In order to obtain citizenship in the Philippines, a foreign national has to complete the naturalization process, which is based on a minimum residence requirement, as well as other conditions. Our team assists not only those who are interested in company formation in Philippines but also those foreign nationals who…
VAT registration in Philippines in 2023 takes place once the business exceeds a certain threshold or any company that imports goods. The Philippines VAT rate varies according to the types of goods or services and has a standard rate and a reduced rate, the zero rate. Local and foreign companies…
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 is a country where both small and large businesses can thrive. Those with professional qualifications can open small businesses for offering various services, such as plumbing, air conditioning repair and so on. Opening a plumbing business in the Philippines is not complicated and does not imply applying for any special permit or license for completing such activity, however,…
The Philippines is one of the most competitive economies in Southeast Asia and thanks to the legislation related to foreign direct investments enabled by the government, this country has become very appealing to foreign entrepreneurs. Small towns, as well as large cities in the Philippines, provide for numerous business opportunities and those who do not dispose…
The Philippines is one of the most important economies in Southeast Asia and relies on the trading industry. Operating in the import-export sector in the Philippines implies registering a business with the Trade Register and obtaining several licenses before starting any commercial activity. If you want to open a trading company in the Philippines, our local advisors can guide…
Opening a company in the Philippines implies several steps, however, in the case of online companies, additional requirements apply. One of these requisites is the creation of a merchant account. This type of account enables the company to process payments from its customers. There are various banks and payment institutions which allow the opening…
In the Philippines, you can become a shareholder by purchasing stock directly from a company, acquiring shares in a company from other stockholders or buying them directly from the stock market. In this article, our company formation advisors in the Philippines briefly explain what each of these methods of becoming a shareholder in the Philippinesimplies. Acquiring shares directly from a legal…
Foreign entrepreneurs who want to open companies in the Philippines have several niche economic sectors they can choose from. One of these sectors is the consultancy industry which is highly regulated in the Philippines. During the last several years, the government together with several agencies have worked in order to create a suitable environment which…
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…
