Areas of Investment Filipino Equity Foreign Equity

Mass Media (except recording) 100 % 0%

Services involving the practice of 100 % 0%
licensed professions save in
cases prescribed by law
Retail Trade 100 % 0%
Cooperatives 100 % 0%
Private Security Agencies 100 % 0%
Small-scale Mining 100 % 0%
Utilization of marine resources 100 % 0%
in archipelagic waters, territorial
sea, and exclusive economic
zone
Ownership, operation and 100 % 0%
management of cockpits
Manufacture, repair, stockpiling 100 % 0%
and/or distribution of nuclear
weapons
Manufacture, repair, stockpiling 100 % 0%
and/or distribution of biological,
chemical and radiological
weapons
Private recruitment, whether for 75% 25%
local or overseas employment
Contracts for the construction 75% 25%
and repair of locally-funded
works except: a)
infrastructure/dev’t. projects
covered in the Expanded BOT
Law and; b) Projects which are
foreign-funded or assisted and
required to undergo
international competitive
bidding
Private Radio Communication 80% 20%
Network
Advertising 70% 30%
Exploration, development and 60% 40%
utilization of natural resources
Ownership of private lands 60% 40%
Operation and management of 60% 40%
public utilities
Ownership/establishment and 60% 40%
administration of educational
institutions
Engaging in the rice and corn 60% 40%
administration
Contracts for the supply of 60% 40%
materials, goods and
commodities to government-
owned or controlled
corporation, company, agency or
municipal corporation
Contracts for the construction of 60% 40%
defense-related structure [e.g.,
land, air, sea and coastal
defense, arsenals, barracks,
depots, hangars, landing fields,
quarters, hospitals)
Project proponent and facility 60% 40%
operator of a BOT project
requiring a public utility
franchise
Private domestic and overseas 60% 40%
construction contracts
Manufacture, repair, storage, 60% 40%
and/or distribution of products
and ingredients used in the
manufacture thereof requiring
Philippine National Police [PNP]
clearance (i.e. firearms,
gunpowder, blasting supplies,
ingredients in making
explosives, etc.)
Manufacture, repair, storage 60% 40%
and/or distribution of products
requiring Department of
National Defense [DND]
clearance (i.e. guns and
ammunition for warfare, nuclear
weapons, guided missiles,
tactical aircraft, military
communications equipment,
etc.)
Sauna and steam bathhouses, 60% 40%
massage clinics and other like
activities
Other forms of gambling, e.g., 60% 40%
race track operation; racehorse
ownership/importation
Domestic market enterprises 60% 40%
with paid-in equity of less than
the equivalent of US$200,000.00
unless they involve advance
technology or they employ at
least fifty [50] direct employees,
the minimum paid-in capital will
be reduced to US $ 100,000.00