1 of RA 5181)

3.  Retail trade enterprises with paid-up capital of less than US$2,500,000 (Sec. 5 of RA 8762)

4.  Cooperatives (Ch. III, Art. 26 of RA 6938) Çùµ¿Á¶ÇÕ

5.  Private Security Agency (Sec. 4 of RA 5487) »ç¼³ °æºñ ´ëÇà¾÷

6.  Small-scale Mining (Sec. 3 of RA 7076)¼Ò±Ô¸ð ±¤»ê¾÷

7.  Utilization of Marine Resources in archipelagic waters, territorial sea, and exclusive economic zone (Art. XII, Sec 2 of the Constitution) ¾î¾÷

8.  Ownership, operation and management cockpits (Sec. 5 of PD 449)

9.   Manufacture, repair, stockpiling and/or distribution of nuclear weapons (Art. II, Sec.8 of the Constitution)2

10. Manufacture, repair, stockpiling and/or distribution of biological, chemical and radiological weapons (Various treaties to which the Philippines is a signatory and conventions supported by the Philippines) 2

11. Manufacture of firecrackers and other pyrotechnic devices (Sec. 5 of RA 7183)

 

 

Up to Twenty-Five Percent (25%) Foreign Equity(¿Ü±¹ÀÎ ÅõÀÚ°¡ 25Æä¼¾Æ®±îÁö °¡´É)

 

12. Private recruitment, whether for local or overseas employment (Art. 27 of PD 442)  Á÷¾÷ ¼Ò°³¾÷

13. Contracts for the construction and repair of locally-funded public works (Sec. 1 of CA 541, LOI 630) except:

     Çʸ®ÇÉÀÌ ÀÚº»À» ÅõÀÚÇÏ´Â °ø°ø»ç¾÷ ÇÁ·ÎÁ§Æ®

a) infrastructure/development projects covered in RA 7718; and

b) projects which are foreign funded or assisted and required to undergo international competitive bidding (Sec. 2a of RA 7718)

 

 

Up to Thirty Percent (30%) Foreign Equity(¿Ü±¹ÀÎ ÅõÀÚ°¡ 30%±îÁö °¡´ÉÇÑ ºÐ¾ß)

 

14. Advertising (Art. XVI, Sec. 11 of the Constitution)  ±¤°í¾÷

 

 

Up to Forty Percent (40%) Foreign Equity(¿Ü±¹ÀÎ ÅõÀÚ°¡ 40%±îÁö °¡´ÉÇÑ ºÐ¾ß)

 

15. Exploration, development and utilization of natural resources (Art. XII, Sec. 2 of the Constitution)3 ÀÚ¿¬ÀÚ¿ø °³¹ß ȤÀº ÀÌ¿ë

16. Ownership of private lands (Art. XII, Sec. 7 of the Constitution; Ch. 5, Sec. 22 of CA 141) °³ÀÎÅäÁö ¼ÒÀ¯

17. Operation and management of public utilities (Art. XII, Sec, 11 of the Constitution; Sec. 16 of the CA 146)°ø°ø »ç¾÷ ºÐ¾ß

18. Ownership/establishment and administration of educational institutions (Art. XIV, Sec. 4 of the Constitution)

19. Culture, production. milling, processing, trading, excepting retailing, of rice and corn and acquiring, by barter, purchase or otherwise, rice and corn and the by-products thereof4 (Sec. 5 of PD 194; Sec. 15 of RA 8762) ¹ÌÀÛ. ´ëµÎÀÛ¹°

20. Contracts for the supply of materials, goods and commodities to government-owned or controlled corporation, company, agency or municipal corporation ( Sec. 1 of RA 5183)

21. Contracts for the construction of defense-related structures (Sec. 1 of CA 541) °Ç¼³°ü·Ã

22. Project Proponent and Facility Operator of a BOT project requiring a public utilities franchise (Art. XII, Sec 11 of the Constitution; Sec. 2a of RA 7718)°Ç¼³°ü·Ã

23. Operation of deep sea commercial fishing vessels (Sec. 27 of RA 8550)¿ø¾ç¾î¾÷

24. Adjustment Companies (Sec 323 of PD 612 as amended by PD 1814)

25. Ownership of condominium units where the common areas in the condominium project are co-owned by the owners of the separate units or owned by a corporation (Sec 5. of RA 4726)

 

 

Up to Sixty Percent (60%) Foreign Equity(¿Ü±¹ÀÎ ÅõÀÚ°¡ 60%±îÁö °¡´ÉÇÑ ºÐ¾ß)

 

26. Financing companies regulated by the Securities and Exchange Commission (Sec. 6 of RA 5980 as amended by RA 8556) 5 ±ÝÀ¶ ȸ»ç

