Financing, Lending companies, Investment Houses and Adjustment companies can now be owned 100% by foreigners

Just recently, Republic Act 10881 titled “An Act Amending Investment Restrictions in Specific Laws Governing Adjustment Companies, Lending Companies, Financing Companies and Investment Houses Cited in The Foreign Investment Negative List And For Other Purposes – lapsed into law on July 17, 2016 without the signature from former President Benigno Aquino.  Under the Philippine Constitution,  a  proposed law submitted by Congress will lapse into law if the President will not act on it after 30 days from receipt. Prior to

Continue Reading

Site Footer