Nellaine Annabelle L. Soliman

RA NO. 11647: A SEQUEL TO THE PHILIPPINES’ MOVE TO FURTHER EASE THE WAY FOR FOREIGN INVESTORS

31 March 2022 It seems the Philippine legislative and executive branches are on a roll in their mission to further attract foreign investments into the country to accelerate recovery of the economy which was drastically affected by the COVID19 pandemic. After the approval in December 2021 of Republic Act No. (“RA”) 11595 which simplified the …

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RA 11595: FURTHER EASING THE WAY FOR FOREIGN RETAIL ENTERPRISES IN THE PHILIPPINES

01 February 2022 Republic Act No. 11595 (“RA 11595”), entitled “An Act Amending Republic Act No. 8762, otherwise known as the Retail Trade Liberalization Act of 2000 (RTLA), by lowering the paid-up capital requirement for foreign retail enterprises and other purposes” was signed into law by Philippine President Rodrigo Duterte on 10 December 2021. It …

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