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Philippines: Minimum paid-in capital for foreign investment to own an SME reduced

Description

On 2 March 2022, the Philippines government issued Republic Act No. 11647, requiring foreign businesses to provide skills development programmes to Filipino workers in order to receive a permit to hir...

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Intervention Details

Intervention Type

Labour market access

MAST Chapter

Migration measures

Implementation date

17 Mar 2022

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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