Is substantial capitalization legally required to acquire a valid license to recruit workers?
Commercial recruitment agencies routinely handle incredibly serious financial and deep legal responsibilities. Therefore, they must irrefutably prove their total financial stability before legally operating. All commercial applicants for authority to legally hire or actively renew a recruitment license are strictly required to possess substantial capitalization. This strict financial prerequisite is strongly set forth in Article 28 Labor Code of the Philippines. “ART. 28. Capitalization. – All applicants for authority to hire or renewal of license to recruit are required to have such substantial capitalization as determined by the Secretary of Labor.” 30-May-26About Nicolas and De Vega Law Offices
Nicolas and De Vega Law Offices is a full-service law firm in the Philippines. You may visit us at the 16th Flr., Suite 1607 AIC Burgundy Empire Tower, ADB Ave., Ortigas Center, 1605 Pasig City, Metro Manila, Philippines. You may also call us at +632 84706126, +632 84706130, +632 84016392 or e-mail us at [email protected]. Visit our website https://ndvlaw.com/.
