The Regulation establishes the legal framework allowing foreign investors to lease private land for long-term use in industrial, commercial, tourism, and other priority economic activities, subject to specific conditions and approvals . The rules define key terms, outline eligibility and application procedures, and specify limits on lease duration, land use, and investment requirements. It also regulates the transfer of lease rights, fees, and administrative processes involving agencies and economic zone authorities. Finally, the document provides grounds for termination, penalties for violations, and enforcement provisions to ensure compliance with the law.
Filipinas · 1994-12-27