National Economic and Development Authority(NEDA)

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Date: April 27, 2022, 2:18 p.m.

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Date: 2022-05-04 11:58:03.000000

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Legal Inquiry regarding Corporate Practice of Real Estate Service in view of 11th FINL

Published by National Economic and Development Authority(NEDA) on April 27, 2022.
Requested from NEDA by J. Guinanao at 02:18 PM on April 27, 2022.
Purpose: Research and development
Date of Coverage: 04/25/2020 - 04/25/2022
Tracking no: #NEDA-808420998403

T.TAN April 27, 2022, 2:18 p.m.

HI! In view of the amendments to the foreign negative list, I just want to ask regarding if foreign corporations can engage in the business of real estate practice but hiring licensed real estate brokers here in the Philippines?

N.RECEIVING OFFICER May 4, 2022, 11:58 a.m.

May 4, 2022 Dear Trishia Tan, Greetings! Thank you for your request dated Apr 27, 2022 02:18:07 PM under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch. Your Request You asked for Legal Inquiry regarding Corporate Practice of Real Estate Service in view of 11th FINL. Response to Request Your FOI request is approved. Please see attached file containing the reply on your query/ies. Your right to request a review If you are unhappy with this response to your FOI request, you may ask us to carry out an internal review of the response by writing to [email protected] or [email protected]. Your review request should explain why you are dissatisfied with this response, and should be made within 15 calendar days from the date when you received this letter. We will complete the review and tell you the result within 30 calendar days from the date when we receive your review request. If you are not satisfied with the result of the review, you then have the right to appeal to the Office of the President under Administrative Order No. 22 (s. 2011). Thank you. Respectfully, NEDA FOI Receiving Officer

Attachments:

050422_NEDA FOI inquiry on the 11th RFINL_RESA_id_tsis_rev2.pdf - NEDA FOI Receiving Officer - [email protected]

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