Comments on: Foreign Ownership of Corporations in the Philippines http://www.bcphilippineslawyers.com/foreign-ownership-of-corporations-in-the-philippines/318/ Thu, 02 Feb 2012 10:47:51 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Dr.Amro http://www.bcphilippineslawyers.com/foreign-ownership-of-corporations-in-the-philippines/318/comment-page-3/#comment-3879 Dr.Amro Fri, 23 Dec 2011 21:31:33 +0000 http://www.bcphilippineslawyers.com/?p=318#comment-3879 hello.. my wife is a filipina and we would like to invest in a franchised fast food business. is it possible to own 30%, my wife 60% and other foreign partner 10% of this business.. Dr. Amro, foreigners may not own or be a partner in a retail business such as a fast food franchise. hello..

my wife is a filipina and we would like to invest in a franchised fast food business. is it possible to own 30%, my wife 60% and other foreign partner 10% of this business..

Dr. Amro, foreigners may not own or be a partner in a retail business such as a fast food franchise.

]]> By: Dr, Gilberto Dominguez http://www.bcphilippineslawyers.com/foreign-ownership-of-corporations-in-the-philippines/318/comment-page-3/#comment-3873 Dr, Gilberto Dominguez Wed, 21 Dec 2011 11:35:57 +0000 http://www.bcphilippineslawyers.com/?p=318#comment-3873 I would be happy to hire your firm. My immediate concern and questions have to do with the following. I plan to start a corporation in the Philippines with filipino citizens I know who are business people. We plan to set up a lending company in the form of a corporation. I want to set my self up as the only signer on the bank account and control the money of the corporation's activities. Our one main question now is since our corporation with have us as foriegn investors and stock holder will our corporation be able to lend money to retail businesses in the phils? We will not own any retail business but lend money to the retail businesses. Will this be possible and legal? Dr, Gilberto Dominguez, yes foreigners may be shareholders in a lending investor and you may lend to retail businesses. I would be happy to hire your firm. My immediate concern and questions have to do with the following.

I plan to start a corporation in the Philippines with filipino citizens I know who are business people.

We plan to set up a lending company in the form of a corporation. I want to set my self up as the only signer on the bank account and control the money of the corporation’s activities.

Our one main question now is since our corporation with have us as foriegn investors and stock holder will our corporation be able to lend money to retail businesses in the phils?

We will not own any retail business but lend money to the retail businesses. Will this be possible and legal?

Dr, Gilberto Dominguez, yes foreigners may be shareholders in a lending investor and you may lend to retail businesses.

]]> By: Mike McFadden http://www.bcphilippineslawyers.com/foreign-ownership-of-corporations-in-the-philippines/318/comment-page-3/#comment-3870 Mike McFadden Wed, 21 Dec 2011 05:05:13 +0000 http://www.bcphilippineslawyers.com/?p=318#comment-3870 Hello, I am Canadian and am setting up a coffee export company here in the Philippines. Our website, (soon to be completed) is cordilleracoffeecompany.com I was wondering about foreign investment for our roasting plant. We plan to roast our own beans before export. Will this plant be considered part of the export operation? Mike McFadden Mike, its part of the export operation so there is no issue. Hello,

I am Canadian and am setting up a coffee export company here in the Philippines. Our website, (soon to be completed) is cordilleracoffeecompany.com I was wondering about foreign investment for our roasting plant. We plan to roast our own beans before export. Will this plant be considered part of the export operation?
Mike McFadden

Mike, its part of the export operation so there is no issue.

]]> By: Ray http://www.bcphilippineslawyers.com/foreign-ownership-of-corporations-in-the-philippines/318/comment-page-3/#comment-3782 Ray Sat, 26 Nov 2011 16:38:59 +0000 http://www.bcphilippineslawyers.com/?p=318#comment-3782 Hi Thanks for taking time out to answer all these questions. I'm thinking of procuring a franchise with a local and intend to set up a partnership. Can this be done and how many percent of the business can I own (I'm guessing 40)? Also, the business we are looking at is an F&B outlet. Ray, foreigners may not own or be partners in retail businesses such as restaurants. Hi

Thanks for taking time out to answer all these questions. I’m thinking of procuring a franchise with a local and intend to set up a partnership. Can this be done and how many percent of the business can I own (I’m guessing 40)? Also, the business we are looking at is an F&B outlet.

Ray, foreigners may not own or be partners in retail businesses such as restaurants.

]]> By: Peter http://www.bcphilippineslawyers.com/foreign-ownership-of-corporations-in-the-philippines/318/comment-page-3/#comment-3721 Peter Tue, 08 Nov 2011 17:32:39 +0000 http://www.bcphilippineslawyers.com/?p=318#comment-3721 Hi, I'm from the UK and I'm interested in setting up an internet cafe in the Philippines. How much ownership can I obtain and how much pain-in capital will this cost? I have my own company in the UK but I'm guessing this makes no difference. Thanks, Peter, foreigners can not own any percentage of a small retail business such as an internet cafe. Hi,

I’m from the UK and I’m interested in setting up an internet cafe in the Philippines. How much ownership can I obtain and how much pain-in capital will this cost?
I have my own company in the UK but I’m guessing this makes no difference.

