Investment incentives, Eligibility, & Restrictions

Internet businesses, meaning internet access providers that are just carriers for transmitting messages

Teaching at higher education levels for non-professional subjects

Training centers for short-term high-level skills outside of the formal education system

Adjustment companies, lending companies, financing companies, and investment houses

Wellness centers

Retail trade enterprises with a minimum paid up capital of PHP 25,000,000

Shipping

Air carriers, Airports

Railway, subways, Toll roads

Domestic market enterprise with paid-up capital of at least US$200,000 or at least US$100,000 if employing at least 50 persons or using advanced technology

Retail trade enterprises if the paid-up capital is at least US$2,500,000, with a minimum investment of US$830,000 for establishing a storeness

Export enterprises if it exports at least 60% of its products or services

Procurement of infrastructure projects

Exploration, development and utilization of natural resources

Ownership of private lands

Operation of public utilities

Educational institutions (with exceptions)

Activities related to rice and corn except retailing

Supply of materials, goods and commodities to government

Operation of deep sea commercial fishing vessels

Ownership of condominium units

Private radio communications network

Activities that require PNP clearance such as firearms

Manufacture and distribution of dangerous drugs

Sauna and steam bathhouses and massage clinics

All forms of gambling except those with PAGCOR

Micro and small domestic market enterprises with paid-in equity capital of less than US$200,000

Micro and small domestic market enterprises (i) that involve advance technology as determined by DOST, (ii) are endorsed as startup or startup enablers by DTI, DICT, or DOST, (iii) with a majority of direct employees as Filipinos and not less than fifteen Filipino employees, with paid-in equity capital of US$100,000

Advertising

Private recruitment

Contracts for the construction of defense-related structures

Conttracts for the construction and repair of locally-funded public works, with exceptions

Contracts for the supply of goods to government-owned or controlled corporations

Private radio communications network`

Exploration, development, and utilization of natural resources

Rice and corn and the by-products thereof, except retailing

Ownership of condominium units

Ownership of private land

Operation of public utilities, except power generation and the supply of electricity

Products and ingredients requiring PNP clrearance (e.g, firearms, gunpower, etc.)

Gambling except if covered by investment agreements with Philippine Amusement and Gaming corporation.Biological, chemical, and radiological weapons

Products requiring Department of National Defense clearance (e.g., guns, missiles, etc.)

Domestic market enterprises with paid-in equity capital of less than US$200,000

Dangerous drugs

Domestic market enterprises that involve advanced technology or employ at least 50 direct employess with paid-in equity capital of less than US$100,000

Saunas, steam bath houses, massage clinics