HomeIs it allowed for foreigners (No Filipino spouse) to start a sole proprietorship business in the Philippines?
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Foreigner Starting A Business
5 posters
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2 Re: Foreigner Starting A Business Thu Aug 03, 2017 12:02 pm
Capt Ragnar
Arresto Mayor
You may follow these regulations through this link:
http://millionaireinthephilippines.blogspot.com/2011/11/guide-in-starting-business-in.html
http://millionaireinthephilippines.blogspot.com/2011/11/guide-in-starting-business-in.html
3 Re: Foreigner Starting A Business Fri Aug 11, 2017 8:01 pm
Lunkan
Reclusion Perpetua
There are a few exceptions. Other have high demands so I tell only the easiest:
"Export business"
can be owned 100 % of by foreigners.*
To be counted as "export business" minimum 60% of the revenue has to be export.
*EXCEPT when the business own land. Then the owning for foreigner is max 40% still.
"Export business"
can be owned 100 % of by foreigners.*
To be counted as "export business" minimum 60% of the revenue has to be export.
*EXCEPT when the business own land. Then the owning for foreigner is max 40% still.
4 Re: Foreigner Starting A Business Sat Oct 21, 2017 9:24 am
arnoldventura
Reclusion Perpetua
Are you hell bent on creating a single proprietorship in starting your business? You may consider forming a corporation instead. Though a single proprietorship may have its advantages, so too a corporation. Try reading this, I hope it gives more enlightenment. https://www.alburovillanueva.com/corporation-preferred-business-structure
5 Re: Foreigner Starting A Business Thu Nov 30, 2017 5:23 am
Lunkan
Reclusion Perpetua
When it isn't "export business" then corporation can be the best option for foreignersarnoldventura wrote:Are you hell bent on creating a single proprietorship in starting your business? You may consider forming a corporation instead.
= Least bad
In corporations foreigners are
allowed to own max 40 %
and NOT allowed to be the top boss.
To foreigners, who want more, DON'T be fooled by LAWYERS, who make ILLEGAL "solutions" with dummies to get around the "Anti-Dummy" law!!!
Such "solutions" have no chance in court if the court follow the laws...
6 Re: Foreigner Starting A Business Fri Dec 29, 2017 5:47 am
773629456
Arresto Menor
I am a foreigner outside the Philippines. I want to partner with someone in the Philippines. I met her through the Internet. He invited me to go to the Philippines and offered me a 10% profit per month so I would invest a small 500,000 peso and he would give me a guarantee. How to make sure I protect myself from fraud. Also, I do not know the Philippines nor speak the language well
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