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Investors' Lease Act (R.A. No. 7652)

AN ACT ALLOWING THE LONG-TERM LEASE OF PRIVATE LANDS BY FOREIGN INVESTORS

Republic Act No. 7652 | 1993-06-04

Section 1. Title. — This Act shall be known as the "Investors' Lease Act."

Sec. 2. Declaration of Policy. — It is hereby declared the policy of the State to encourage foreign investments consistent with the constitutional mandate to conserve and develop our own patrimony. Towards this end, the State hereby adopts a flexible and dynamic policy of the granting of long-term lease on private lands to foreign investors for the establishment of industrial estates, factories, assembly or processing plants, agro-industrial enterprises, land development for industrial, or commercial use, tourism, and other similar priority...