No Foreign Equity g.

Customs Brokerage
h. Environmental Planning
1. Mass Media except recording i. Forestry
2. Practice of all professions j. Geology
k. Interior Design
a. Engineering l. Landscape Architecture
i. Aeronautical engineering m. Law
ii. Agricultural engineering n. Librarianship
iii. Chemical engineering o. Marine Deck Officers
iv. Civil engineering p. Marine Engine Officers
v. Electrical engineering q. Master Plumbing
vi. Electronics and Communication r. Sugar Technology
engineering s. Social Work
vii. Geodetic engineering t. Teaching
viii. Mechanical engineering u. Agriculture
ix. Metallurgical engineering v. Fisheries
x. Mining engineering w. Guidance counseling
xi. Naval Architecture and Marine
engineering
xii. Sanitary engineering 3. Retail trade enterprises with paid-up
capital of less than US$2,500,000
- Mentioned repeatedly. Take note.
b. Medicine and Allied Professions
i. Medicine 4. Cooperatives
ii. Medical Technology 5. Private Security Agencies
iii. Dentistry 6. Small-scale Mining
iv. Midwifery 7. Utilization of Marine Resources in
v. Nursing archipelagic waters, territorial sea, and
vi. Nutrition and Dietetics exclusive economic zone as well as
vii. Optometry small-scale utilization of natural
viii. Pharmacy resources in rivers, lakes, bays, and
ix. Physical and Occupational Therapy lagoons
x. Radiologic and X-ray Technology 8. Ownership, operation and management
xi. Veterinary Medicine of cockpits
9. Manufacture, repair, stockpiling and/or
distribution of nuclear weapons
c. Accountancy 10. Manufacture, repair, stockpiling and/or
d. Architecture distribution of biological, chemical and
e. Criminology radiological weapons and anti-personnel
f. Chemistry mines (Various treaties to which the
Philippines is a signatory and
conventions supported by the
Philippines)
11. Manufacture of firecrackers and other
pyrotechnic devices

Up to Twenty Percent (20%) Foreign Up to Forty Percent (40%) Up to Sixty Percent (60%)
Equity Foreign Equity Foreign Equity

12. Private radio communications 17. Exploration, development 27. Financing companies
network and utilization of natural regulated by the
resources Securities and
Up to Twenty-Five Percent (25%) Foreign Exchange
Equity 18. Ownership of private lands Commission

13. Private recruitment, whether for 19. Operation and management 28. Investment houses
local or overseas employment of public utilities regulated by the SEC
 14. Contracts for the construction and 20. Ownership/establishment
repair of locally-funded public works and administration of
except: educational institutions
a. Infrastructure/development
projects; and 21. Culture, production,
b. Projects which are foreign milling, processing, trading
funded or assisted and excepting retailing, of rice
required to undergo and corn and acquiring, by
international competitive barter, purchase or
bidding otherwise, rice and corn and
the by-products thereof
15. Contracts for the construction of
defense related structures 22. Contracts for the supply of
materials, goods and
Up to Thirty Percent (30%) Foreign commodities to
Equity government-owned or
controlled corporation,
16. Advertising company, agency or
municipal corporation

23. Project Proponent and

Facility Operator of a BOT
project requiring a public
utilities franchise

24. Operation of deep sea

commercial fishing vessels

25. Adjustment Companies

26. Ownership of
condominium units where
the common areas in the
condominium project are
co-owned by the owners of
the separate units or owned
by a corporation

Up to Twenty Percent (20%) Foreign Up to Forty Percent (40%) Foreign Up to Sixty Percent (60%)
Equity Equity Foreign Equity

1. Private radio communications 6. Exploration, development 16. Financing

network and utilization of natural companies
resources regulated by the
Up to Twenty-Five Percent (25%) Foreign Securities and
Equity 7. Ownership of private lands Exchange
Commission
2. Private recruitment, whether for local 8. Operation and management
or overseas employment of public utilities 17. Investment houses
regulated by the
3. Contracts for the construction and 9. Ownership/establishment and SEC
repair of locally-funded public works administration of educational
except: institutions
a. Infrastructure/development
projects; and 10. Culture, production, milling,
processing, trading excepting
 b. Projects which are foreign retailing, of rice and corn and
funded or assisted and acquiring, by barter, purchase
required to undergo or otherwise, rice and corn
international competitive and the by-products thereof
bidding
11. Contracts for the supply of
4. Contracts for the construction of materials, goods and
defense related structures commodities to government-
owned or controlled
Up to Thirty Percent (30%) Foreign Equity corporation, company,
agency or municipal
5. Advertising corporation

12. Project Proponent and

Facility Operator of a BOT
project requiring a public
utilities franchise

13. Operation of deep sea

commercial fishing vessels

14. Adjustment Companies

15. Ownership of condominium

units where the common
areas in the condominium
project are co-owned by the
owners of the separate units
or owned by a corporation