Offshore Banking System Establishment Law

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PRESIDENTIAL DECREE NO. 1034: Offshore Banking System Establishment Law

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Title Source: Supreme Court: Offshore Banking System Establishment Law

Law: Presidential Decree No. 1034

Decision Date: Sep 30, 1976

Presidential Decree No. 1034 established an offshore banking system in the Philippines to attract foreign lenders and investments, providing tax exemptions and privileges for offshore banking units and foreign personnel, while defining terms and requirements for operation.

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