Author: Mark Virgil Lofranco

The Philippines, with its beautiful islands, rich history, and vibrant culture, has always been a hotspot for foreigners. Whether they come for work, business, or even prolonged vacation, the country’s allure is undeniable. However, if you’re a foreign national looking to work or establish long-term residency, understanding the intricacies of the Philippine visa system is…

Corporate registration in the Philippines is not without its challenges. Common oversights can lead to delays, fines, or worse, legal complications. A frequent mistake? Skipping name verification with the SEC. This can result in identity conflicts and legal tussles. Ensure your business name is unique and resonates with your brand. Another pitfall is overlooking local…

Introduced as a fresh business structure, the One Person Corporation (OPC) in the Philippines is reshaping the entrepreneurial landscape. Unlike traditional corporations that require at least five incorporators, an OPC allows a single individual to reap the benefits of a corporation. Why consider an OPC? Limited liability tops the list. Your personal assets remain protected…

Starting a corporate venture in the Philippines? You’re embarking on a promising journey in a nation known for its entrepreneurial spirit. However, proper corporate registration is crucial for a smooth start. First, determine the business structure best suited for your needs. Options include Sole Proprietorship, Partnership, Corporation, and the emerging One Person Corporation (OPC). Each…

Here are five reasons why you need a bookkeeper in the Philippines: Compliance with local tax laws: The Philippines has complex tax laws that are constantly changing. A bookkeeper can help ensure that your business is in compliance with these laws, which can help you avoid penalties and fines. Accurate financial reporting: A bookkeeper can…

The Philippines is a popular destination for foreign investors looking to establish a business presence in Southeast Asia. One of the most significant advantages of doing business in the Philippines is the presence of the Philippine Economic Zone Authority (PEZA). Companies that register with PEZA enjoy several advantages, including tax incentives, streamlined procedures, and a…

The Philippines has become an attractive destination for foreign investors looking to do business in Southeast Asia. With its strategic location, large market size, and abundant natural resources, the Philippines offers several advantages for businesses looking to establish a presence in the region. In this article, we will explore some of the reasons why you…

SEC REGISTRATION FOR DOING BUSINESS IN THE PHILIPPINES Which Types of Businesses Require Registration with the SEC? As part of the powers and functions provided by Presidential Decree No 902-A, the Securities and Exchange Commission is given absolute “jurisdiction, supervision and control over all corporations, partnerships, or associations, who are the grantees of primary franchise and/or a license…

Social Security System (SSS) Employers must submit the SSS coverage of an employee within (30) days of employment. The SSS website provides detailed information on the responsibilities and obligations of an SSS employer. To be a registered SSS employer, you must accomplish and submit the following: Single Proprietors’ document requirements: Employer Registration – SSS Form…

What is a Mayor’s Permit? A Mayor’s Permit is a license issued by a Mayor for a company for the operation of its business under its jurisdiction. This permit is renewable every year and the deadline for the renewal is before the end of January of each year. How to Get a Mayor’s Permit in…