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  • REQUEST SUBMITTED

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    Date: 2023-02-27 21:16:36.898822

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    Date: 2023-02-28 08:43:13.839811

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    Date: 2023-03-21 17:53:40.773430

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Minimum capitalization for buy and sell of cars of 60% filipino-40% foreign domestic corporation

Requested from SEC by J. Lunar at 09:16 PM on Feb 27, 2023.
Purpose: Research
Date of Coverage: 01/01/2023 - 02/27/2023
Tracking no: #SEC-904771274790

Lunar 09:16 PM, Feb 27, 2023 

Hi, I would like to know about the minimum capitalization for buy and sell of cars of 60% filipino and 40% foreign owned domestic corporation.


Thank you

Gonzales 08:43 AM, Feb 28, 2023 

February 28, 2023

Dear Jonathan,

Thank you for your request dated Feb 27, 2023 under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch, for Minimum capitalization for buy and sell of cars of 60% filipino-40% foreign domestic corporation.

We received your request on Feb 27, 2023 and will respond on or before Mar 20, 2023 09:16:36 PM, in accordance with the Executive Order's implementing rules and regulations.

Should you have any questions regarding your request, kindly contact me using the reply function on the eFOI portal at https://foi.gov.ph/requests/aglzfmVmb2ktcGhyHQsSB0NvbnRlbnQiEFNFQy05MDQ3NzEyNzQ3OTAM, for request with ticket number #SEC-904771274790.

Thank you.

Respectfully,

Isma Gonzales
FOI Officer

del Rosario 05:53 PM, Mar 21, 2023 

March 21, 2023

Dear Jonathan Lunar,

Greetings!

Please be informed that there is no minimum requirement for a corporation whose business activity is to engage in the buying and selling of cars with 60% filipino-40% foreign domestic corporation. You may also refer to the Foreign Investment Act Negative List.

Respectfully,

Office of the Director
FOI Receiving Officer

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