The Philippine Board of Investments One Window Network (BOI-OWN) is a cloud-based web portal and mobile application system that promotes full transparency and accountability through the Customer Relation Management (CRM) application/system which offers online investment facilitation of investor’s Pre-investment and Post investment queries and concerns, request for inbound missions and joint venture facilitation. The investors can easily track and monitor their concerns anytime and anywhere as they will receive email or SMS notification for every action/activity that will be undertaken by the designated account officers. The CRM application/system through the Investment Ombudsman will observe and monitor the prescribed time frame within which to act on submitted issues and concerns pursuant to Republic Act (R.A.) No. 9485 or the Anti-Red Tape Act (ARTA) of 2007 and/or R.A. No. 6713 or the Code of Ethics and Ethical Standards of Public Officials and Employees. In addition, the BOI-OWN will serve as the central repository of all investment and business-related services and information on the Investment Promotion Unit Network (IPUnetwork) and partner government agencies. A window for investors to directly lodge complaint with or request assistance from the Investment Ombudsman or the Civil Service Commission (CSC) on queries and concerns not acted as prescribed under R.A. No. 9485 and R.A. No. 6713 or refused to acted upon by concerned government agencies is provided.

Foreign investment policies, requirements, and incentives

The government encourages foreign investments which will provide
significant employment opportunities relative to the amount of the capital
being invested, improve productivity of resources, increase volume and
value of exports, and provide a foundation for the future development of
the economy.
Investment-related rules have been liberalized to facilitate entry of foreign
investments. This thrust is expected to continue.
With the liberalization of the foreign investments law, 100% foreign equity

may be allowed in all areas of investment except financial institutions
and those included in the Ninth Regular Foreign Investment Negative List
which took effect on 29 October 2012. This list includes:

List A:

Areas reserved to Filipinos by mandate of the Constitution and special laws such as but not limited to:

a. Mass media except recording, practice of licensed professions, retail
trade with paid-up capital of less than US$2.5 million, cooperatives,
and small scale mining, etc. where foreign ownership is prohibited; and

b. Private radio communications network, private recruitment,
advertising, ownership of land, operation and management of public
utilities, etc. where only minority foreign ownership is allowed.

List B

Areas that are security and defense related; those with adverse effects on
public health and morals; and for the protection of small-and medium scale enterprises, i.e., domestic market enterprises with paid-in capital of
less than the equivalent of US$200,000 and domestic market enterprises
which involve advanced technology or employ at least 50 Filipino direct
employees, with paid-in capital of less than the equivalent US$100,000.

A. BOI Incentives

An enterprise registered with the BOI pursuant to the 1987 Omnibus Investments Code (Executive Order or EO 226) is entitled to, among others, the following incentives subject to certain terms and conditions:

Fiscal Incentives

i. Income tax holiday (ITH) for six years for pioneer firms and generally four years for non-pioneer firms. If a non-pioneer firm is located in a less developed area, it shall generally be entitled to six years ITH. Firms locating within Metro Manila shall not be granted ITH unless they are:

  • Within a government industrial estate;
  • Service-type projects with no manufacturing facilities;
  • Power generating plants; or
  • Exporters with expansion projects.

ii. Tax credit on raw materials, supplies, and semi-manufactured products

iii. Additional deduction from taxable income for labor expense (cannot
be simultaneously enjoyed with the ITH incentive)

iv. Duty-free importation of capital equipment, spare parts and
accessories until 10 May 2017

v. Additional deduction from taxable income for necessary and major
infrastructure works (cannot be simultaneously enjoyed with the ITH

Non-fiscal Incentives

Certain non-fiscal incentives are also available to registered enterprises,
among which are: employment of foreign nationals; guaranteed
repatriation of foreign investments and earnings thereon; and importation
of consigned equipment for an unlimited period subject to posting of a reexport bond.

