Foreign Investment Promotion Act (FIPA)

The Foreign Investment Promotion Act (FIPA) is Philippine legislation designed to attract and encourage foreign investments by offering incentives, streamlined procedures, and protections. It aims to make the country more attractive to international investors by providing benefits such as tax incentives, ease of doing business, and safeguards against unfair treatment. FIPA balances promoting foreign participation in the economy while ensuring national development goals. It helps create jobs, increase infrastructure, and boost economic growth through a more inviting environment for foreign businesses and investors.