Thanks,

Peter, foreigners can not own any percentage of a small retail business such as an internet cafe.

]]> By: Yaroslav http://www.bcphilippineslawyers.com/foreign-ownership-of-corporations-in-the-philippines/318/comment-page-3/#comment-3681 Yaroslav Wed, 26 Oct 2011 05:29:10 +0000 http://www.bcphilippineslawyers.com/?p=318#comment-3681 We are planning to start a company in Philippines. We will hire Filipino workers and we will be providing website design and online marketing services for US and Europe based businesses. Can we have 100% foreign owned company in this case? Do we need to have paid-in capital of PHP100,000.00 only? Yaroslav, yes the company may be 100% foreign owned and you may have PHP100,000.00 paid-in capital. We are planning to start a company in Philippines. We will hire Filipino workers and we will be providing website design and online marketing services for US and Europe based businesses.

Can we have 100% foreign owned company in this case?
Do we need to have paid-in capital of PHP100,000.00 only?

Yaroslav, yes the company may be 100% foreign owned and you may have PHP100,000.00 paid-in capital.

]]> By: Jane Bondoc http://www.bcphilippineslawyers.com/foreign-ownership-of-corporations-in-the-philippines/318/comment-page-3/#comment-3672 Jane Bondoc Sun, 23 Oct 2011 06:00:08 +0000 http://www.bcphilippineslawyers.com/?p=318#comment-3672 After a Philippine corporation has been setup, can a foreign corporation buy unsubscribe shares of the corporation. if not, how can a foreign holding company invest on Philippine corporation. If it is possible for holding corporations to buy shares of a Philippine corporation, are there any special procedure for such? Thank you, Jane Jane, a foreign corporation may purchase shares in a Philippine corporation as long as it is a business that is allowed to have foreign ownership. After a Philippine corporation has been setup, can a foreign corporation buy unsubscribe shares of the corporation. if not, how can a foreign holding company invest on Philippine corporation. If it is possible for holding corporations to buy shares of a Philippine corporation, are there any special procedure for such?

Thank you,
Jane

Jane, a foreign corporation may purchase shares in a Philippine corporation as long as it is a business that is allowed to have foreign ownership.

]]> By: need2know http://www.bcphilippineslawyers.com/foreign-ownership-of-corporations-in-the-philippines/318/comment-page-3/#comment-3657 need2know Tue, 18 Oct 2011 12:12:15 +0000 http://www.bcphilippineslawyers.com/?p=318#comment-3657 We are planning to start a corporation in Philippines with majority shareholder being local and rest would come from foreign investors. The business would involve a restaurant and some food carts. any major legal problems that we will face in the set up process? if yes, what are the options on how to set it up? Foreigners may not be shareholders in small retail businesses such as restaurants and foodcarts. We are planning to start a corporation in Philippines with majority shareholder being local and rest would come from foreign investors. The business would involve a restaurant and some food carts. any major legal problems that we will face in the set up process? if yes, what are the options on how to set it up?

Foreigners may not be shareholders in small retail businesses such as restaurants and foodcarts.

]]> By: Anthony S http://www.bcphilippineslawyers.com/foreign-ownership-of-corporations-in-the-philippines/318/comment-page-3/#comment-3632 Anthony S Sat, 08 Oct 2011 17:08:40 +0000 http://www.bcphilippineslawyers.com/?p=318#comment-3632 I am interested in setting up a web development/online marketing company here in the Philippines. We would help other companies get online and direct website traffic to their own website. We will be providing website design and online marketing services for US based businesses. Do I have to have a Filipino partner or can I retain 100% ownership. Anthony, you do not need a Filipino partner. Outsourcing business are considered export enterprises and can be 100% foreign owned. I am interested in setting up a web development/online marketing company here in the Philippines. We would help other companies get online and direct website traffic to their own website. We will be providing website design and online marketing services for US based businesses. Do I have to have a Filipino partner or can I retain 100% ownership.

Anthony, you do not need a Filipino partner. Outsourcing business are considered export enterprises and can be 100% foreign owned.

]]> By: Jumar Apolinario http://www.bcphilippineslawyers.com/foreign-ownership-of-corporations-in-the-philippines/318/comment-page-3/#comment-3541 Jumar Apolinario Thu, 01 Sep 2011 03:45:54 +0000 http://www.bcphilippineslawyers.com/?p=318#comment-3541 Hi, Got a question. I'm a naturalized Filipino (American citizen) and planning to be in a partnership investment (pharmaceutical). I'll probably be investing US$116,000. Are there any specific laws or restrictions that I should be aware? Any tax ramifications? Please advise. Thanks. Jumar, it really depends, retail is not allowed by foreign citizens, more than 40% foreign ownership requires at least US$200,000 paid-in capital. Hi,
Got a question. I’m a naturalized Filipino (American citizen) and planning to be in a partnership investment (pharmaceutical). I’ll probably be investing US$116,000. Are there any specific laws or restrictions that I should be aware? Any tax ramifications? Please advise. Thanks.

Jumar, it really depends, retail is not allowed by foreign citizens, more than 40% foreign ownership requires at least US$200,000 paid-in capital.

]]>