The Philippines is ready for more foreign direct investments.
New Philippine President, Ferdinand Marcos, Jr. (BBM), is expected to continue the economic policies of previous president Rodrigo Duterte, including key reform laws that are opening the Philippine economy by removing foreign equity restrictions in key sectors. Affected sectors include telecommunications (including value-added service providers), infrastructure (including railways, tollways and expressways), and others that have been carved out from the scope of public utilities. Recent laws have also removed previous hurdles in foreign investments in retail trade in the Philippines.
Our guide on Doing Business in the Philippines 2022 focuses on the requirements needed when setting up and operating a business in the Philippines.