|
BRUNEI DARUSSALAM* |
INDONESIA |
LAO PDR |
MALAYSIA* |
MYANMAR |
PHILIPPINES |
SINGAPORE |
THAILAND |
VIETNAM |
| 1. Investment Act |
| Investment Incentives Act
Provides tax advantage and incentives |
Law No.1 (1967)
Law No.11 (1970)
Foreign Investment
Law No.6 (1968)
Law No.12(1970)
Domestic Investment
Gov. Regulation No. 20/ 94 on Investment Decree of the Minister for Investment/Chairman of the Investment Coordinating Board. No. 15/ SK/1994 on Implementation Guidelines of the Government Regu-lation No. 20/ 1994,
Foreign ownership is possible.
Presidential Decree No.31/1995
concerning list of Sectors that are closed to investment.
Presidential Decree No.96/1998
Concerning list of Sectors that are closed to investments.
Presidential Decree No.99/1998
on Reservation Scheme.
Law No 1 (1995)
Foreign Company has to be established in the legal form of an Indonesian Limited Liability
Company(Perseroan Terbatas). |
Law on the Promotion and Management of Foreign Investment (1994)
Provides for Organisational forms -representative office,branch, partnership, private limited company - foreign equity ownership provisions, joint venture and wholly-owned subsidiary, tax and duty incentives,and restrictions on foreign investment in certain sectors. |
Promotion of Investment Act, 1986:
Provides for incentives for manufacturing, agriculture, tourism and hotel projects,researchand development (R&D), technical or vocational training, multimedia and other commercial activities. |
The Union of Myanmar Foreign Investment Law (November 1988)
Procedures relating to the Union of Myanmar Foreign Investment Law (December 1988) |
1987 Omnibus Investments Code:
Provides incentives to registered enterprises in preferred areas of investment as identified in the Investment Priorities Plan.
1991 Foreign Investments Act (RA 7042 as amend by RA 8179):
Stipulates processes and conditions under which foreign nationals may do business in the Philippines. |
1967 Economic Expansion
Incentives Act:
Law which Principally Consolidates Investment incentives. |
1977 Investment Promotion Act (Rev.1992):
Sets forth tax and non-tax incentives for both local and foreign investors in areas promoted by the Government. |
The Law on Foreign Investment in Vietnam dated 12 November 1996.
The Government Decree No.12/CP (18 February 1997)
provides detailed regulations on the implementation of the Law on Foreign Investment in Vietnam.
The Government Decree No 10/1998/ND-CP (23 January 1998)
on measures for encouragement and guarantee of Foreign Direct Investment in Vietnam.
Other Decrees and Circulars on foreign direct investment (FDI).
- Provide for the establishment, implementation and incentives system of FDI projects. |
|
2. Companies Act/ Factory Act |
| Companies Act
Provides for Principal Requirements for Incorporation of a Brunei company |
N. A. |
Business Law (1994)
Provides regulations for becoming a juristic entity in Lao PDR, places some restrictions on sectors in which foreign investors can operate and on employment of foreign nationals in certain professions. |
The Companies Act, 1965 :
The legislation Governing companies in Malaysia. It provides for procedures for incorporation and conduct of businesses in Malaysia. |
The Myanmar Companies Act (1914)
The Myanmar Companies Rules (1940)
Special Company Act (1950) |
N. A. |
Business Registration Act and Companies Act:
Indicates Requirements and procedures for business registration. |
The Factory Act of 1969 (amended in 1972, 1975, 1979, and 1992):
Stipulates Regulations for factory construction, operation and expansion, and safety requirements. The latest revision of the Act also impose strict controls on industrial pollution. The Act is administered by the Ministry of Industry. |
N. A. |
|
3. Other Legislation |
| Miscellaneous Licenses Act
Governs the Issuance of licenses to companies engaged in miscellaneous activities (e.g., motor vehicle dealers and petrol stations, etc.) |
N. A. |
Law on Domestic Investment (1995)
Regulates domestic investment, provides for 'promoted sectors' in which tax and tariff incentives are granted to domestic investors.
Tax Law (1995)
Provides for basic profits taxation rate, for incentive profits tax rates, for taxation of individuals, and for turnovers taxes and excise tax rates and regulations.
Customs Law (1994)
Provides for Customs procedures and regulations and for payment of turnover tax and excise tax in importation.
