Author: Mark Virgil Lofranco

The Gateway to Entrepreneurship: Legal Expertise in Business Registration In the bustling economic landscape of the Philippines, starting a new business is both an opportunity and a challenge. This blog post delves into the critical role that corporate lawyers play in the business registration process in the Philippines, highlighting how they pave the way for…

Navigating the Complexities of Corporate Compliance in the Philippines The business landscape in the Philippines is as vibrant as it is challenging, with legal compliance forming a critical pillar of corporate success and integrity. This blog post aims to shed light on the essential legal compliance requirements for corporations in the Philippines, providing a roadmap…

Understanding the corporate registration process in the Philippines for foreign investors involves navigating specific regulations and requirements that differ from those for domestic entities. Here’s a guide to help foreign investors understand this process:   1. Determine the Type of Business Entity Foreign investors can choose among several business entities: a domestic corporation (wholly-owned or…

Registering a new corporation in the Philippines involves several steps, which can be complex due to various legal and bureaucratic requirements. Here’s a step-by-step guide to help you through the process: 1.Verify and Reserve Company Name: Use the Securities and Exchange Commission’s (SEC) online system, the Company Registration System (CRS), to check the availability of…

In the Philippines, there are several forms of taxes that individuals and businesses may be required to pay. Here are ten of the key taxes: Income Tax – This is a tax on an individual’s earnings, wages, or income from business or practice of profession. For corporations, this also includes a tax on the company’s…

Opening a business in a foreign country can be a strategic move for many small businesses looking to expand internationally. For Canadian small businesses, the Philippines presents unique opportunities. Here are ten reasons that can motivate such a move 1. Cost-Effective Labor The Philippines offers a skilled labor force at a lower cost compared to…

Setting up a corporation in the Philippines is an exciting prospect, but it requires a clear understanding of the processes involved. This guide aims to streamline the steps for you, ensuring a smooth corporate registration experience in the country. 1. Decide on the Corporate Structure Domestic Corporation: Owned by Filipinos and/or foreigners, and operates within…

The Philippines, an archipelago of over 7,000 islands, has always been at the crossroads of global trade routes. Its rich history has been intertwined with various nations and cultures, which have played instrumental roles in shaping its economic, social, and political fabric. Let’s explore the top ten reasons detailing how foreign trade has profoundly influenced…

The Business Process Outsourcing (BPO) industry has witnessed significant growth over the past decades, and the Philippines has emerged as a global leader in this domain. If you’re an Australian businessman looking to tap into the world of BPO, the Philippines might just be your best bet. Here’s why: Cultural Compatibility: Filipino culture is an…

The Philippines, known for its pristine beaches, diverse culture, and welcoming people, has more to offer than meets the eye. Beyond the allure of its tourist destinations, the country has become a hotspot for foreign investments. Here are the top ten reasons why: Robust Economic Growth: Over the past decade, the Philippines has been consistently…