B. PEZA Incentives

The Special Economic Zone Act of 1995, as amended, mandates the PEZA
to operate, administer, manage, and develop Special Economic Zones or ecozones. Business enterprises operating within ecozones shall be entitled to the ITH incentives mentioned above. PEZA-registered exporters likewise enjoy tax and duty exemption on importations of capital equipment, raw materials, and other merchandise directly needed in their registered operations. Moreover, after availment of the ITH incentive, PEZA-registered enterprises shall be subject to a final tax at a preferential rate of 5% of their gross income earned, in lieu of all other taxes, local and national. Information Technology (IT) companies are entitled to similar incentives if they are registered locators in an IT ecozone.

C. Other incentives

Three other special economic zones were created under three separate
special laws. These are the Cagayan Special Economic Zone, the
Zamboanga City Special Economic Zone, and the Aurora Special Economic
Zone. In 2009, Congress passed a law converting the previously established
Bataan Economic Zone to the Freeport Area of Bataan. In 2010, the Aurora
Economic Zone has been expanded and developed to become the Aurora
Pacific Economic and Freeport Zone. Business enterprises locating in these
ecozones are granted incentives similar to those granted to PEZA ecozone
enterprises. Enterprises operating within declared freeports/special economic zones under Republic Act (RA) 7227, as amended by RA 9400 (i.e., Subic Bay Freeport, Clark Freeport, Morong Freeport, John Hay Freeport, and Poro Point Freeport) shall, in lieu of paying other taxes, pay a final tax of 5% of gross income provided their income from the domestic market, i.e., sales to customers located within the customs territory or outside the ecozone, shall not exceed 30% of their income from all sources.

In general, investment incentives are not transferable. However, investment incentives are attached to the registered project and subject to certain qualifications, may be carried over from one owner to the next, at the discretion of the incentives giving body. Tax credit certificates may be transferred subject to certain conditions.

Registration requirements, application
procedures, and approval

To qualify for registration with the BOI for incentive purposes, the

proposed foreign investment must be made in any of the following:

a. Preferred areas of investment listed in the current Investment

Priorities Plan (IPP). A preferred area may be declared pioneer if it:

i. Engages in the manufacture, processing, or production (not

merely in the assembly or packaging) of goods, products,

commodities, or raw materials that have not been or are not

being produced in the Philippines on a commercial scale;

ii. Uses a design, formula, scheme, method, process, or system of

production or transformation of any element, substance, or raw

materials into another raw material or finished good which is

new and untried in the Philippines;

iii. Engages in the pursuit of agricultural, forestry, and mining

activities and/or services including the industrial aspects of

food processing whenever appropriate, pre-determined by

the concerned IPA to be feasible and highly essential to the

attainment of the national goal in relation to a declared specific

national food and agricultural program for self sufficiency and

other social benefits of the project; or

iv. Produces non-conventional fuels or manufactures equipment

which utilize non-conventional sources of energy or uses or

converts to coal or other non-conventional fuels of sources

of energy in its production, manufacturing, or processing


Pioneer status under any of the foregoing instances shall be subject to the

condition that the final product involves or will involve substantial use

and processing of domestic raw materials, whenever available; taking into

account the risks and raw magnitude of investment.

b. Enterprises engaged in preferred non-pioneer areas and exporting at

least 70% of their output.

c. Projects in less-developed areas provided that the activities in all of the

above cases are not reserved for Philippine nationals under the Foreign

Investment Negative List (FINL).

On the other hand, the projects that may qualify for registration with

PEZA or other IPAs are those that involve manufacturing for export and

the domestic market, free trade, tourism, agri-industrial export, bio-fuel

manufacturing, information technology, utilities, facilities enterprises, and

logistics service enterprises providing warehousing and trading operations

in the ecozones and development and operation of ecozones.

2. What possible obstacles would our application meet?

The obstacles normally encountered in the filing of applications include

non-compliance with the criteria set by the BOI, misinterpretation of the

coverage of activities listed in the IPP, failure to submit the required project

feasibility study and other supporting documents, and possible opposition

from sectors or enterprises which might be adversely affected by the

proposed project. The BOI requires publication of the notice of application

and conducts hearings if objections to the application are received.

For PEZA or other IPA applicants, the usual problem consists of noncompliance

with some of the criteria set by PEZA or other IPAs and failure

to submit required documents and information.

