Investment Policies in

the Philippines

 Filipino and Foreign Investments

Holistic Development
Fiscal Incentive Systems
Private Initiative
State: Supportive Role
Government: Entry and Growth of Local and Foreign
Capital
Industrial Peace

Board of Investments

Composition of the BOI

7 Governors:
Secretary of Department of Trade and Industry
3 Undersecretaries of Department of Trade and Industry
3 Representatives from Other Government Agencies and
Private Sector

Qualifications of the Governors of

BOI
Filipino Citizen for 30 Years
Of Good Moral Character
Of Recognized Competence

Powers and Duties of the Board

Preparation of Investment Priorities Plan
Rules and Regulation
Processing and Approval of Applications for Registration
Decision on Controversies Concerning the Implementation of the Code
Recommendation for the Entry Foreign Nationals for Employment
Checking and verification of Philippine Nationals and Registered
Enterprises
Suspend or Cancel Registration of Registered Enterprises for Incentive
Benefits
Determine Organizational Structure of the Office
Prepare or Contract for the Preparation of Feasibility and other Preinvestment Studies

 Require Registered Enterprises to List their Shares of Stock

Formulate and Implement Rationalization Programs
Suspend the Nationality Requirement
Extend the Period of Availment of Incentives
Regulate the Making of Investments by Foreigners
Prepare Industry and Sectoral Development Programs
Submit Annual Reports to the President
Provide Information to Prospective Foreign Investors
Gather Information about Preferred Areas of Investment
Enter Into Agreements with Other Agencies of Government
Exercise All Necessary and Incidental Powers

Powers and Duties of the Chairman and ViceChairman of BOI

The Chairman shall have the following
powers and duties:
To preside over the meetings of the
Board;
To render annual reports to the President
and such special reports as may be
requested;
To act as liaison between investors
seeking joint venture arrangements in
particular areas of investment;
Recommend to the Board such policies
and measures he may deem necessary
to carry out the objectives of this Code;
and
Generally, to exercise such other powers
and perform such other duties as may be
directed by the Board of Governors from
time to time.

The Vice-Chairman shall have the following

powers and duties:
To act as Managing Head of the Board;
To preside over the meetings of the
Board in the absence of the Chairman;
Prepare the Agenda for the meetings of
the Board and submit for its
consideration and approval the policies
and measures which the Chairman
deems necessary and proper to carry out
the provisions of this Code;
Assist registered enterprises and
prospective investors to have their
papers processed with dispatch by all
government offices, agencies,
instrumentalities and financial
institutions; and
Perform the other duties of the Chairman
in the absence of the latter, and such