Is a foreign investor allowed to own 100% of a business entity?

With the liberalization of the foreign investments law, 100% foreign equity may be allowed in all areas of investment except financial institutions and those included in the Ninth Regular Foreign Investment Negative List which took effect on 29 October 2012. This list includes:List A: Areas reserved to Filipinos by mandate of the Constitution and special continue reading : Is a foreign investor allowed to own 100% of a business entity?