How long will it take to obtain BOI/PEZA/other IPAs
approval once all requirements are complied with?
Under EO 226, applications filed with the BOI shall be considered
automatically approved if not acted upon by the BOI Board within 20
working days after they have been officially accepted, subject to the usual
terms and conditions.
In the case of PEZA, the processing and evaluation by the appropriate
department usually takes about two weeks. The decision on the project is
made during the bimonthly meetings of the PEZA Board.
As to the other IPAs, processing of applications including the approval
of their respective Boards, take a period of 15 to 30 working days from
submission of all documentary requirements.
A list of general and specific terms and conditions is normally attached
to the approval letter issued by the BOI/PEZA/other IPAs upon approval
of the application for registration. The general conditions include certain
management, financial, operational, and marketing restrictions which
must be properly complied with so as to avoid grounds for cancellation
of registration. The specific terms and conditions which may include
nationality, operational, and reporting requirements vary depending upon
the nature of the business enterprise.
The amount of time allowed for starting a registered project depends on
the type of the proposed project and the period set by the proponent in the
feasibility study with the approval of the BOI/PEZA/IPAs. Generally, the
project must be commenced within one year from approval date, but may
be extended under applicable qualifying circumstances.

Securities and Exchange Commisions Registration and Requirements Approval

The SEC is the government agency responsible for the registration,
licensing, regulation, and supervision of all corporations and partnerships
organized in the Philippines, including foreign corporations licensed to
engage in business or to establish branch offices in the Philippines.
Registration with the SEC grants the entity with the corporate franchise or
juridical personality to operate and transact business in the Philippines.
Yes, the application for registration can be filed simultaneously, but the
approval of the application with the BOI/PEZA and other IPAs would be
conditional on the affirmative completion of the SEC processes.
The processing and approval of the papers generally take around 15
working days from official acceptance of the application.
A majority of the directors must be residents of the Philippines. The
number of directors must be at least five but not more than 15. Hence, if
there are five directors, at least three must be residents.
At least 25% of the authorized capital stock of a domestic corporation must
be subscribed and at least 25% of the subscription must be paid. However,
subscriptions by alien individuals or foreign entities must generally be fully
paid, except in cases where the law provides for the specific amount of
paid-up capital.

Bangko Sentral ng Pilipinas

Regulations on Foreign Investments

Yes, however, amounts in excess of the equivalent of US$10,000.00 are
required to be declared upon physical entry into the country. Funds
remitted outside the banking system cannot be registered as foreign equity
investment with the SEC and Bangko Sentral ng Pilipinas or BSP.
BSP registration is necessary only if the investor wants to make sure that
the repatriation of capital and the remittance of dividends, profits, and
earnings can be made using foreign exchange sourced from the banking
system. Otherwise, BSP registration is not necessary.
An investor is required to convert his inward remittance of foreign
investment to Philippine pesos for purposes of registration with the BSP.
Dividend and profit remittances as well as capital repatriation of foreign
investments are not regulated. Foreign investors are free to remit dividends and profits from their own foreign exchange sourced from outside the domestic banking system. However, if the foreign exchange will be sourced from the local banking system, there is a need for the foreign investments to have prior registration with the BSP (refer also to item 3 above).
Authorized Agent Banks (AABs) are authorized to sell and to remit the
equivalent foreign exchange at the exchange rate prevailing at the time of
actual remittance (representing sales/divestment proceeds or dividends/
profit of duly registered foreign investment) upon presentation of the
Bangko Sentral Registration Document (BSRD) and other applicable
documentary requirements.

Bangko Sentral ng Pilipinas

Rules on foreign exchange (fx) transactions

The registration of foreign investments (i.e., those made by non-residents) with the BSP or with investors designated custodian bank on behalf of the BSP is optional. It is required only if the FX needed to fund the repatriation of capital and the remittance of earnings thereon will be purchased from authorized agent banks (AABs) / subsidiary/affiliate FX corporations of AABs (AAB-forex corps).
BSP registration will authorize the foreign investor or his duly authorized representative to purchase FX from AABs/AAB-forex corps to repatriate capital and/or remit dividends/profits/earnings accruing on BSP-registered investments in FX. The Bangko Sentral Registration Document (BSRD) is one of the prescribed documents to support an application to buy FX from AABs/AAB-forex corps in the Philippines for these purposes.
First, as a general rule, there must be an inward remittance of FX as evidenced by a duly accomplished Certificate of Inward Remittance of FX (for cash investments), or proof of transfer of assets to the investee/beneficiary firm in the Philippines (for investments in kind).

