Common Contracts
1 similar Asean-China Agreement on Trade in Services contracts
ASEAN-CHINA AGREEMENT ON TRADE IN SERVICES ANNEX 1/SC1Asean-China Agreement on Trade in Services • September 17th, 2020
All Sectors included in this Schedule In Activities Expressly Reserved by Law to Citizens of the Philippines (i.e., foreign equity is limited to a minority share): The participation of foreign investors in the governing body of any corporation engaged in activities expressly reserved to citizens of the Philippines by law shall be limited to the proportionate share of foreign capital of such entities. All executive and managing officers must be citizens of the Philippines. Acquisition of Land All lands of the public domain are owned by the State. Only citizens of the Philippines or corporations or associations at least 60 per cent of whose capital is owned by such citizens may own land other than public lands and acquire public lands through lease Foreign investors may lease only private lands. Entry and Temporary Stay of Natural Persons Supplying Services Non-resident alien may be admitted to the Philippines for the supply of a service after a determination of the non-ava
