Setting up a foreign-owned business in the Philippines is no walk in the park. A foreign-owned corporation must obtain the necessary permits and licenses, register with the proper government agencies, and make the required capital investments before setting up business operations inside the country.
In the Philippines, registered corporations are required to file taxes to two government bodies: 1) the Bureau of Internal Revenue (BIR) or the national taxation authority; and 2) the local government unit (LGU) where their business is located.
In the Philippines, private businesses and employers are mandated by law to register their newly-hired employees to appropriate government agencies as part of their onboarding process.
Foreign corporations that intend to set up a service center to perform income-generating business activities to their subsidiaries, branches, and affiliates around the world can set up a Regional Operating Headquarters (ROHQ) in the Philippines.
Foreign corporations seeking to set up a communications center to supervise, inspect, or coordinate their subsidiaries, branches, and affiliates around the world can set up a Regional or Area Headquarters (RHQ) in the Philippines.
Foreign corporations seeking to test their potential in the Philippine market before making any significant investments can establish a Representative Office.
Want to know more about the roles and responsibilities of Corporate Secretaries in the Philippines? In this guide, we provide useful information on how they can help companies practice responsible governance and stay in full compliance with the government.
Want to do business in the Philippines but unsure which legal entity to register? This comprehensive guide discusses the different types of legal entities in the Philippines, as well as their requirements, setup processes, and restrictions to help you get started.
Location. Location. Location. Entrepreneurs need to consider the significant impact of finding the right location for their business as it could be the difference between a successful and failed venture.
Are you hiring foreign nationals to work in the Philippines? In this infographic, we will discuss the different steps and requirements your foreign employees should accomplish to obtain a work permit and legally work in the Philippines.