The rapidly developing production of processed foods and drinks in the Philippines represents a strong opportunity for foreign investors. In 2016, the gross-added output of this industry increased with 10% compared to the previous year, to USD 28.9 billion. Around 90% of the output in the sector is consumed by the local market. In…
The Philippines tourism industry is made up of several branches among which the latest development is related to the meetings, incentives, conventions and exhibitions sector, shortly known as MICE, or the events management sector. Those interested in opening event management companies in the Philippines are not subject to any special requirements related to the registration process of…
Opening a company in the Philippines implies several steps. From choosing the business form to having the incorporation documents drafted and filed with the Trade Registrar, there are various requirements to comply with. One of the most important is appointing the managers or directors of the future Philippines company. Forming the company management must be done…
Foreign companies entering the Philippines market have several choices in terms of the business form for setting up their operations. Even if the most employed type of structure is the branch office, as it offers full control to the parent company, there is also the subsidiary which can adapt its activities…
Foreign investors seeking for one of the best Filipino industries to set up a business have several choices. There are the industries which require a significant and less pocket-friendly ones, but there are also sectors such as retail where one can establish a company without too much money. Those who want to open…
One of the most advantageous regimes of setting up a business in any country in the world is the holding company regime. Even if the term usually refers to a special taxation system applied to these companies, there also countries where foreign enterprisers can set up holding companies without benefiting from the tax…
The company registration procedure of a Filipino company implies several steps. If the first step is related to choosing the type of structure, the second most important one is choosing a company or a trade name for the business. The Company Law in the Philippines is very strict when it comes to the choosing, reserving and registering a…
There are several types of companies foreign investors can use to start doing business in the Philippines. From the sole proprietorship which is the simplest structure covered by the Philippines Company Law to the stock corporation which is the most popular business form employed by foreign enterprisers who come to start companies in this country.…
Foreign enterprisers interested in starting a business in an Asian country usually on the legislation favoring foreign investments which grants various tax exemptions, however the regular taxation system is also important. This is also the case of the Philippines which has an attractive taxation system doubled by the types of companies which can be set up by overseas entrepreneurs.…
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…
