Author: Mark Virgil Lofranco

The Philippines has become a global hub for Business Process Outsourcing (BPO), known for its skilled workforce, strong English proficiency, and cost-effective services. However, establishing a BPO company in the country requires compliance with several legal requirements to ensure smooth operations and legal protection. If you’re planning to set up a BPO, here’s a guide…

Investment Promotion Agencies (IPAs) play a crucial role in attracting foreign and domestic investments to the Philippines. These agencies provide various incentives, streamline business processes, and offer support to investors who seek to establish or expand their businesses in the country. Here’s an in-depth guide to understanding the key Philippine Investment Promotion Agencies, their functions,…

Corporate restructuring is a complex process that involves significant changes to a company’s structure, operations, or finances. It can be driven by various reasons, such as mergers, acquisitions, spin-offs, or financial difficulties. While restructuring can offer strategic advantages, ensuring legal compliance is crucial to avoid potential legal risks and penalties. Here’s a guide on how…

A holding company is a type of business entity that primarily exists to own and manage the shares of other companies, effectively controlling them without necessarily being involved in their day-to-day operations. Establishing a holding company in the Philippines can be a strategic move for managing multiple businesses under a single corporate structure. Here’s a…

The Philippine Competition Commission (PCC) plays a pivotal role in promoting and maintaining market competition in the Philippines. As an independent quasi-judicial body, the PCC is tasked with ensuring that businesses engage in fair competition, which ultimately benefits consumers by encouraging innovation, lower prices, and improved quality of goods and services. Here’s an in-depth look…

Equity crowdfunding has emerged as a popular method for startups and small businesses in the Philippines to raise capital by offering shares or equity in their company to a large number of investors, typically through online platforms. While it presents exciting opportunities for entrepreneurs and investors alike, equity crowdfunding also involves significant legal considerations. Here’s…

In the Philippines, the National Internal Revenue Code (NIRC) serves as the backbone of the country’s tax system, governing the imposition, collection, and administration of national taxes. Compliance with the NIRC is not just a legal obligation but also a crucial element in ensuring the smooth operation of businesses and the integrity of personal finances.…

Registering your business with the Department of Trade and Industry (DTI) is a crucial step for entrepreneurs, particularly for those setting up a sole proprietorship. The DTI is responsible for registering business names and ensuring that no two businesses have the same name. This guide outlines the step-by-step process of registering a business with the…

Corporate governance refers to the systems, principles, and processes by which companies are directed and controlled. In the Philippines, corporate governance for publicly listed companies is regulated by various laws, rules, and guidelines to ensure accountability, transparency, and fairness in business operations. Here’s a comprehensive guide on the legal aspects of corporate governance for publicly…

The Anti-Dummy Law (Commonwealth Act No. 108, as amended) is designed to enforce constitutional and statutory restrictions on foreign ownership and control of certain activities and enterprises in the Philippines. Navigating the Anti-Dummy Law is crucial for businesses involving foreign investments to ensure compliance and avoid legal penalties. This guide provides an overview of the…