foreigners to practice their professions in the Philippines and foreign companies with as little as $100,000 in paid-up capital to operate in the country.
Marcos said the DTI “promised to submit a policy, a policy paper, a position paper,” but there was none on Monday. She said the Senate is trying to double its efforts on the proposed amendments because the House had already passed these. “We haven’t,” she said.House OKs bill allowing more foreigners to practice profession in PH
The amendments would also lower the required number of employees for a foreign enterprise to qualify as small and medium scale from 50 to 15 and minimum paid up capital of foreign firms entering this business category to $100,000. After the hearing, Marcos told reporters that notices for the hearing had been sent to government agencies three weeks ahead.Representatives from the National Economic and Development Authority were also absent.