Dividend and profit remittances as well as capital repatriation of foreign
investments are not regulated. Foreign investors are free to remit dividends and profits from their own foreign exchange sourced from outside the domestic banking system. However, if the foreign exchange will be sourced from the local banking system, there is a need for the foreign investments to have prior registration with the BSP (refer also to item 3 above).
Authorized Agent Banks (AABs) are authorized to sell and to remit the
equivalent foreign exchange at the exchange rate prevailing at the time of
actual remittance (representing sales/divestment proceeds or dividends/
profit of duly registered foreign investment) upon presentation of the
Bangko Sentral Registration Document (BSRD) and other applicable
documentary requirements.