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Except - IF I have understood corect - if the business is EXPORT business (=export minimum 60 %) then a foreigner can own whole without demand of such high stock capital.pinkberrybuzz wrote: -- with Authorized capital Stocks of Php10,000,000.00 (if the company is 100% Foreign owned)
-- 40 Foreign/ 60% Filipino --> only to those allowed businesses which are not under the category of restricted to Filipinos only eg: RESTAURANT
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