27. Investment houses regulated by the SEC (Sec. 5 of PD 129 as amended by RA 8366) 5ÅõÀÚ È¸»ç

28. Retail trade enterprises with a minimum paid-up capital of US$2,500,000 but less than US$7,500,000 (Sec 5 of RA 8762) 6 »õ·Î Ãß°¡µÈ Á¶Ç×

 

 


Âü°í»çÇ×
1 This is limited to Filipino citizens save in cases prescribed by law

2 Domestic investments are also prohibited ( Art II, Sec. 8 of the Constitution; Conventions/Treaties to which the Philippines is a signatory

3 Full foreign participation is allowed through financial or technical assistance agreement with the President (Art. XII, Sec. 2 of the Constitution)

4 Full foreign participation is allowed provided that within the 30-year period from start of operation, the foreign investor shall divest  a minimum of 60 percent of their equity to Filipino citizens (Sec. 5 of PD 194; NFA Council Resolution No. 192 s. 1998)

5 No foreign national may be allowed to own stock in financing companies or investment houses unless the country of which he is national accords the same reciprocal rights to Filipinos (Sec. 6 of RA 5980 as amended by RA 8556; PD 129 as amended by RA 8366)

6 Full foreign participation shall be allowed after 25 March 2002 but in no case shall investments for establishing a store be less than US$830,000. Full foreign participation is currently allowed in the following categories: C) Enterprises with capital of US$7,500,000 or more, provided that investments for establishing a store should not be less than US$830,000; and D) Enterprises specializing in high-end or luxury products, provided that the paid-up capital per store is not less than US$250,000 (Sec. 5 of RA 8762)

LIST B: FOREIGN OWNERSHIP IS LIMITED FOR REASON OF SECURITY, DEFENSE, RISK TO HEALTH AND MORALS AND PROTECTION OF SMALL- AND MEDIUM-SCALE ENTERPRISES
¸®½ºÆ® B - ¾Èº¸.±¹¹æ.°Ç°­.µµ´ö.Áß¼Ò±â¾÷ º¸È£ÀÇ ÀÌÀ¯·Î Á¦ÇѵǴ ¾÷Á¾ 

 

Up to Forty Percent (40%) Foreign Equity

 

1. Manufacture, repair, storage, and/or distribution of product and/or ingredients requiring Philippine National Police (PNP) clearance:  È­¾àÁ¦Á¶¾÷.º´±â.À§ÇèÇÑ ¾àǰ°ü·Ã

 

a)   Firearms (handguns to shotguns), parts of firearms and ammunition therefor, instruments or implements used or intended to be used in the manufacture of firearms

b)   Gunpowder Æø¾à

c)   Dynamite ´ÙÀ̳ª¸¶ÀÌÆ®

d)   Blasting supplies

e)   Ingredients used in making explosives: Æø¹ß¹°À» Á¦Á¶Çϴµ¥ »ç¿ëµÇ´Â ¿ø·á

i.    Chlorates of potassium and sodium

ii.   Nitrates of ammonium, potassium, sodium, barium, Copper (11), lead (11), calcium and cuprite

iii.  Nitric acid

iv.  Nitrocellulose

v.   Perchlorates and ammonium, potassium and sodium

vi.  Dinitrocellulose

vii. Glycerol

viii. Amorphous phosphorus

ix.  Hydrogen peroxide

x.   Strontium nitrate powder

xi.  Toluene

f)   Telescopic sights, sniper scope and other similar devices

 

2. Manufacture, repair, storage and/or distribution of products requiring Department of National Defense (DND) clearance:

 

a)  Guns and ammunition for warfare

b)  Military ordnance and parts thereof (e.g., torpedoes, mines, depth charges, bombs, grenades, missiles)

c)  Gunnery, bombing and fire control systems and components

d)  Guided missiles/missile systems and components

e)  Tactical aircraft (fixed and rotary-winged), parts and components thereof

f)   Space vehicles and component systems

g)  Combat vessels (air, land and naval) auxiliaries

h)  Weapons repair and maintenance equipment

i)   Military Communication Equipment

j)   Night vision equipment

k)  Stimulated coherent radiation devices, components and accessories

l)   Armament training devices

m) Others as may be determined by the Secretary of the DND

 

3. Manufacture and distribution of dangerous drugs

4. Sauna and steam bathhouses, massage clinics and other like activities regulated by law because of risks they impose to public health and morals ¸¶»çÁö

5. All forms of gambling, e.g. race track operation µµ¹Ú

6. Domestic market enterprises with paid-in  equity capital less than the equivalent of US$200,000     ³³ÀÔÀÚº»±Ý 20¸¸ ´Þ·¯ ÀÌÇÏÀÇ ³»±¹½ÃÀå ±â¾÷

7. Domestic market enterprises which involve advanced technology or employ at least fifty (50) direct employees with paid-in-equity capital of less than the equivalent of US$100,000 (RA 7042 as amended by RA 8179)

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