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45 articles found in Philippines
Strict Fiduciary Standards: Foreign directors of Philippine corporations are bound by the same strict duties of obedience, diligence, and loyalty as local directors under the Revised Corporation Code. Personal Liability...
Arbitration is the safest route: For foreign companies in the Philippines, resolving disputes through international or domestic commercial arbitration avoids the notorious backlogs of the local court system. Strong legal...
A foreign divorce is not automatically recognized in the Philippines; it requires a court process called a Petition for Judicial Recognition of Foreign Judgment. Article 26 of the Family Code...
If you are planning to expand your business to the Philippines, you must make a foundational decision: do you register an SEC Branch Office or a Representative Office? This choice...
100% Foreign Ownership: International investors can now legally own 100% of solar, wind, hydro, and ocean energy projects in the Philippines, bypassing previous 40% equity caps. Mandatory Registrations: Forming a...
How to Claim a Foreign Inheritance in the Philippines Claiming an inheritance across borders is a complex legal task, particularly due to the Philippines' strict property laws and bureaucratic procedures....
Philippine family law is mainly governed by the Family Code and generally does not allow divorce for non-Muslim couples, so spouses usually file for declaration of nullity, annulment, or legal...
Board of Directors Liability for Foreign Subsidiaries in the Philippines: Executive Checklist Accepting a board seat on a Philippine subsidiary is never a mere paper appointment. Under local law, directors...
Drafting Joint Venture Agreements in the Philippines - FAQ Entering the Philippine market through a commercial joint venture (JV) is a proven strategy for foreign investors to leverage local market...
Choosing between PEZA and BOI depends on your location strategy; PEZA requires operating within designated ecozones, while BOI allows for more geographical flexibility. Export-oriented IT-BPM firms (exporting 60% or more...
Always verify the title with the Registry of Deeds and check for liens, disputes, and unpaid taxes before paying any substantial amount. Foreigners generally cannot own land in the Philippines...
Determine Ownership Limits: Always consult the Foreign Investment Negative List (FINL) first to verify if your target industry permits 100% foreign ownership. Capital Requirements: Domestic market enterprises generally require a...
Victims of medical negligence in the Philippines generally have four years from the date of the incident or discovery to file a civil lawsuit for damages. You must prove four...
Setting Up a Foreign-Owned Corporation in the Philippines: Capital, Officers & the Resident Agent Key Takeaways Foreigners can own and run a Philippine company. What trips them up is the...
Legal Guide to Last Wills and Testaments in the Philippines A last will and testament is a legal document that dictates how your assets will be distributed after your death,...
The Philippine e-commerce market is growing fast, but foreign sellers and online platforms often struggle with the country's strict customs and tax rules. To avoid shipping delays and heavy fines,...
Strict Officer Roles: The Revised Corporation Code of the Philippines dictates that key officers, such as the Corporate Secretary and Treasurer, must meet specific residency and citizenship requirements. Preserving Incentives:...
Drafting Enforceable BPO Vendor Contracts in the Philippines Drafting a Business Process Outsourcing (BPO) contract in the Philippines requires balancing operational needs with strict local data privacy and labor laws....
Setting Up a Corporate Entity in the Philippines: Subsidiary vs Branch Office Cost Comparison Key Takeaways Choosing the right corporate structure in the Philippines dictates your tax liabilities, compliance, and...
Philippine Corporate Registration Checklist for Foreign Investors Identify Equity Restrictions First: Foreign ownership limits are dictated by the Foreign Investment Negative List (FINL). Review this before structuring your capital or...