GROWTH DEVELOPMENT CHILD
GROWTH AND DEVELOPMENT
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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40%
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50%
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60%
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None of the above
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Detailed explanation-1: -Foreign nationals can own as much as 100% equity of a domestic enterprise if the business activities that the enterprise will engage in are not included in the FINL and the company’s paid-up capital is at least US$200, 000.
Detailed explanation-2: -Foreign businesses can own up to 40 percent of critical infrastructure only if the country of the foreign national accords reciprocity to Philippine nationals under a treaty.
Detailed explanation-3: -Under the Foreign Investments Act of 1991 (“FIA”), a foreign investor is generally allowed to own 100% of any local business enterprise.
Detailed explanation-4: -Domestic Corporations (subsidiary) A registered company with at least 60% Filipino ownership is considered as having Philippine nationality; if more than 40% foreign-owned, it is considered a foreign owned domestic corporation.
Detailed explanation-5: -Anyone, regardless of nationality, can invest in the Philippines with up to 100% equity. A business with 60% Filipino equity is considered a Philippine company, while one with more than 40% foreign equity is considered a foreign-owned domestic company.