MALACAÑANG DONE in the City of Manila, this 8th day of k) Interior Design 14.

y of k) Interior Design 14. Contracts for the construction and repair of Up to Sixty Percent (60%) Foreign Equity said agency, is exported. Provided further
Manila December in the year of our Lord, Two Thousand l) Landscape Architecture locally-funded public works (Sec. 1 of CA that the extent of foreign equity ownership
and Six. m) Law 541, LOI 630) except: 27. Financing companies regulated by the allowed shall be specified in the said
EXECUTIVE ORDER NO. 584 n) Librarianship a) infrastructure/development projects Securities and Exchange authority/clearance (RA 7042 as amended
(Sgd) GLORIA MACAPAGAL ARROYO o) Marine Deck Officers covered in RA 7718; and Commission (Sec. 6 of RA 5980 as by RA 8179)
PROMULGATING THE p) Marine Engine Officers b) projects which are foreign funded or amended by RA 8556)6
SEVENTH REGULAR FOREIGN By the President: q) Master Plumbing assisted and required to undergo 28. Investment houses regulated by the SEC
INVESTMENT NEGATIVE LIST r) Sugar Technology international competitive bidding (Sec. 5 of PD 129 as amended by RA 2. Manufacture, repair, storage and/or
(Sgd) EDUARDO R. ERMITA s) Social Work (Sec. 2a of RA 7718) 8366)6 distribution of products requiring
WHEREAS, Republic Act (RA) No. 7042, Executive Secretary t) Teaching 15. Contracts for the construction of defense- Department of National Defense (DND)
otherwise known as the Foreign Investments u) Agriculture related structures (Sec. 1 of CA 541) clearance:
Act of 1991, as amended by RA 8179, provides “ANNEX A” v) Fisheries LIST B: FOREIGN OWNERSHIP IS LIMITED a) Guns and ammunition for warfare
for the formulation of a Regular Foreign (Art. XII, Sec. 14 of the Constitution; Sec. 1 of RA Up to Thirty Percent (30%) Foreign Equity FOR REASONS OF SECURITY, DEFENSE, b) Military ordnance and parts thereof
Investment Negative List covering investment LIST A: FOREIGN OWNERSHIP IS LIMITED BY 5181) RISK TO HEALTH AND MORALS AND (e.g., torpedoes, depth charges,
areas/activities which may be opened to MANDATE OF THE CONSTITUTION AND 3. Retail trade enterprises with paid-up capital 16. Advertising (Art. XVI, Sec. 11 of the PROTECTION OF SMALL- AND MEDIUM- bombs, grenades, missiles)
foreign investors and/or reserved to Filipino SPECIFIC LAWS of less than US$2,500,000(Sec. 5 of RA Constitution) SCALE ENTERPRISES c) Gunnery, bombing and fire control
nationals; 8762)2 systems and components
No Foreign Equity 4. Cooperatives (Ch. III, Art. 26 of RA 6938) Up to Forty Percent (40%) Foreign Equity Up to Forty Percent (40 %) Foreign Equity d) Guided missiles/missile systems and
WHEREAS, the Regular Foreign Investment 5. Private Security Agencies (Sec. 4 of RA components
Negative List, consisting of Lists A and B, is 1. Mass Media except recording (Art. XVI, 5487) 17. Exploration, development and utilization of 1. Manufacture, repair, storage, and/or e) Tactical aircraft (fixed and rotary-
effective for two (2) years pursuant to Section 8 Sec. 11 of the Constitution; Presidential 6. Small-scale Mining (Sec. 3 of RA 7076) natural resources (Art. XII, Sec. 2 of the distribution of products and/or ingredients winged), parts and components
of RA 7042 (as amended) and its revised Memorandum dated 04 May 1994) 7. Utilization of Marine Resources in Constitution)4 requiring Philippine National Police (PNP) thereof
Implementing Rules and Regulations; 2. Practice of all professions1 archipelagic waters, territorial sea, and 18. Ownership of private lands (Art. XII, Sec. 7 clearance: f) Space vehicles and component
a) Engineering exclusive economic zone as well as small- of the Constitution; Ch. 5, Sec. 22 of CA a) Firearms (handguns to shotguns), systems
WHEREAS, there is a need to formulate a i. Aeronautical scale utilization of natural resources in 141; Sec. 4 of RA 9182) parts of firearms and ammunition g) Combat vessels (air, land and naval)
Seventh Regular Foreign Investment Negative ii. Agricultural rivers, lakes, bays, and lagoons (Art. XII, 19. Operation and management of public therefor, instruments or implements and auxiliaries
List in view of the expiration of the existing list iii. Chemical Sec. 2 of the Constitution) utilities (Art. XII, Sec. 11 of the used or intended to be used in the h) Weapons repair and maintenance
on January 6, 2007; iv. Civil 8. Ownership, operation and management of Constitution; Sec. 16 of CA 146) manufacture of firearms equipment
v. Electrical cockpits (Sec. 5 of PD 449) 20. Ownership/establishment and b) Gunpowder i) Military communications equipment
NOW, THEREFORE, I, GLORIA vi. Electronics and 9. Manufacture, repair, stockpiling and/or administration of educational institutions c) Dynamite j) Night vision equipment
MACAPAGAL ARROYO, President of the Communication distribution of nuclear weapons (Art. II, (Art. XIV, Sec. 4 of the Constitution) d) Blasting supplies k) Stimulated coherent radiation
Republic of the Philippines, by virtue of the vii. Geodetic Sec. 8 of the Constitution)3 21. Culture, production, milling, processing, e) Ingredients used in making devices, components and
powers vested in me by Law, do hereby order: viii. Mechanical 10. Manufacture, repair, stockpiling and/or trading excepting retailing, of rice and corn explosives: accessories
ix. Metallurgical distribution of biological, chemical and and acquiring, by barter, purchase or i. Chlorates of potassium and l) Armament training devices
