The subject of foreign corporations doing business in the Philippines is perhaps better understood in the context of their involvement in the flow of capital, goods and services into the country. In this context, a business is a vehicle through which such a flow is carried out by the foreign corporation concerned. In the Philippines, a common business vehicle is either a domestic subsidiary in the form of a stock corporation, or a local branch of a foreign corporation. In the case of a branch,…
From The Report: The Philippines 2012
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In partnership with SyCip Salazar Hernandez & Gatmaitan, OBG takes a look at the Philippines’ legal system. Key points include the different ways of doing business for foreign entities, including their liability to suit and tax obligations. The section includes an interview with Rafael Morales, Managing Partner, SyCip Salazar Hernandez & Gatmaitan.