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What areas are open to foreign investments and can a foreign investor own 100% equity in a Philippine business?

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What areas are open to foreign investments and can a foreign investor own 100% equity in a Philippine business?

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Foreign investments in the Philippines have been liberalized with the enactment of the Foreign Investments Act of 1991. Almost all sectors of business is open to 100% foreign equity and investment except financial institutions and those included in the Foreign Investment Negative List provided in the Foreign Investment Act of 1991.

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