Section 2. Permitted Investments. —

1. Without need of prior authority anyone not a Philippine national as that term is defined in Section three of the Investment Incentives Act, and not otherwise disqualified by law, may invest:

   1. In any enterprise registered under the Investment Incentives Act, to the extent that the total investment of non-Philippine nationals therein would not affect its status as a registered enterprise under that law;

   2. In any enterprise not registered under the Investment Incentives Act, to the extent that the total investment of non-Philippine nationals therein shall not exceed thirty percent of the outstanding capital of that enterprise, unless existing law forbids any non-Philippine ownership in the enterprise or limits ownership by non-Philippine nationals to a percentage smaller than thirty per cent.

2. Within thirty days after notice of the investment received by it, the enterprise in which any investment is made by a non-Philippine national shall register the same with the Board of Investments for purposes of record. Investments made in the form of foreign exchange or other assets actually transferred to the Philippines shall also be registered with the Central Bank. The Board shall assess and appraise the value of such assets other than foreign exchange.