Foreigners owning Business here?

[DeathFox]

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Is the 40% ownership still the same?

[jackdi]

In the papers? I think YES. 40% lang gihapon.
Pero naay instance nga pwede higher ana.

Why man nag-ask ka?
Naa kay partner nga foreing investor?



OT:
Depending on how this thread goes, basin dapat ni mabalhin sa BF&E section Sir.

[DeathFox]

What if naay ni.violate ani, na dummy partners ra. Asa man pwede ma.report ni? >_>

[jackdi]

What if naay ni.violate ani, na dummy partners ra. Asa man pwede ma.report ni? >_>

...mao bah...

Try SEC - DTI - BOI - BIR

By the way, aside from bing dummy partners, unsa man diay ila gibuhat sa imo?

[Jewel@lingua]

yup foreigners can only own 40% share on any business or less depends on the investment.... for partnership refer to SEC

[DeathFox]

My stupid boss is abusing my workmate. And enough is enough, long story short. He is making it seem na we're the one that needs him, pero in reality... He is the one who desperately needs us. And enough is enough, mu.panick man gani if pangutan-on questions about sa SSS. So i'm just clarifying it here if the rule of foreigners being able to own a business here. Just insurance if things go rough >_>

[Adamot]

foreign affairs pud duo-la basin maka tabang sila nimo

[peewee_toot]

My stupid boss is abusing my workmate. And enough is enough, long story short. He is making it seem na we're the one that needs him, pero in reality... He is the one who desperately needs us. And enough is enough, mu.panick man gani if pangutan-on questions about sa SSS. So i'm just clarifying it here if the rule of foreigners being able to own a business here. Just insurance if things go rough >_>

ka relate mn sd ta ani. wa ko ka antus, ni hawa ko...

[kenneth uy]

maka tabang na cla mga bro and sis pero hasol ug daghan kaau pangutana

[salbahis]

Is the 40% ownership still the same?

as per The Foreign Investment Act (R.A. 7042, 1991, amended by R.A. 8179, 1996) for Domestic Corporations

Domestic Corporations
The general rule of ownership for a Philippine Domestic Market Enterprise is 60% Filipino ownership and 40% foreign ownership of a business.**

Reference:
R.A. 7042
Republic Act No. 8179 | Liberalize Foreign Investments, Amending for the purpose Republic Act No. 7042 | Philippine Law Firm

maka tabang na cla mga bro and sis pero hasol ug daghan kaau pangutana

whats wrong kung daghan pangutana?