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CHAN ROBLES AND ASSOCIATES LAW FIRM - Welcome to the Home of the Philippine On-Line Legal Resources
 
PHILIPPINE FOREIGN INVESTMENT LAWS
 
Sponsored by:  The ChanRobles Group
 
This web page features the full text of
List B
of the
Third Regular Foreign Investments Negative List
of the
Foreign Investments Act of the Philippines.
 
 
 
 

THIRD REGULAR FOREIGN INVESTMENTS NEGATIVE LIST 
[Executive Order No. 11 dated August 11, 1998]

LIST B:
FOREIGN OWNERSHIP IS LIMITED
FOR REASONS OF SECURITY, DEFENSE, RISK TO HEALTH AND MORALS
AND PROTECTION OF SMALL AND MEDIUM-SCALE ENTERPRISES
 
Up to Forty Percent (40%) Foreign Equity

1.  Manufacture, repair, storage, and/or distribution of products and ingredients used in the manufacture thereof requiring Philippine National Police [PNP] clearance:

    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
    c.  Dynamite
    d.  Blasting supplies
    e.  Ingredients used in making explosives:
      i.    Chlorate of potassium and sodium
      ii.    Nitrates of ammonium 4vxc & barium, copper [11], lead [11] calcium and cuprite
      iii.    Nitric acid
      iv.   Nitrocellulose
      v.    Perchlorates of ammonium, potassium and sodium
      vi.   Dinitrocellulose
      vii.  Glycerol
      viii.  Amorphous Phosphorus
      ix.   Hydrogen Peroxide
      x.    Strontium Nitrate Powder
      xi.   Toluene
    f.  Telescopic sights, sniperscope and other similar devices [Republic Act No. 7042, as amended by R. A. No. 8179].]
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, depthchargers, 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), components and parts thereof
    f.  Space vehicles and component systems
    g.  Combat vessels (air, land and naval) and auxiliaries
    h.  Weapons repair and maintenance equipment
    i.   Military communications 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 Department of National Defense [R. A. No. 7042, as amended by R. A. No. 8179]
3.  Manufacture and distribution of dangerous drugs [R. A. No. 7042, as amended by R. A. No. 8179]

4.  Sauna and steam bathhouses, massage clinics and other like activities regulated by law because of risks they may impose to public health and morals [R. A. No. 7042, as amended by R. A. No. 8179]

5.  Other forms of gambling, e.g., race track operation [R. A. No. 7042, as amended by R. A. No. 8179]

6.  Domestic market enterprises with paid-in equity capital of less than the equivalent of US$200,000.00 [R. A. No. 7042,  as amended by R. A. No. 8179]

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 [R. A. No. 7042, as amended by R. A. No. 8179].

 
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