Second, there must be evidence of receipt of the funds/assets by the local investee/beneficiary/or the local seller/issuer of the investment instruments,such as a Sworn Certification on such receipt and issuance of shares in consideration thereof (for investment in stock corporations); stockbroker purchase invoice or subscription agreement (for PSE-listed shares); accredited dealer Confirmation of Sale (for government securities); Certificate of Time Deposit (for peso time deposits with tenor of 90 days or longer); and contract/certificate of investment (for peso-denominated debt instruments). (For the complete registration procedure and documentation requirement, you may refer to the Appendix 10 of the FX Manual.)

All applications for registration of FDIs that are to be filed directly with the BSP, through the IOD, shall be supported by a duly accomplished application form (Annex W of the FX Manual).

All applications for registration of FDIs (under Section 34 of the FX Manual) shall be filed with the BSP within one (1) year from the date of inward remittance/actual transfer of assets to the Philippines. However, this one-year prescriptive period shall commence on 19 April 2015. Prior to that, all applications for registration of FDI may be filed with the BSP regardless of date of inward remittance/transfer of assets.
A custodian bank may be a universal/commercial bank or an offshore banking unit (OBU) appointed by the foreign investor to register his investments and to hold shares for and on his behalf, and to represent him in all the necessary actions in connection with his investment.
The Stock Transfer Agents (STAs) certification is a basic requirement for repatriation of investments made prior to 15 March 1973 in PSE-listed securities using FX purchased from AABs/AAB-forex corps without prior BSP approval. On the other hand, FDIs made prior to 15 March 1973 may be serviced using FX purchased from AABs/AAB-forex corps even without the required STAs certification, provided that the investments are duly registered with the BSP. Application for BSP registration of such investments may be filed with the BSP-IOD subject to the documentation requirements under Appendix 12 of the FX Manual.
Yes. Section 40.3 of the FX Manual allows banks which registered foreign portfolio investments (FPIs) to sell for outward remittance the equivalent FX of: (a) excess pesos funded with inward remittance of FX; plus (b) interest earned on the excess pesos, provided: (a) the investor shall comply with the prescribed documents under Item C.3 of Appendix 1; and (b) 50 percent of the FX inwardly remitted must have funded duly registered investments in the Philippines.

The provision is applicable to FPIs [item nos. 13 of Section 35 of the FX Manual] that have been registered by custodian banks. For foreign investments registered by the BSP, prior approval must be obtained for the remittance of the excess peso funds.

The BOI’s Business One-Stop Shop Action Center (BOSSAC) facilitates the processing and documentation of all requirements necessary for the establishment of a business enterprise established in the country. The BOSSAC puts together, under one roof, all government agencies in charge of business registration, licensing and permit issuance.

The BOI also coordinates an inter-agency Investment Promotion Unit (IPU) network for investment after care. The BSP is a member of the IPU.

Yes, said investments may be registered with custodian banks subject to documentary requirements provided under Appendix 10 of the FX Manual.
Non-resident issuers or their authorized representative may purchase from their depository AAB (where the peso account is maintained) the equivalent FX of the amount deposited in their peso account, provided that these are funded by peso proceeds from the onshore sale of their PSE-listed equity securities. For this purpose, the original BSP letter-authority to purchase FX and duly accomplished application to purchase FX using the prescribed format must be submitted to the FX selling/depository AAB. Non-resident issuers or their authorized representative shall submit to the BSP, through IOD, the request to purchase FX from their depository AAB, supported by documents listed under item no. 7 of Appendix 1.1 of the FX Manual.
The new Authority to Disclose Information (ATD) is only required to be submitted once by the non-resident investor (or his authorized representative) who intends to register his investment with a custodian bank. The registration allows the foreign investor to use the foreign exchange resources of the banking system for outward remittance of capital and earnings on the registered investment. Execution of the ATD signals the authority given by the investor for the custodian bank to disclose to the BSP information that may be required by the BSP relative to any and all investments that the non-resident investor may have in the custody of the particular bank. The required authorization will cover the following:
a. peso-denominated government securities;
b. PSE-listed securities of residents;
c. peso time deposits with tenor of at least 90 days;
d. non-resident investments in equities issued by non-residents previously listed in an international exchange and subsequently uplifted/transferred to PSE; and
e. non-resident investments in PSE-listed equity securities issued by

