[ESTABLISHING A BUSINESS ENTITY IN THE PHILIPPINES]
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LIST A Foreign Ownership is Limited by the Constitution and Specific Laws Industry Mass Media, Except Recording Practice of All Professions Retail Trade, Paid-Up Capital of Less than US$2,500,000 Cooperatives Private Security Agencies Small-scale Mining Utilization of Marine Resources in Philippine Waters, Including the Exclusive Economic Zone Ownership, Operation and Management of Cockpits Nuclear Weapons Trade and Manufacture Biological, Chemical and Radiological Weapons and Anti-Personnel Mines Trade and Manufacture Manufacture of Firecrackers and Pyrotechnics
Allowed Foreign Equity
None None None None None None None None None None
None
Private Recruitment for Local or Overseas Employment Contracts for the Construction of Defense-related Structures
Up to 25% Up to 25%
Advertising Contracts for the construction and repair of locally funded public works, except infrastructure/development projects and projects which are foreign- funded or assisted and required to undergo international competitive bidding Exploration, Development, and Utilization of Natural Resources Ownership of Private Lands Public Utilities Ownership, Establishment, and Administration of Schools Culture, Production, Milling, Processing, and Trading, Except Retailing, of Rice and Corn, and Acquiring Rice and Corn and the Rice and Corn By-Products Contracts for the supply of Materials and Goods to Government-owned or Controlled Corporations, Companies, Agencies, or Municipal Corporations Operation of Deep-Sea Commercial Fishing Vessels Private radio communications network
Up to 30%
Up to 40%
Up to 40% Up to 40% Up to 40% Up to 40% Up to 40%
Up to 40%
Up to 40% Up to 40%
ILN Corporate Group – Establishing a Business Entity Series
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