Anti Dummy Law

Recommended Posts

Posted

There has been so much written over the years regarding the legal and not so legal way in which a foreigner can control land.

So accordingly I am throwing more confusion on the discussion by posting a link which was sent to me.

http://dumaguetemetropost.com/the-philippine-antidummy-law-p8430-641.htm?fbclid=IwAR2BreR-tZlediEX2UwCO2Id6229QYHTXDWoot8g7zrF8NKxPR

  • Like 1
Link to comment
Share on other sites

  • Forum Support
Posted (edited)

Well, that is one man's opinion.  I prefer to go with Duterte's list that I linked to a while back where the new Foreign Negative List says:

Quote

 

Aside from contracts for locally funded public works, foreigners may also hold up to 40 percent equity in the following areas:

1. Exploration, development, and utilization of natural resources
2. Ownership of private lands

 

. .  . etc . .  is a long list

 

Here's the link for those who missed it the first time.

So it seems Duterte does not believe that a corporation with only 40% foreign ownership that owns private lands violates the anti-dummy act.  But Duterte is not the supreme court so it's still a grey area, in my opinion.

Edited by Jollygoodfellow
removed grammarly code to remove scroll bar
  • Like 4
Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...