Business Incorporation
If not done correctly from the outset, registering a business in the Philippines can be a complicated and tedious process. That is why it is important for foreign companies to be 100% compliant from the very beginning, and to familiarize themselves with the procedures in setting up and registering a business in the Philippines. In order to successfully incorporate a business in the Philippines, a number of things must first be taken into consideration. The appropriate investment vehicle must be chosen, whether it is a fully-foreign owned branch office, a fully-foreign owned domestic corporation, a fully-foreign owned representative office, or a 60/40 subsidiary, and the business must be registered with the relevant government agencies, including the Philippines Securities and Exchange Commission (SEC), the Department of Trade and Industry (DTI), the Bureau of Internal Revenue (BIR), as well as with investment bodies like PEZA and BOI.
by: Austin Shi In starting and incorporating a new business in the Philippines, a foreign company faces a number of…
Subic Bay, Philippines is bordered on the east by Zambales mountains and the South China Sea on the west. A…
Fueled by advancements in computer technology, the Online Gaming industry has become one of the biggest moneymakers in the Philippines today. As responsible online gaming becomes an accepted form of recreation or diversion for a number of Filipinos, the annual profits of online casinos, bingo, and sports-betting companies keep increasing at a tremendous rate. PhilWeb, one of the largest online gaming companies in the Philippines today, posted a profit increase of 52% in the first quarter of 2010 alone.
Foreign companies starting or doing business in the Philippines must register their company with various government agencies including the SEC, BIR, SSS, Phil-health, Pag-ibig and obtain clearance from local governments .