Both foreign individuals and companies are allowed to set up companies, respectively operations in the Philippines. While the corporation is the most suitable business form used by foreign citizens, overseas companies have several other types of structures available. Among these, the branch and the representative offices are the most common in the Philippines. A branch is an…
The Philippines has become one of the most appealing destinations for foreign investors interested in setting up businesses in Southeast Asia. Even if most people consider tourism is the main engine of the Philippines’ economy, there are regions in the country in which other industries are just as developed as tourism. Foreign entrepreneurs who want to open companies…
Foreign citizens who intend to work in this country must obtain a permanent resident permit in the Philippines in order to do so. As follows, our company formation consultants in the Philippines present a few key aspects related to obtaining this type of permit here. Conditions for obtaining the permanent resident visa in the…
One of the most important requirements when starting a business in the Philippines related to the share capital of the company. The Filipino Company Act contain specific provisions related to the amount of money which must be deposited by the shareholders in a bank account upon the registration of a company with the authorities. However, there…
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…
Company liquidation in the Philippines can happen if investors decide to close their business due to various reasons, such as financial difficulties. There are two main ways in which a Filipino company can be liquidated: the voluntary and the involuntary one. There is also the company liquidation procedure by shortening the corporate term.…
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…
In 2017, the Philippines was the 10th fastest growing economy in the world, which is a great result for such a small country in Southeast Asia. Moreover, the Philippines is also the 3rd fastest growing economy in the ASEAN community and one of the richest countries in terms of Gross Domestic Product (GDP) per capita…
