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REQUEST
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Date: Feb. 27, 2023, 9:16 p.m.

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Date: 2023-02-28 08:43:13.000000

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Date: 2023-03-21 17:53:40.000000

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Minimum capitalization for buy and sell of cars of 60% filipino-40% foreign domestic corporation

Published by Securities and Exchange Commission(SEC) on Feb. 27, 2023.
Requested from SEC by D. Concepcion at 09:16 PM on Feb. 27, 2023.
Purpose: Research
Date of Coverage: 01/01/2023 - 02/27/2023
Tracking no: #SEC-904771274790

J.LUNAR Feb. 27, 2023, 9:16 p.m.

Hi, I would like to know about the minimum capitalization for buy and sell of cars of 60% filipino and 40% foreign owned domestic corporation. Thank you

I.GONZALES Feb. 28, 2023, 8:43 a.m.

February 28, 2023 Dear Jonathan, Thank you for your request dated Feb 27, 2023 under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch, for Minimum capitalization for buy and sell of cars of 60% filipino-40% foreign domestic corporation. We received your request on Feb 27, 2023 and will respond on or before Mar 20, 2023 09:16:36 PM, in accordance with the Executive Order's implementing rules and regulations. Should you have any questions regarding your request, kindly contact me using the reply function on the eFOI portal at https://foi.gov.ph/requests/aglzfmVmb2ktcGhyHQsSB0NvbnRlbnQiEFNFQy05MDQ3NzEyNzQ3OTAM, for request with ticket number #SEC-904771274790. Thank you. Respectfully, Isma Gonzales FOI Officer

A.DEL ROSARIO March 21, 2023, 5:53 p.m.

March 21, 2023 Dear Jonathan Lunar, Greetings! Please be informed that there is no minimum requirement for a corporation whose business activity is to engage in the buying and selling of cars with 60% filipino-40% foreign domestic corporation. You may also refer to the Foreign Investment Act Negative List. Respectfully, Office of the Director FOI Receiving Officer

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