菲律宾外商投资法Word文档下载推荐.docx

菲律宾外商投资法Word文档下载推荐.docx

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a."

Act"

shallrefertoRepublicAct7042entitled"

AnActtoPromoteForeignInvestments,PrescribetheProceduresforRegisteringEnterprisesDoingBusinessinthePhilippines,andforOtherPurposes"

alsoknownastheForeignInvestmentsActof1991,asamended.

b. 

"

Philippinenational"

shallmeanacitizenofthePhilippinesoradomesticpartnershiporassociationwhollyownedbythecitizensofthePhilippines;

oracorporationorganizedunderthelawsofthePhilippinesofwhichatleastsixtypercent[60%]ofthecapitalstockoutstandingandentitledtovoteisownedandheldbycitizensofthePhilippines;

oratrusteeoffundsforpensionorotheremployeeretirementorseparationbenefits,wherethetrusteeisaPhilippinenationalandatleastsixtypercent[60%]ofthefundwillaccruetothebenefitofthePhilippinenationals;

Provided,thatwhereacorporationitsnon-FilipinostockholdersownstocksinaSecuritiesandExchangeCommission[SEC]registeredenterprise,atleastsixtypercent[60%]ofthecapitalstockoutstandingandentitledtovoteofbothcorporationsmustbeownedandheldbycitizensofthePhilippinesandatleastsixtypercent[60%]ofthemembersoftheBoardofDirectorsofeachofbothcorporationmustbecitizensofthePhilippines,inorderthatthecorporationshallbeconsideredaPhilippinenational.Thecontroltestshallbeappliedforthispurpose.

CompliancewiththerequiredFilipinoownershipofacorporationshallbedeterminedonthebasisofoutstandingcapitalstockwhetherfullypaidornot,butonlysuchstockswhicharegenerallyentitledtovoteareconsidered.

ForstockstobedeemedownedandheldbyPhilippinecitizensorPhilippinenationals,merelegaltitleisnotenoughtomeettherequiredFilipinoequity.Fullbeneficialownershipofthestocks,coupledwithappropriatevotingrightsisessential.Thus,stocks,thevotingrightsofwhichhavebeenassignedortransferredtoalienscannotbeconsideredheldbyPhilippinecitizensorPhilippinenationals.

Individualsorjuridicalentitiesnotmeetingtheaforementionedqualificationsareconsideredasnon-Philippinenationals.

c."

Foreigncorporation"

shallmeanonewhichisformed,organizedorexistingunderlawsotherthanthoseofthePhilippines.

Branchofficeofaforeigncompanycarriesoutthebusinessactivitiesoftheheadofficeandderivesincomefromthehostcountry.

Representativeorliaisonofficedealsdirectly,withtheclientsoftheparentcompanybutdoesnotderiveincomefromthehostcountryandisfullysubsidizedbyitsheadoffice.Itundertakesactivitiessuchasbutnotlimitedtoinformationdisseminationandpromotionofthecompany'

sproductsaswellasqualitycontrolofproducts.

d.InvestmentshallmeanequityparticipationinanyenterpriseorganizedorexistingunderthelawsofthePhilippines.Itincludesbothoriginalandadditionalinvestments,whethermadedirectlyasinstocksubscription,orindirectlythroughthetransferofequityfromoneinvestortoanotherasinstockpurchase.Ownershipofbonds[includingincomebonds],debentures,notesorotherevidencesofindebtednessdoesnotqualifyasinvestments.

Thepurchaseofstockoptionsorstockwarrantsisnotaninvestmentuntiltheholderthereofexerciseshisoptionandactuallyacquiresstockfromthecorporation.

e."

Foreigninvestment"

shallmeananequityinvestmentmadebyanon-Philippinenational;

Provided,however,Thatforpurposesofdeterminingforeignownership,pesoinvestmentsmadebynon-Philippinenationalsshallbeconsidered;

Provided,further,Thatonlyforeigninvestmentsintheformofforeignexchangeand/orotherassetsactuallytransferredtothePhilippinesanddulyregisteredwiththeCentralBank（CB）andprofitsderivedtherefromcanberepatriated;

andProvided,finally,That,forpurposesofSection8oftheAct,andRuleVIII,Section6oftheseRulesandRegulations,"

ExistingForeignInvestments"

shallmeananequityinvestmentsmadebyanon-PhilippinenationaldulyregisteredwiththeSECortheBureauofTradeRegulationandConsumerProtection（BTRCP）intheformofforeignexchangeand/orotherassetstransferredtothePhilippines.

f."

Doingbusiness"

shallincludesolicitingorders,servicecontracts,openingoffices,whetherliaisonofficesorbranches;

appointingrepresentativesordistributors,operatingunderfullcontroloftheforeigncorporation,domiciledinthePhilippinesorwhoinanycalendaryearstayinthecountryforaperiodtotalingonehundredeighty[180]daysormore;

participatinginthemanagement,supervisionorcontrolofanydomesticbusiness,firm,entityorcorporationinthePhilippines;

andanyotheractoractsthatimplyacontinuityofcommercialdealingsorarrangements,andcontemplatetothatextenttheperformanceofactsorworks,ortheexerciseofsomeofthefunctionsnormallyincidenttoandinprogressiveprosecutionofcommercialgainorofthepurposeandobjectofthebusinessorganization.

