For most industries, Philippines has a cap at 40%, and for some industries, 100% of the company should be filipino except if you put more than $2M in capital (

For most industries, Philippines has a cap at 40%, and for some industries, 100% of the company should be filipino except if you put more than $2M in capital ( retail ) if I remember right. Apparently it is going to change with the new president, let's see.