SECTION 1. Only the investment areas and/or x. Mining radiological weapons and anti-personnel otherwise, rice and corn and the by- sodium m) Other as may be determined by the
activities listed in Annex A hereof shall be xi. Naval Architecture and mines (Various treaties to which the products thereof (Sec. 5 of PD 194;Sec. 15 ii. Nitrates of ammonium, Secretary of the DND
reserved to Philippine nationals, and hereafter Marine Philippines is a signatory and conventions of RA 8762) 5 potassium, sodium, However, the manufacture or repair of
shall be referred to as the Seventh Regular xii. Sanitary supported by the Philippines)3 22. Contracts for the supply of materials, barium, copper (11), these items may be authorized by the
Foreign Investment Negative List. The extent b) Medicine and Allied Professions 11. Manufacture of firecrackers and other goods and commodities to government- lead (11), calcium and Secretary of the DND to non-Philippine
of foreign equity in these areas shall be limited i. Medicine pyrotechnic devices (Sec. 5 of RA 7183) owned or controlled corporation, cuprite nationals; Provided that a substantial
to the percentages indicated in the List. ii. Medical Technology company, agency or municipal iii. Nitric acid percentage of output, as determined by the
iii. Dentistry Up to Twenty Percent (20%) Foreign Equity corporation (Sec. 1 of RA 5183) iv. Nitrocellulose said agency, is exported. Provided further
SECTION 2. Any amendment to List A may be iv. Midwifery 23. Project Proponent and Facility Operator v. Perchlorates of ammonium, that the extent of foreign equity ownership
made at any time to reflect changes instituted v. Nursing 12. Private radio communications network (RA of a BOT project requiring a public utilities potassium and sodium allowed shall be specified in the said
in specific laws while amendments to List B vi. Nutrition and Dietetics 3846) franchise (Art. XII, Sec. 11 of the vi. Dinitrocellulose authority/clearance (RA 7042 as amended
shall not be made more often than once every vii. Optometry Constitution; Sec. 2a of RA 7718) vii. Glycerol by RA 8179)
two years, pursuant to Section 8 of RA 7042 viii. Pharmacy Up to Twenty-Five Percent (25%) Foreign 24. Operation of deep sea commercial fishing viii. Amorphous phosphorus 3. Manufacture and distribution of dangerous
(as amended) and its revised Implementing ix. Physical and Occupational Equity vessels (Sec. 27 of RA 8550) ix. Hydrogen peroxide drugs
Rules and Regulations. Therapy 25. Adjustment Companies (Sec. 323 of PD x. Strontium nitrate powder 4. Sauna and steam bathhouses, massage
x. Radiologic and X-ray 13. Private recruitment, whether for local or 612 as amended by PD 1814) xi. Toluene clinics and other like activities regulated by
SECTION 3. All orders, issuances, rules and Technology overseas employment (Art. 27 of PD 442) 26. Ownership of condominium units where f) Telescopic sights, sniper scope and law because of risks posed to public health
regulations or parts thereof, which are xi. Veterinary Medicine the common areas in the condominium other similar devices and morals
inconsistent with this Order are hereby c) Accountancy project are co-owned by the owners of the However, the manufacture or repair of 5. All forms of gambling, e.g. race track
revoked or modified accordingly. d) Architecture separate units or owned by a corporation these items may be authorized by the operation
2 Full foreign participation is allowed for retail trade (Sec. 5 of RA 4726) Chief of the PNP to non-Philippine 6. Domestic market enterprises with paid-in
e) Criminology enterprises: (a) with paid-up capital of US$2,500,000
SECTION 4. This Executive Order shall take f) Chemistry nationals; Provided that a substantial equity capital of less than the equivalent of
or more provided that investments for establishing a
effect upon the expiration of the Sixth Foreign g) Customs Brokerage percentage of output, as determined by the US$200,000
store is not less than US$830,000; or (b) specializing 4 Full foreign participation is allowed through financial
Investment negative List on January 6, 2007 h) Environmental Planning in high end or luxury products, provided that the paid-
7. Domestic market enterprises which involve
following its publication in a national or technical assistance agreement with the President advanced technology or employ at least
i) Forestry up capital per store is not less than US$250,000
newspaper of general circulation. (Art. XII, Sec. 2 of the Constitution) 6 No foreign national may be allowed to own stock in fifty (50) direct employees with paid-in-
j) Geology (Sec. 5 of RA 8762) 5 Full foreign participation is allowed provided that financing companies or investment houses unless
3 Domestic investments are also prohibited (Art. II, equity capital of less than the equivalent of
within the 30-year period from start of operation, the the country of which he is a national accords the US$100,000
Sec. 8 of the Constitution; Conventions/Treaties to foreign investor shall divest a minimum of 60 percent same reciprocal rights to Filipinos (Sec. 6 of RA 5980
1 This is limited to Filipino citizens save in cases which the Philippines is a signatory) of their equity to Filipino citizens (Sec. 5 of PD 194; as amended by RA 8556; PD 129 as amended by RA
prescribed by law NFA Council Resolution No. 193 s. 1998) 8366)
(RA 7042 as amended by RA 8179)