The registration of foreign investments (i.e., those made by non-residents) with the BSP or with investor’s designated custodian bank on behalf of the BSP is optional. It is required only if the FX needed to fund the repatriation of capital and the remittance of earnings thereon will be purchased from authorized agent banks (AABs) / subsidiary/affiliate FX corporations of AABs (AAB-forex corps).
BSP registration will authorize the foreign investor or his duly authorized representative to purchase FX from AABs/AAB-forex corps to repatriate capital and/or remit dividends/profits/earnings accruing on BSP-registered investments in FX. The Bangko Sentral Registration Document (BSRD)  is one of the prescribed documents to support an application to buy FX from AABs/AAB-forex corps in the Philippines for these purposes.
Inward foreign direct investments (FDIs) and investments in peso-denominated debt instruments issued onshore by private resident firms (not covered by Section 23) as defined under Sections 34 and 35.4 of the Manual of Regulations on FX Transactions (FX Manual) shall be registered directly with the BSP.  Inward remittances of FX funding the FDIs need not be converted to pesos to qualify for BSP registration.

Inward foreign investments in peso-denominated securities issued onshore by the National Government and other public sector entities; Philippine Stock Exchange (PSE)-listed equity securities issued by both residents and non-residents; and peso time deposits (with maturities of at least 90 days) shall be registered with the investor’s designated custodian bank on behalf of the BSP (see item 6 for definition of custodian banks). Inward remittances of FX funding portfolio investments need to be converted to pesos.

First, as a general rule, there must be an inward remittance of FX as evidenced by a duly accomplished Certificate of Inward Remittance of FX (for cash investments), or proof of transfer of assets to the investee/beneficiary firm in the Philippines (for investments in kind).

Second, there must be evidence of receipt of the funds/assets by the local investee/beneficiary/or the local seller/issuer of the investment instruments,such as a Sworn Certification on such receipt and issuance of shares in consideration thereof (for investment in stock corporations); stockbroker’s purchase invoice or subscription agreement (for PSE-listed shares); accredited dealer’s Confirmation of Sale (for government securities); Certificate of Time Deposit (for peso time deposits with tenor of 90 days or longer); and contract/certificate of investment (for peso-denominated debt instruments). (For the complete registration procedure and documentation requirement, you may refer to the Appendix 10 of the FX Manual.)

All applications for registration of FDIs that are to be filed directly with the BSP, through the IOD, shall be supported by a duly accomplished application form (Annex W of the FX Manual).

All applications for registration of FDIs (under Section 34 of the FX Manual) shall be filed with the BSP within one (1) year from the date of inward remittance/actual transfer of assets to the Philippines. However, this one-year prescriptive period shall commence on 19 April 2015. Prior to that, all applications for registration of FDI may be filed with the BSP regardless of date of inward remittance/transfer of assets.
A custodian bank may be a universal/commercial bank or an offshore banking unit (OBU) appointed by the foreign investor to register his investments and to hold shares for and on his behalf, and to represent him in all the necessary actions in connection with his investment.
The Stock Transfer Agents (STA’s) certification is a basic requirement for repatriation of investments made prior to 15 March 1973 in PSE-listed securities using FX purchased from AABs/AAB-forex corps without prior BSP approval. On the other hand, FDIs made prior to 15 March 1973 may be serviced using FX purchased from AABs/AAB-forex corps even without the required STA’s certification, provided that the investments are duly registered with the BSP. Application for BSP registration of such investments may be filed with the BSP-IOD subject to the documentation requirements under Appendix 12 of the FX Manual.
Yes.  Section 40.3 of the FX Manual allows banks which registered foreign portfolio investments (FPIs) to sell for outward remittance the equivalent FX of: (a) excess pesos funded with inward remittance of FX; plus (b) interest earned on the excess pesos, provided: (a) the investor shall comply with the prescribed documents under Item C.3 of Appendix 1; and (b) 50 percent of the FX inwardly remitted must have funded duly registered investments in the Philippines.

The provision is applicable to FPIs [item nos. 1 – 3 of Section 35 of the FX Manual] that have been registered by custodian banks. For foreign investments registered by the BSP, prior approval must be obtained for the remittance of the excess peso funds.

The BOI’s Business One-Stop Shop Action Center (BOSSAC) facilitates the processing and documentation of all requirements necessary for the establishment of a business enterprise established in the country. The BOSSAC puts together, under one roof, all government agencies in charge of business registration, licensing and permit issuance.

The BOI also coordinates an inter-agency Investment Promotion Unit (IPU) network for investment after care.  The BSP is a member of the IPU.

Yes, said investments may be registered with custodian banks subject to documentary requirements provided under Appendix 10 of the FX Manual.
Non-resident issuers or their authorized representative may purchase from their depository AAB (where the peso account is maintained) the equivalent FX of the amount deposited in their peso account, provided that these are funded by peso proceeds from the onshore sale of their PSE-listed equity securities. For this purpose, the original BSP letter-authority to purchase FX and duly accomplished application to purchase FX using the prescribed format must be submitted to the FX selling/depository AAB. Non-resident issuers or their authorized representative shall submit to the BSP, through IOD, the request to purchase FX from their depository AAB, supported by documents listed under item no. 7 of Appendix 1.1 of the FX Manual.
The new “Authority to Disclose Information” (ATD) is only required to be submitted once by the non-resident investor (or his authorized representative) who intends to register his investment with a custodian bank. The registrationallows the foreign investor to use the foreign exchange resources of the banking system for outward remittance of capital and earnings on the registered investment. Execution of the ATD signals the authority given by the investor forthe custodian bank to disclose to the BSP information that may be required by the BSP relative to any and all investments that the non-resident investor may have in the custody of the particular bank. The required authorization will cover the following:
a. peso-denominated government securities;
b. PSE-listed securities of residents;
c. peso time deposits with tenor of at least 90 days;
d. non-resident investments in equities issued by non-residents previously listed in an international exchange and subsequently uplifted/transferred to PSE; and
e. non-resident investments in PSE-listed equity securities issued by