Transcription of PH12 Legal Framework:Layout 1 - syciplaw.com
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PH12 Legal Framework:Layout 1 - syciplaw.com
THE REPORTThe Philippines 2012 POLITICSENERGYINDUSTRYECONOMYTOURISMCAPI TAL MARKETSBANKINGREAL ESTATECONSTRUCTIONBPOTELECOMS & ITMINING9781907065569223 Legal FrameworkDifferent ways of setting up shop locallyLicensing requirements for foreign companiesComparison of subsidiary and branch operationsTransferability of shares, liability and continuityLEGAL FRAMEWORK OVERVIEWA subsidiary or a branch may qualify for tax and other incentivesThe subject of foreign corporations doing business inthe Philippines is perhaps better understood in thecontext of their involvement in the flow of capital,goods and services into the country. In this context, abusiness is a vehicle through which such a flow is car-ried out by the foreign corporation concerned. In the Philippines, a common business vehicle iseither a domestic subsidiary in the form of a stock cor-poration, or a local branch of a foreign corporation.
223 Legal Framework Different ways of setting up shop locally Licensing requirements for foreign companies Comparison of subsidiary and branch operations
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