Practice question
An otherwise eligible investor relies on the home country's permission for Philippine nationals to invest the same capital value in a qualifying economic activity, with proper supporting law and documents. Explain why focusing exclusively on whether Philippine nationals can own majority equity in that activity is incomplete under IRR45(b).
Legal references
- RA 11659, amending CA146, public-utility definition and national-security safeguards: https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/2/94539
- Signed March 20, 2023 implementing rules of RA11659, Sections 5-7 and 32-45: https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/2/97017
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