100% Foreign Ownership

Foreign Ownership of Finance Companies

03 Jan: Foreign Ownership of Finance Companies in the Philippines

The restrictions of ownership of foreign investors on adjustment, financing, and lending companies and investment houses under the Foreign Investment Negative List (FINL) have been amended by the new act RA 10881 which now allows 100 percent foreign ownership. This amendment lapsed into law on the 17th of July 2016 without the signature of the former president Benigno Aquino III.