When one files a Petition to declare a marriage void, there is the presumtion that the marriage never existed. Of course it is up to the court to decide if the grounds of your petition are valid. The Family Code of the Philippines states in Articles 35, 36, 37 and 38 the grounds to declare… Continue reading Declaration of Nullity of Marriage in the Philippines
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Philippines Corporate Taxation
Companies that are resident of the Philippines are taxed on worldwide income. Non-resident companies are taxed only Philippines income (branch office in the Philippines). Dividends received by Philippine Corporations or resident foreign corporations are not taxed. Capital Gains Taxes Capital Gains Taxes are usually taxed as income. The sale of shares that are not listed… Continue reading Philippines Corporate Taxation
BOI - Board of Investments Tax Incentives
A corporation investing in the Philippines may avail of tax breaks and incentives by registering with the BOI - Board of Investments. The company must operate a business which has been recognized as a preferred area of investment in the Philippines Investment Priority Plan (IPP). For business activities not covered by the IPP incentives may… Continue reading BOI - Board of Investments Tax Incentives
Philippines BPO KPO Registration Incorporation
Setting up a Call Center, BPO or KPO in the Philippines starts with registering a company. Companies engaged in outsourcing as long as the clients are overseas are considered export companies and can be one hundred percent (100%) foreign owned (Fully Foreign Owned Domestic Corporation). Philippine tax incentives are available to all companies engaged in… Continue reading Philippines BPO KPO Registration Incorporation
How to File an Annulment in the Philippines
Contact a lawyer to discuss the merits of your petition and whether the grounds exist for you to file a Petition for Annulment of Marriage or a Declaration of Nullity of your marriage. Annulment of Marriage Art. 45 of the Family Code of the Philippines lists the grounds for Annulment of Voidable Marriages for causes… Continue reading How to File an Annulment in the Philippines
PROCEDURE ON GETTING ANNULMENT IN THE PHILIPPINES
A. M. NO. 02-11-10-SC MARCH 4, 2003 RULE ON DECLARATION OF ABSOLUTE NULLITY OF VOID MARRIAGES AND ANNULMENT OF VOIDABLE MARRIAGES Section 1. Scope.– This Rule shall govern petitions for declaration of absolute nullity of void marriages and annulment of voidable marriages under the Family Code of the Philippines. The Rules of Court shall apply… Continue reading PROCEDURE ON GETTING ANNULMENT IN THE PHILIPPINES
Presumption of Death and Remarriage
Many people ask us: I have not heard from my spouse in 7 years, can I remarry? The answer is no. No matter how long spouses have been separated 2, 4, 7, 15 years or more, one can not remarry without the courts having issued a: Decree of Annulment or Nullity Judicial Decree of Absolute… Continue reading Presumption of Death and Remarriage
Philippine Representative Office
The procedure for obtaining a license from the SEC to operate a Foreign Company Representative Office in the Philippines is similar to that of the Foreign Company Branch Office. The required minimal inward remittance of funds for a Foreign Representative Office as working capital is US$ 30,000.00 as opposed to the minimum paid up capital… Continue reading Philippine Representative Office
Philippines Foreign Corporation Branch Office
A branch office of a foreign corporation may start transacting business in the Philippines once it has been licensed by the SEC. The corporation code of the Philippines in Title XV gives the definition and rights of a foreign corporation in the Philippines to conduct business. Required documents needed to apply for a license to… Continue reading Philippines Foreign Corporation Branch Office
Foreign Ownership of Land in the Philippines
Real Estate Ownership in the Philippines Philippines real estate law does not allow outright ownership of real property by foreign nationals. Filipinos and former Filipino citizens and Philippine majority owned corporations (Take note of the Anti Dummy Law) are permitted to own land, buildings, condominiums and townhouses. Foreign nationals may buy condominiums units in Philippine… Continue reading Foreign Ownership of Land in the Philippines
