Comments on: Philippines Partnership

By: Peter

Peter — Sun, 23 Oct 2011 15:26:51 +0000

Hi! my girlfriend and I are planning to start an import business here and after reading this article, im wondering if there would be any conflicts. i am a resident alien and my girlfriend is filipino. i am planning to get my dual citizenship soon but i was hoping we could start our business even though im still an alien. thanks in advance!

Peter, yes you may start the business if you are a foreigner, your percentage of ownership will depend on the amount you invest. Above 40% foreign ownership requires a minimum paid-in capital of USD200k

By: charisma

charisma — Fri, 07 Oct 2011 05:46:17 +0000

i have a foreigner friend who wants to put up a business with me. we will buy a land and put up a resort. can my foreigner friend be my partner? coz i read on the article in this page that : Foreigners can not be a partner in a partnership which owns land.i also want to ask if he can buy his own land and put up a house because he plans to retire here in the Philippines.
thanks.

Charisma, you setup a corporation for the resort business. Foreigners can not land in their name in the Philippines.

By: Roger

Roger — Tue, 06 Sep 2011 09:35:49 +0000

Under the business enterprise setup (organized under the Philippine law), I gather that the partnership may consist of a foreigner.

Since the business in mind, renders the service in the Philippines, please advise what is contributed capital amount.

Roger, yes a foreigner can be a partner but the amount of capital depends on the percentage of foreign ownership and the kind of business.

By: Zenaida

Zenaida — Mon, 27 Jun 2011 00:07:51 +0000

My singaporean partner agreed that I will be an industrial partner in the partnership we are planning to register. The partnership once in place plans to venture into dealership of one the new food cart concept in the country.Into what category should this fall? He is only willing to remit Php250,00.00 maximum which is the required capitalization in the business I proposed to him. I don’t want to discourage him on investing in our country. Can you please explain to me further regarding the minimum contributed capital equivalent of US$200,000.00 for a domestic market enterprise?Where can I ask assistance from SEC so my registration will be facilitated smoothly?Seeing all the requirements enumerated here scares me as well.

Zenaida, foreigners may not be owners or partners in small retail businesses.

By: Junius

Junius — Mon, 20 Jun 2011 06:24:17 +0000

Is it possible to start a partnership with the purpose of investing in publicly-listed companies? thanks in advance.

Junius, yes you may start such a partnership.

By: john mark

john mark — Sat, 08 Jan 2011 08:10:16 +0000

if i want to start a partnership, how much will be the total estimated expenses in registering? like business permits, SEc etc….

John Mark, the SEC fees are based on the amount of capital that the partnership will have. Other business permits fees are based on the capital as well as the size of office and cost of rental.

By: Jane

Jane — Fri, 08 Oct 2010 16:02:58 +0000

Is there any foreign ownership restriction for a buying house (buy and sell) of live seafoods (fish & lobster)? Up to how many percent foreign equity is allowed? Thanks!

Jane, foreigners may own up to 40% of a corporation engaged in real estate. Foreigners may in engage in the buy and sell of sea foods as long as its wholesale.

By: admin

admin — Fri, 01 Oct 2010 07:10:40 +0000

Miriam, it depends on what kind of business you will operate. There are Limited Partnerships and Partnerships. We usually recommend to incorporate to limit personal liability.

By: miriam

miriam — Fri, 01 Oct 2010 05:07:36 +0000

how much is the capital investment required to be registered in the SEC? all partnership business shall be registered by SEC, is P500,000.00 the required Capital?

By: Marlon Crespo

Marlon Crespo — Tue, 15 Jun 2010 06:57:54 +0000

Hi.
Good afternoon.
I & my brother in law plan to open a Engineering business here in the Philippines which is a building Services Specialist and Consultancy and will be a 60-40% share.However under negative list A it was stated no foreign equity and is not clear to us. can you please help clarify?

Can we avail tax incentives, holidays?

Thanks in advance!

Marlon, a foreigner may not own any part or engage in an engineering business in the Philippines.