Contrary to popular belief, it is actually easy to legally do business in the Philippines. The Philippine government has taken great strides to ensure ease of doing business in the country. You must first remember that in order to do business in the Philippines, you must choose the business vehicle that you wish to utilize. […]
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How to Get a Special Investor’s Resident Visa (SIRV) The Special Investor’s Resident Visa (SIRV) is a visa issued by the Bureau of Immigration through the Board of Investments (“BOI”) pursuant to the provisions of the Omnibus Investments Code of 1987. The SIRV is a special non-immigrant visa that entitles the holder to reside in
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What is illegal recruitment? Republic Act No. 10022, otherwise known as the Migrant Workers Act” defines illegal recruitment as any act of canvassing, enlisting, contracting, transporting, utilizing, hiring, or procuring workers and includes referring, contract services, promising or advertising for employment abroad, whether for profit or not, when undertaken by non-licensee or non-holder of authority.
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A Representative or liaison office deals directly, with the clients of the foreign parent company but does NOT derive income from the Philippines and is fully subsidized by its foreign head office. It undertakes activities such as but not limited to information dissemination and promotion of the company’s products as well as quality control of
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A Branch office of a foreign company carries out the business activities of the foreign head office and derives income from the Philippines. It has NO separate legal personality since it is merely an extension of the foreign head office. The minimum inward remittance for a branch office is Two Hundred Thousand United States Dollars
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Should you wish to incorporate a Philippine subsidiary, you need to file an application with the Securities & Exchange Commission. It must be noted that a subsidiary has a distinct and separate personality from its parent company. In forming a subsidiary, it must be borne in mind that the Corporate Secretary and Corporate Treasurer must
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Being the subject of unfair criticism and gossip are matters which adversely affect persons from all walks of life. At one point, we have encountered situations wherein we have been victimized by insulting and defamatory remarks. Oftentimes, we ignore such hurtful and unfounded insinuations. However, when things get out of hand and our reputation is
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IMPORTANT: This article is relevant only to those who died before 01 January 2018 since Republic Act No. 10963, otherwise known as the Tax Reform for Acceleration and Inclusion Law (TRAIN Law), amended the Tax Code, including the procedure, tax rates and deductions for estate taxes. The TRAIN Law became effective on 01 January 2018.
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Before commencing your business in the Philippines, you need to secure a Business permit or Mayor’s permit, as it is commonly called, from your local government where your business is located. Here are some notes on business permits: • Business permits expire on the 31st of December unless the permits are issued on a quarterly
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Trademark applications are filed with the Philippine Intellectual Property Office (IPO). Filipinos or Filipino corporations may directly file their applications with the IPO. However, foreigners or foreign corporations have to appoint a local agent or representative in order to file applications with the IPO. Applying for a trademark is not like getting a business permit
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