Tourism Investment Laws

Executive Order No. 63 
Executive Order granting incentives to foreigners investing at least US$50,000 in a tourist-related project or in any tourist establishment as determined by the Committee created in the same law. 

Omnibus Investments Code (Executive Order No. 226) 
Executive Order authorizing the Board of Investments to grant fiscal and non-fiscal incentives for local and foreign investors engaged in tourism activities listed under the current Investments Priorities Plan (IPP). 

Foreign Investment Act of 1991 (Republic Act. No. 7042 as Amended by Republic Act No. 8179) 
With the passage of the Foreign Investments Act, foreign nationals are now allowed to invest up to 100% equality participation in new or existing economic activities including restaurant operations that are incidental to the hotel business. Foreign equity participation of up to 40% is allowed in the operation and management of utilities (i.e. Land, air, and water transport. 

Built-Operate-Transfer (BOT) Law (Republic Act No. 6957 As amended by Republic Act No. 7718) 
The BOT Law authorized the financing, construction, operation and maintenance of infrastructure projects by the private sector. It allows a national implementing agencies and local government units to enter into BOT arrangement as a means of encouraging the participation of foreign and local companies in the country's infrastructure development program. 

Special Economic Zone Act of 1995 (Republic Act No. 7916) 
This Republic Act provides for the legal framework and mechanism for the creation, operation, administration and coordination of Special Economic Zones Authority (PEZA) and for other purposes. 

Retail Trade Liberalization Act of 2000 (Republic Act No. 8762) 
An act liberalizing the retail trade business, repealing for the purpose of Republic Act No. 1180, as amended, and for other purposes.