PD 705 Section 59

Citizenship.

Section 59

SEC. 59. Citizenship.—In the evaluation of applications of corporations, increased Filipino equity and participation beyond the 60% constitutional limitation shall be encouraged. All other factors being equal, the applicant with more Filipino equity and participation shall be preferred.

Read the full instrument → · Open the chapter this section belongs to: CHAPTER III—UTILIZATION AND MANAGEMENT →

Other provisions in CHAPTER III—UTILIZATION AND MANAGEMENT

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026

CitationPD 705 Section 59 (LawPlayer, data as of July 4, 2026)

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

Continue your research

PD 705, full textChapter navigation and full text, so you can read this section in contextPhilippines legislation Philippine Laws by type and yearGrouped by instrument type and year of enactment, so you can find others of the same kindBrowse by type and year CHAPTER III—UTILIZATION AND MANAGEMENT — read this in contextThe surrounding text of the act in order, so you can see what comes before and afterChapters and sections