Economic Recovery Package, 651: Difference between revisions
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→Article 4: Restriction & Regulation of Foreign Investment
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=== Article 4: Restriction & Regulation of Foreign Investment ===
:4.1 - The Foreign Investment Council (FIC) shall be created under the Ministry of Revenue & Treasury. It is the FIC's responsibility to:
<blockquote>4.1.1 - Create and review goals investors have to meet to be eligible for tax credits defined in Article 3.
4.1.2 - Review the eligibility of foreign investors who want to apply for tax credits according to the goals defined by the FIC.
4.1.3 - Organizing the tiers of restrictions on the amount of foreign investment in any company, sectors or industry in accordance with clause 4.2.</blockquote>
:4.2 - The organization of restrictions on foreign investment in specific sectors (sectors can mean anything from entire industries to specific companies) will be defined in these following tiers:
<blockquote>4.2.1 - Tier 1: Heavily restricted sectors. Sectors of the economy which are completely off limits to foreign investment (unless specified in specific treaties or bills).
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4.2.4 - Tier 4: Unregulated sectors. Sectors of the economy which have no regulation on the amount of foreign investment they can receive.</blockquote>
:4.3 - These specific sectors shall be defined in accordance with clause 4.2:
<blockquote>
4.3.1 - Tier 1: The defense industry and mining industry.
4.3.2 - Tier 2: The agriculture industry, rail infrastructure, port infrastructure, airport infrastructure, and the transportation industry
4.3.3 - Tier 3: The healthcare industry, energy industry, real estate industry, and news outlets.
4.3.4 - Tier 4: All sectors not previously defined in clause 4.3.</blockquote>
''Written and Proposed by Erich Crysler, MGA, Independent.''
__NOTOC__
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