Business Registration in the Philippines
Registering a Corporation in the Philippines
The most common form of corporate vehicle used by foreign investors is the corporation. The main advantage of the corporate form is its limited legal liability. In addition, doing business through a corporation or subsidiary allows room for Philippine equity participation in certain business activities, which would otherwise be restricted. The liability of the shareholders of a corporation to third parties is limited to the amount of their share capital except in cases of fraud. A shareholder is liable for damages arising from a breach of fiduciary duties, fraud, gross negligence and other unauthorized acts.All foreign entities other than individuals doing business in the Philippines are required to register with the Securities and Exchange Commission whether as domestic corporations ...
Posted Oct 20, 2011, 8:39 AM by Admin ---
Showing posts 1 - 1 of 2. View more »
The Philippine Tax System
I. Introduction to the tax systemThe laws governing taxation in the Philippines are contained within the National Internal Revenue Code. This code underwent substantial revision with passage of the Tax Reform Act of 1997. This law took effect on January 1, 1998.Taxation is administered through the Bureau of Internal Revenue which comes under the Department of Finance. The chief executive of the Bureau of Internal Revenue is the Commissioner who has exclusive and original jurisdiction to interpret the provisions of the code and other tax laws. The commissioner also has the powers to decide disputed assessments, grant refunds of taxes, fees and other charges and penalties, modify payment of any internal revenue tax and abate or cancel a ...
Posted Oct 10, 2011, 10:43 PM by Admin ---
News & Updates
Showing posts 1 - 2 of 2. View more »
Blogs / Articles
Showing posts 1 - 3 of 3. View more »
Annulment in the Philippines
Divorce Obtained Abroad- Effects
Generally, divorce obtained abroad shall not affect the validity of marraige. Such divorce decree, as far as the Philippine law is concern is void it being against public policy. As ...
Posted Oct 20, 2011, 8:56 AM by Admin ---
Steps in Annulment
The procedure provided under the Rules on Declaration of Absolute Nullity of Void Marriages and Annulment of Voidable Marriages is discussed below. Please note that a petition for “annulment” refers ...
Posted Oct 15, 2011, 9:10 PM by Admin ---
Annulment vs. Legal Separation
The main difference between Annulment and Legal Separation can be determine from the grounds that will be use in filing each case and the effects after deciding the same. Grounds ...
Posted Oct 15, 2011, 9:48 PM by Admin ---
Showing posts 1 - 3 of 4. View more »
Visa & Immigration
Special Resident Retiree's Visa (SRRV)
The Special Resident
Retiree's Visa (SRRV) is a Philippine Visa issued by the Bureau of Immigration (BI) under the Retirement Program of the Philippine Retirement Authority (PRA) to ...
Posted Feb 8, 2012, 11:18 PM by Admin ---
Chief Justice Corona: Impeachment Trial
January 30, 2012: Prosecution move to summon SC Justices
The prosecution panel of the Impeachment case against Chief Justice Corona moved to summon Justices of the Supreme Court and testify against the Chief Justice of the Philippines. However, the ...
Posted Jan 30, 2012, 8:31 PM by Admin ---