IPO registration of technology transfer
agreements, taxation of royalties and
service fees

Royalties and similar fees can be charged to operations provided payments
for said fees are covered by a technology transfer agreement (TTA) which
conforms with the mandatory and restrictive provisions of the Intellectual
Property Code (IPC). Compliance of the TTA with the IPC requirements
will not require the registration of the TTA with the Documentation,
Information and Technology Transfer Bureau (DITTB) of the Intellectual
Property Office (IPO).
The non-conformity of the TTA with the IPC shall generally render the
TTA unenforceable. However, in certain exceptional and meritorious cases
provided under the IPC, non-compliance with the IPC is allowed subject to
prior approval of the TTA by the IPO.
The IPC provides certain restrictions in the terms and conditions of the TTA
particularly those that will adversely affect free competition and trade. It
also prescribes certain mandatory provisions that should be included in the
Royalties and similar fees are generally subject to 30% gross income
tax and 12% value added tax when payable to a non-resident foreign
corporation. However, the tax rates for the royalties payable to residents of
foreign countries with which the Philippines has a tax treaty vary according
to the terms of the respective treaties.
Reimbursements of actual cost incurred abroad for operations such as
maintaining offices, advertising, commission, etc. are allowed provided
they are duly supported by documents and that these costs are incurred in
connection with the regular course of trade or business of the local paying
Technology transfer arrangements refer to contracts or agreements
involving the following: transfer of systematic knowledge for the
manufacture of a product or the application of a process; rendering of a
service, including management contracts; and the transfer, assignment, or
licensing of all forms of intellectual property rights, including licensing of
computer software, except computer software developed for mass market.
Within ten days from the filing of the request for certification of
compliance, the DITTB conducts a summary evaluation of the TTA. If the
TTA conforms with the Prohibited Clauses and Mandatory Provisions of the IPC, the DITTB issues a Certificate of Compliance. Otherwise, the DITTB notifies the parties of any violation and requires them to comply with the IPC if they wish to obtain a Certificate of Compliance.
With the liberalization of foreign exchange rules, remittance of royalties,
fees, or similar payments to a foreign company, net of the applicable taxes,
may be made through AABs without need of BSP approval.
The following documents may be required by the AABs to prove the
legitimacy of the transaction: (a) copy of contract/agreement; (b)
statement/computation of the royalty/copyright/patent/licensing fee; and
(c) proof of payment of withholding tax or tax exemption or entitlement to
preferential tax treatment, as the case may be.

