Creating a Foreign Investments Assistance Center
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Creating a Foreign Investments Assistance Center
Executive Order No. 845
November 8, 1982
Case Overview and Summary
Summary of Executive Order No. 845Creation of Foreign Investments Assistance Center
- A Foreign Investments Assistance Center is created within the Board of Investments. (Section 1)
- The Center will serve as a "one-stop shop" for foreign investors to assist them in setting up their business in the country. (Section 4)
Staffing and Representation
- The Central Bank, Securities and Exchange Commission, Human Settlements Regulatory Commission, and Export Processing Zone Authority shall detail representatives of appropriate senior rank to the Center. (Section 2)
- The Center is authorized to require the detail of personnel from other offices concerned with foreign investments to assist in disposing of any problems related to the setting up of business by foreign investors. (Section 3)
Implementation and Regulations
- The Board of Investments shall formulate rules and regulations to implement the intent and purposes of this Executive Order. (Section 5)
- Letter of Implementation No. 5 is amended, and all laws, decrees, orders, proclamations, rules, regulations, or parts thereof, which are inconsistent with any of the provisions of this Executive Order are hereby repealed or modified accordingly. (Section 6)
- This Executive Order shall take effect immediately. (Section 7)
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Creating a Foreign Investments Assistance Center
Executive Order No. 845
•November 8, 1982
EXECUTIVE ORDER NO. 845 November 8, 1982
CREATING A FOREIGN INVESTMENTS ASSISTANCE CENTER
WHEREAS, foreign investments are necessary to supplement domestic capital in desirable business activities, particularly export-oriented manufacturing projects and labor-intensive industries;
WHEREAS, such foreign investments which are in the national interest and generate substantial export earnings and employment, would bring access to foreign markets not otherwise available to domestic procedures;
WHEREAS, there is a need to create a "one-stop shop" for foreign investors which may otherwise be discouraged by the maze of various government regulations;
WHEREAS, the creation of a Foreign Investments Assistance Center will provide easy access to information and assistance to foreign investors in setting up their business in the country.
NOW, THEREFORE, I FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by the Constitution and the authority vested in me by Presidential Decree No. 1416, as amended, do hereby order and ordain:
Sec. 1. There is hereby created a Foreign Investments Assistance Center within the Board of Investments.
Sec. 2. The Central Bank,...
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Amends
n/a
Amended by
n/a
Tags
Executive Issuances
Executive Orders
foreign investments
assistance center
one-stop shop
Board of Investments
Central Bank
Securities and Exchange Commission
Human Settlements Regulatory Commission
Export Processing Zone Authority
rules and regulations
implementation
executive order
EXECUTIVE ORDER NO. 845 November 8, 1982
CREATING A FOREIGN INVESTMENTS ASSISTANCE CENTER
WHEREAS, foreign investments are necessary to supplement domestic capital in desirable business activities, particularly export-oriented manufacturing projects and labor-intensive industries;
WHEREAS, such foreign investments which are in the national interest and generate substantial export earnings and employment, would bring access to foreign markets not otherwise available to domestic procedures;
WHEREAS, there is a need to create a "one-stop shop" for foreign investors which may otherwise be discouraged by the maze of various government regulations;
WHEREAS, the creation of a Foreign Investments Assistance Center will provide easy access to information and assistance to foreign investors in setting up their business in the country.
NOW, THEREFORE, I FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by the Constitution and the authority vested in me by Presidential Decree No. 1416, as amended, do hereby order and ordain:
Sec. 1. There is hereby created a Foreign Investments Assistance Center within the Board of Investments.
Sec. 2. The Central Bank,...
Login to see full content