With digital nomads and foreign investors increasingly choosing the Philippines as a temporary home, understanding the process of opening a bank account in the country has become crucial. To open a bank account in Philippines involves some documentation, and the decision should be guided appropriately. Furthermore, starting a business in a foreign country…
The Philippines government welcomes foreign investors who open companies here through various incentives. While some of them refer to special economic zones or special laws related to foreign direct investments, others relate to tax deductions or exemptions. However, all incomes generated by individuals and Philippines companies are subject to taxation. One of the most important taxes imposed…
Foreign companies seeking to do business in the Philippines have several choices in terms of business structures which can they can use. Among these, the preferred ones are the subsidiary company and the branch office. The choice will usually depend on the activities the parent company wants to undertake in the Philippines. Our company formation agents…
Foreign investors who want to do business in the Philippines have several choices in terms of structures which can be used to setting up their companies. From simple sole proprietorships to joint stock companies which are the equivalent of limited liability companies in other countries. However, the Philippines company registration process is not as simple, which is…
The Philippines is mainly known as a touristic destination, however there also reasons for which foreign citizens come here. One of these reasons is to invest in the Philippines. The small insular state’s economy is going through a serious restructuration which establishes a higher degree of confidence coming from foreign investors. Below we…
Foreign investors are invited to open companies in the Philippines through various incentives and programs launched by the government. Even if many of them decide to have their registered addresses here, some of them decide to enter into joint ventures so after finishing the projects, these companies must end their activities here.…
The company formation process in Philippines must be completed under the requirements of the Corporation Code, which provides for the documents to be prepared and the share capital to be deposited upon registration. The same law provides for the authority which must process these documents, and which will issue the certificate of incorporation…
Foreign citizens who want to open a company in the Philippines in 2024 have several options in terms of the structures they can choose, according to the Commercial Code here. While most of them are used to the limited liability company, it should be noted that this business form does not exist here.…
Opening a company in the Philippines comes with several hassles. From choosing the right location to registering the business and obtaining the necessary licenses to be able to operate, a foreign investor must do his homework before coming to the Philippines. However, as the world around us develops at a quite…
Foreign investors interested in starting a business in the Philippines must comply with the regulations imposed by the Corporation Code, by the Civil Code and by the Foreign Laws Act. According to these laws, the following types of companies can be registered in the Philippines: the sole proprietorship and the…
