Congress and the executive branch have agreed in principle to lower the minimum paid up capital for foreign retailers to $300,000 and the minimum per store investment of $300,000 saying this would be attractive enough for foreign investors while protecting small Filipino retailers.
There have been various pending bills proposing to lower these threshold capital requirements to $200,000 and $150,000. Local retailers are also challenged in balancing the production of high-quality goods and competitive pricing.Nevertheless, she said that the amendments to the investment threshold will encourage production of high quality products at a competitive price
The BOI is of the opinion that the retail ecommerce platform operator could be covered by another legislation.