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Under the FIA, a foreign corporation that is doing business in the Philippines must obtain a license for this purpose from the Philippine Securities and Exchange Commission (SEC). The license must be obtained by registering a Philippine branch office or representative office of the foreign corporation with the SEC. In the alternative, the foreign
THE REVISED CORPORATION CODE OF THE PHILIPPINES Republic Act No. 11232 SEC-OCS TITLE I GENERAL PROVISIONS DEFINITIONS AND CLASSIFICATIONS Section 1. Title of the Code. Section 2. Corporation Defined. Section 3 Classes of Corporations. Section 4. Corporations Created by Special Laws or Charters. Section 5.
21 Φεβ 2019 · Revised Corporation Code of the Philippines Republic ACT 11232 fHighlights • 17 Titles • 188 sections • Major provisions introduced to harmonize with other commercial laws • Major reforms introduced • Signed on February 20 and Published on February 21, 2019 fDefinition of Corporatio...
The Corporation Code of the Philippines (the “Corporation Code”) requires any foreign corporation doing business in the Philippines to obtain a license to do business from the Philippine Securities and Exchange Commission (“SEC”). (d) of the Foreign Investments Act of 1991, as amended (the “FIA”). It includes:
Page 4 | A Primer on Doing Business in the Philippines I. TYPES OF BUSINESS ORGANIZATIONS The different types of business organizations can be classified into two (2) general categories: A. Domestic or those organized under Philippine laws 1. Sole proprietorship 2. Partnership 3. Corporation B. Foreign or those organized under laws other than ...
I. Doing Business in the Philippines The Revised Corporation Code of the Philippines (the “RCC”), which took effect on February 20, 2019, requires any foreign corporation doing business in the Philippines to obtain a license to do business from the Philippine Securities and Exchange Commission (“SEC”).
Code became effective, replacing Batas Pambansa Blg. 68. The law introduces fresh and progressive concepts aimed at improving the ease of doing business in the country, promoting good corporate governance and afford protection to corporations, investors and consumers alike, amid a fast-evolving business landscape.
