Learn the resident agent requirement for foreign corporations in the Philippines, including service of summons rules, liabilities, and compliance steps.
Why Foreign Branches Need a Local Representative in the Philippines Read More »
Non?resident applicants must appoint a Philippine resident agent for service of notices and processes.
What critical information regarding legal service must a foreign corporation disclose in its license application? The application for a license must specifically set forth the name and address of its resident agent authorized to accept summons and process in all legal proceedings (SEC. 142, Revised Corporation Code of the Philippines). This designation is mandatory, ensuring
Who is qualified to be appointed as a resident agent for a foreign corporation? A resident agent may be either an individual residing in the Philippines or a domestic corporation lawfully transacting business in the Philippines (SEC. 144, Revised Corporation Code of the Philippines). An individual designated as a resident agent must meet personal standards,
Who is qualified to be appointed as a resident agent for a foreign corporation? Read More »
What are the grounds upon which the SEC may revoke or suspend the license of a foreign corporation? The SEC may revoke or suspend a foreign corporation’s license for several reasons, without prejudice to other special laws (SEC. 151, Revised Corporation Code of the Philippines). Grounds include failure to file its annual report or pay
