Republic Act No. 7652 – Investors’ Lease Act

(1) “Investing in the Philippines” shall mean making an equity investment in the Philippines through
actual remittance of foreign exchange or transfer of assets, whether in the form of capital goods, patents,
formulas, or other technological rights or processes, upon registration with the Securities and Exchange
Commission; and

(2) “Withdrawal of approved investment” shall mean either: (a) the failure to operate the investment
project for any three (3) consecutive years; or (b) outright abandonment of the investment project at any
time during the approved lease period: Provided, That failure to pay lease rental for three (3) consecutive
months coupled with the failure to operate the investment project for the same period shall be deemed as
outright abandonment of the project.

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