Immigration Office FAQs

You may apply for a Pre-Arranged Employees (Commercial) visa under Section 9 (g) and Section 20 of the Commonwealth Act No. 613 or Philippine Immigration Act of 1940 (PIA). This is a working visa that allows employers/proprietors [in the Philippines] to employ foreign nationals with skills, qualifications and experience that may be short in supply in the Philippines.
A foreign national applying for a pre-arranged employee visa has to make sure that he/she has been hired by a Philippine-based company, who will be applying for his/her pre-arranged employee visa as his/her petitioner.
You may have an initial period of one (1), two (2) or three years (3) validity on your 9(g) Pre-Arranged Employees Commercial visa. You may also extend said visa for one (1), two (2) or three year (3) years depending on the Employer-Employee Contract.
Your family may convert their Temporary Visitor’s visa as dependents under your Pre-Arranged Employees Non-commercial visa. They will be granted with the same validity period with the principal applicant and may extend their visa.
Processing of the Pre-Arranged Employees Commercial visa usually takes forty (40) days, depending on the volume of applicants and provided that all the documentary requirements you submitted are complete.
You may secure a Pre-Arranged Employees Visa for Missionaries under Section 9(g) and Section 20 of the Commonwealth Act No. 613 or the Philippine Immigration Act of 1940 (PIA).
Non-immigrant foreign nationals holding the necessary visa under this category need to show proof of a bona fide membership in an educational or religious organization in the Philippines (Catholic Bishops Conference of the Philippines [CBCP] or Philippine Council of Evangelical Churches [PCEC]).
A foreign national is qualified to apply for a pre-arranged employee visa  missionary once he/she has been endorsed by an educational or religious organization in the Philippines such as the CBCP or PCEC.
You may have a one (1), two (2) or three (3) years initial period of validity on your Pre-Arranged Employees Missionary Visa. Furthermore, you may also extend your visa for another one (1), two (2) or three (3) years in a total of a maximum period of ten (10) years.
Your family may convert their Temporary Visitor’s visa as dependents under your Pre-Arranged Employees  Non-commercial visa. They will be granted with the same validity period with the principal applicant and may extend their visa.
BI accredited schools will allow your children to enroll in their schools with a visa status as dependents under your Pre-Arranged Visa. Thus, your children need not to apply for a Student Visa or a Special Study Permit (SSP).

Investment Ombudsman FAQs

  1. 15 (2), (3) RAA 6770; Sec.A 13 Art. XI, 1987 Constitution
  2. Sec. 26 (1), RAA 6770; Rule IV, AO No. 07, as amended
  3. Office Order No. 327 & 337, series of 2014
  1. To assist in attaining the national goal of inclusive growth and poverty reduction;
  2. To encourage local and foreign investments in the country and improve global competitiveness; and;
  3. To expedite resolution investor issues and concerns through prompt action on investors’s grievances and speedy resolution of investor’s complaints.
  1. Grievance-handling or public  assistance; and
  2. Fact-finding
Prioritize and take cognizance of trade and investment-related concerns of an investor or potential investor on the following:

  1. Delay in the delivery of frontline services relating to the establishment or conduct of business;
  2. Issuance of licenses, permits and certificates in relation to business to any person not qualified or legally entitled;
  3. Solicitation,demand or request by government official in exchange for the issuance of licenses, permits and certificates, the release of shipments and cargoes, as well as the arbitrary assessment of fees for the conduct of business; and
  4. Any other delay or refusal to comply with the referral or directive of the Investment Ombudsman team
IO Action Officers may resolve investor grievances thru any or a combination of the following modes:

  1. By telephone call;
  2. By calling parties to conference;
  3. By personal visit if the grievance requires immediate action;
  4. Thru other courses of action deemed necessary, appropriate and proper to expeditiously resolve the grievance.
Yes, an entrapment may be conducted in coordination with the National Bureau of Investigation in case there is a finding by the IO that entrapment operation is necessary.
OMB text hotline(+63)926-6994703;

Investment Ombudsman hotline:1662

OMB Central: (+02)926-8720

OMB Luzon: (+02) 926-8794

OMB Visayas: (+032) 412-5341/(+032)416-6134

OMB Mindanao: (+082) 221-3938/(+63)927-5496241/918-9156279

Email address: IO@ombudsman.gov.ph

Online: www.ombudsman.gov.ph

OMB Central Office: Investment Ombudsman, Ombudsman Building, Agham Road, North Triangle, Diliman, Quezon City, 1101

OMBA Luzon: Investment Ombudsman, Office of the Deputy Ombudsman for Luzon, 3rd Floor, Ombudsman Building, North Triangle Agham Road, Diliman, Quezon City, 1101

OMB Visayas: Investment Ombudsman, Office of the Deputy Ombudsman for Visayas, Department of Agriculture RO7 Compound, M. Velez St. Guadalupe, Cebu City, 6000

OMB Mindanao: Investment Ombudsman, Office of the Deputy Ombudsman for Mindanao, 4th Floor HAC Building Alvarez Street, Davao City, 8000