Mining Law (1997)
Places equity Ownership restrictions on foreign investment in mining.
Electricity Law (1997)
Places restrictions on foreign equity ownership in the hydropower sector.
| Industrial Coordination Act, 1975:
To ensure co-ordinated and orderly development of manufacturing activities in Malaysia.
Income Tax Act, 1967:
Contains tax laws and tax incentives for promoted industries or activities.
Free Zones Act, 1990:
Enable companies operating in the zones to enjoy minimum customs formalities and duty-free imports of raw materials, component parts, machinery and requipment required directly in the manufacturing process, as well as minimum formalities in the export of their finished products. |
The Myanmar Partnership Act (1932)
Immovable Property Restriction Law (1987)
The Co-operative Society Law (1992)
The State-Owned Economic Enterprises Law (1989)
Law Relating to Fishing Rights of Foreign Vessels (1989)
Law Relating to Aquaculture (1989)
The Myanmar Tourism Law (1990)
Commercial Tax Law (1990)
The Central Bank of Myanmar Law (1990)
Myanmar Marine Fisheries Law (1990)
Fresh Water Fisheries Law (1991)
The Private Industrial Enterprise Law (1990)
Procedures relating to the Private Industrial Enterprise Law (1991)
The Tariff Law (1992)
Myanmar Hotels and Tourism Law (1993)
The Myanmar Insurance Law (1993)
The Science and Technology Development Law (1994)
The Protection of Wild Life and Wild Plants and Conservation of Natural Areas Law (1994)
The Myanmar Mines Law (1994)
Myanmar Citizens Investment Law (1994)
Procedures relating to the Myanmar Citizens Investment Law (1994)
Myanmar Pearl Law (1995)
Myanmar Gems Law (1995)
The Insurance Business Law (1996) |
1992 Bases Conversion and Development Act (RA 7227)
Provides for incentives to enterprises located within Subic Bay Freeport Zone
1995 Special Economic Zone Act
Provides for incentives to enterprises located within Special Economic Zone.
1994 Export Development Act (RA 7844)
Provides for Incentives to enterprises in export business.
Investor's Lease Act (RA 7652)
Allows Qualifying Foreign investors to lease private lands for an initial period of up to 50 years renewable for up to 25 additional years.
1994 Foreign Banks Act (RA 7721)
Liberalized the entry and scope of operations of foreign banks in the country.
1994 Amendment to the Build-Operate-Transfer Law (RA 7718)
Allows variations of schemes, eases restrictions on government financing and the setting of tolls and charges, and increases the opportunity for wholly foreign-owned corporations to undertake a project.
RA 7888
Allows the President of the Philippines to suspend the nationality requirement under the Omnibus Investment Code in the case of equity investments by multilateral financial institutions such as the International Finance Corporation and the Asian Development Bank.
1992 Central Bank Circulars
Liberalize Foreign Exchange regulations.
1990 Republic Act 6957 as amended
Regulates the financing, construction, operation and maintenance of infrastructure projects by the private sector.
1997 Tax Reform Act (RA 8424)
Provides for revised tax schedules and other amendments to the National Internal Revenue Code, as amended |
1968 Employment Act and 1966 Industrial Relation Act
Regulates employment and labor relations. |
1972 Alien Business Law
Sets categories of activities where foreign equity participation is limited.
(The Alien Business Law is being revised) |
Law on export and import duties
Law on Value Added Tax
Labour Law
Trade Law
Other laws and regulations |
4. Minimum Investment Level |
| No minimum investment level requirement. |
No minimum investment level requirement. |
There is no official minimum investment level. A foreign investor must have at least 30% equity interest in the foreign investment project. |
No minimum investment level requirement. |
US$ 500,000 for manufacturing
US$ 300,000 for services |
Small and medium-sized domestic market enterprises with paid-in equity capital less than the equivalent of US$ 200,000 are reserved to Philippine nationals; provided that if (1) they involve advanced technology or (2) they employ at least 50 direct employees, then a minimum paid-in equity capital of US$ 100,000 shall be allowed to non-Philippine nationals. |
No minimum investment level requirement. |
Under the Board of Investment's criteria for promotion, a minimum required capital one million baht (excluding cost of land and working capital) is required. |
No restrictions. |
