Entry of Foreign Traders and Investors

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Republic Act No. 5171: Entry of Foreign Traders and Investors

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Title Supreme Court: Entry of Foreign Traders and Investors

Law: Republic Act No. 5171

Decision Date: Aug 4, 1967

Republic Act No. 5171 facilitates the entry of international traders and investors into the Philippines by allowing them to engage in substantial trade or direct operations of an enterprise, while also granting privileges to their spouses and unmarried children, subject to reciprocity with the foreign state.

facilitating entry

foreign traders

A

Eligibility Criteria for Entry

The alien must be entitled to enter the Philippines under a treaty of commerce and navigation.
Entry is permitted solely for two purposes:
1. To carry on substantial trade principally between the Philippines and the alien's country of nationality.
2. To develop and direct the operations of an enterprise in which the alien has invested or is actively investing a substantial amount of capital in accordance with the Philippine Constitution and laws.

Family Members Eligible for Entry

The alien’s wife and unmarried children under twenty-one years of age may accompany or follow to join the alien in the Philippines.

Reciprocity Condition

The entry privileges are subject to the condition of reciprocity, meaning that Filipino citizens must be accorded similar privileges in the alien’s country of nationality.

Repeal of Inconsistent Laws

Republic Act No. 1393 and other laws, parts of laws, rules, or regulations inconsistent with this Act are repealed to the extent of such inconsistency.

Effectivity

The Act takes effect immediately upon its approval on August 4, 1967.

END