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Corporation Tag

Borra Law > Posts tagged "Corporation"

How a Foreigner Can Engage in Philippine Retail Trade

Retail trade is the act, occupation or calling of habitually selling direct to the general public merchandise, commodities or goods for consumption.  Under Philippine laws, retail trade is generally reserved to Filipinos and corporations wholly owned by Filipinos, except in the following instances: Sales of manufacturer, processor, laborer, or worker, to the general public, the products manufactured, processed or produced by him if his capital does not exceed P100,000; Sales through a single outlet owned by a manufacturer of products manufactured, processed or assembled in the Philippines, irrespective of capitalization Sales by farmers selling their own products; Sales in restaurant operations by  hotel...

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