Thefollowingactsshallnotbedeemed"

doingbusiness"

inthePhilippines:

1.Mereinvestmentasashareholderbyaforeignentityindomesticcorporationsdulyregisteredtodobusiness,and/ortheexerciseofrightsassuchinvestor;

2.Havinganomineedirectororofficertorepresentitsinterestinsuchcorporation;

3.AppointingarepresentativeordistributordomiciledinthePhilippineswhichtransactsbusinessintherepresentative'

sordistributor'

sownnameandaccount;

4.Thepublicationofageneraladvertisementthroughanyprintorbroadcastmedia;

5.MaintainingastockofgoodsinthePhilippinessolelyforthepurposeofhavingthesameprocessedbyanotherentityinthePhilippines;

6.Consignmentbyaforeignentityofequipmentwithalocalcompanytobeusedintheprocessingofproductsforexport;

7.CollectinginformationinthePhilippines;

and

8.Performingservicesauxiliarytoanexistingisolatedcontractofsalewhicharenotonacontinuingbasis,suchasinstallinginthePhilippinesmachineryithasmanufacturedorexportedtothePhilippines,servicingthesame,trainingdomesticworkerstooperateit,andsimilarincidentalservices.

g."

Exportenterprise"

shallmeananenterprisewhereinamanufacturer,processororservice[includingtourism]enterpriseexportssixtypercent[60%]ormoreofitsoutput,orwhereinatraderpurchasesproductsdomesticallyandexportssixtypercent[60%]ormoreofsuchpurchases.

h."

Exports"

shallmeanthevolumeofthePhilippineportF.O.B.pesovalue,determinedfrominvoices,billsoflading,inwardlettersofcredit,loadingcertificates,andothercommercialdocuments,ofproductsexporteddirectlybyanexportenterpriseorthevalueofservicesincludingtourismsoldbyservice-orientedenterprisestonon-residentforeignersorthenetsellingpriceofexportproductssoldbyanexportenterprisetoanotherexportenterprisethatsubsequentlyexportsthesame;

Provided,Thatsalesofexportproductstoanotherexportenterpriseshallonlybedeemedexportswhenactuallyexportedbythelatter,asevidencedbyloadingcertificatesorsimilarcommercialdocuments;

andProvided,finally,Thatwithoutactualexportation,thefollowingshallbeconsideredconstructivelyexportedforpurposesoftheAct:

[1]salesofproductstobondedmanufacturingwarehousesofexportenterprises;

[2]salesofproductstoexportprocessingzoneenterprises;

[3]salesofproductstoexportenterprisesoperatingbondedtradingwarehousessupplyingrawmaterialsusedinthemanufactureofexportproducts;

and[4]salesofproductstoforeignmilitarybases,diplomaticmissionsandotheragenciesand/orinstrumentalitiesgrantedtaximmunitiesoflocallymanufactured,assembledorrepackedproductswhetherpaidforinforeigncurrencyorpesosfundedfrominwardlyremittedforeigncurrency.

SalesoflocallymanufacturedorassembledgoodsforhouseholdandpersonalusetoFilipinosabroadandothernon-residentsofthePhilippinesaswellasreturningoverseasFilipinosundertheInternalExportProgramoftheGovernmentandpaidforinconvertibleforeigncurrencyinwardlyremittedthroughthePhilippinebankingsystemshallalsobeconsideredexports.

i. 

Output"

shallrefertotheexportenterprise'

stotalsalesinataxableyear.Thetermsalesshallrefertothevalueincaseofheterogeneousproductsandvolumeincaseofhomogeneousproducts.

Heterogeneousproductsshallrefertoproductsofdifferentkindsandcharacteristicsaswellastothoseofthesamekindbutwithvariouscategoriesusingdifferentunitsofmeasurement.

Homogeneousproductsshallrefertoproductsofthesamekindorcategoryusingacommonunitofmeasurement.

j. 

Exportratio"

shallreferto:

1.thepercentageshareofthevolumeorpesovalueofgoodsexportedtothetotalvolumeorvalueofgoodssoldinanytaxableyeariftheexportenterpriseisengagedinmanufacturingorprocessing;

2.thepercentageshareofthepesovalueofservicessoldtoforeignerstototalearningsorreceiptsfromthesaleofitsservicesfromallsourcesinanytaxableyeariftheexportenterpriseisservice-oriented;

Valueofservicessoldshallrefertothepesovalueofallservicesrenderedbyanexportenterprisetoforeignersthatarepaidforinforeigncurrencyand/orpesosfundedfrominwardlyremittedforeigncurrencyasproperlydocumentedbytheexportenterprise;

or

3.the