Free Legal Advice Philippines

Disclaimer: This web site is designed for general information only and does not create attorney-client relationship. Persons accessing this site are encouraged to seek independent counsel for legal advice regarding their individual legal issues.

Log in

I forgot my password




You are not connected. Please login or register

Foreigner Starting A Business

View previous topic View next topic Go down  Message [Page 1 of 1]

1 Foreigner Starting A Business on Sat Jul 22, 2017 9:37 pm

noIDEA00


Arresto Menor
Is it allowed for foreigners (No Filipino spouse) to start a sole proprietorship business in the Philippines?

View user profile

2 Re: Foreigner Starting A Business on Thu Aug 03, 2017 12:02 pm

Capt Ragnar

avatar
Arresto Menor

View user profile

3 Re: Foreigner Starting A Business on Fri Aug 11, 2017 8:01 pm

Lunkan


Reclusion Perpetua
There are a few exceptions. Other have high demands so I tell only the easiest:
"Export business"
can be owned 100 % of by foreigners.*
To be counted as "export business" minimum 60% of the revenue has to be export.

*EXCEPT when the business own land. Then the owning for foreigner is max 40% still.

View user profile

4 Re: Foreigner Starting A Business on Sat Oct 21, 2017 9:24 am

arnoldventura


Prision Mayor
Are you hell bent on creating a single proprietorship in starting your business? You may consider forming a corporation instead. Though a single proprietorship may have its advantages, so too a corporation. Try reading this, I hope it gives more enlightenment. https://www.alburovillanueva.com/corporation-preferred-business-structure

View user profile

5 Re: Foreigner Starting A Business on Thu Nov 30, 2017 5:23 am

Lunkan


Reclusion Perpetua
arnoldventura wrote:Are you hell bent on creating a single proprietorship in starting your business? You may consider forming a corporation instead.
When it isn't "export business" then corporation can be the best option for foreigners
= Least bad Laughing

In corporations foreigners are
allowed to own max 40 %
and NOT allowed to be the top boss.

To foreigners, who want more, DON'T be fooled by LAWYERS, who make ILLEGAL "solutions" with dummies to get around the "Anti-Dummy" law!!! Shocked
Such "solutions" have no chance in court if the court follow the laws...

View user profile

6 Re: Foreigner Starting A Business on Fri Dec 29, 2017 5:47 am

773629456

avatar
Arresto Menor
I am a foreigner outside the Philippines. I want to partner with someone in the Philippines. I met her through the Internet. He invited me to go to the Philippines and offered me a 10% profit per month so I would invest a small 500,000 peso and he would give me a guarantee. How to make sure I protect myself from fraud. Also, I do not know the Philippines nor speak the language well

View user profile

Sponsored content


View previous topic View next topic Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum