Securing investment in a business in the Philippines for foreigners I would

Rat31337

Rat31337

Arresto Menor

Posts : 2
Join date : 04/07/2017

I'm an Indian national who has been offered an opportunity to purchase an existing small restaurant business in Cebu city. My co investors are Filipino citizen. Being a non citizen of the country I'm advised that I won't be able to mention my name on the trade license however an incorporation document would be drafted that would specify my investment ownership. I would like to get so legal advice on whether this would secure my investment and if not are there any alternative ways for it.

xtianjames

xtianjames

Reclusion Perpetua

Posts : 2265
Join date : 13/12/2015

I would advise that you hire a lawyer for this kinds of thing in order for you to protect yourself and your investment.

Rat31337

Rat31337

Arresto Menor

Posts : 2
Join date : 04/07/2017

Would you recommend any good law firms or lawyers in Cebu city whom I may approach.

Lunkan

Lunkan

Reclusion Perpetua

Posts : 1356
Join date : 11/07/2013

Foreigners can own max 40 %.
You can for instance make a company where you have 40 % of the shares.

Or I believe you can make a Joint Venture for restaurants too but I don't know laws for such.

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Securing investment in a business in the Philippines for foreigners I would

1 Securing investment in a business in the Philippines for foreigners I would Tue Jul 04, 2017 3:21 pm

Rat31337

2 Re: Securing investment in a business in the Philippines for foreigners I would Tue Jul 04, 2017 3:29 pm

xtianjames

3 Re: Securing investment in a business in the Philippines for foreigners I would Tue Jul 04, 2017 3:50 pm

Rat31337

4 Re: Securing investment in a business in the Philippines for foreigners I would Fri Jul 14, 2017 9:16 pm

Lunkan

5 Re: Securing investment in a business in the Philippines for foreigners I would

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