Six Things that You Should Know about Foreign Investment in the Philippines
The Philippines, with its strategic location and a population fluent in English, has become an attractive investment destination for foreign entrepreneurs. Whether you’re considering setting up a corporation, partnership, branch office, or representative office, it’s crucial to understand the key facts and requirements for doing…
Guidelines on the Registration of a One-Person Corporation
“Should I register as a Sole Proprietor or as a Corporation?” – This is one of the most common questions that we get from new business owners and entrepreneurs. Both options have their own advantages and disadvantages. A single proprietorship is simple, while a corporation…
BIR Creates Special Task Force to Track Down Tax Compliance of Taxpayers Engage in Online Business, Including Social Media Influencers
If you are doing business in the Philippines, you are expected to pay your taxes. It is your duty to register your business, file and pay your taxes according to your business type. Even if you are not earning, have negative revenue and there are…
Ordinary Stock Corporation VS. One Person Corporation: Which is Better?
More Filipinos are venturing into entrepreneurship. At the time of crisis, our creativity and ingenuity have been unleashed allowing us to provide products and services that can help address the gap and the call of times. Operating our business within the bounds of the law…
5 Reasons Why Should You Register as a “One-Person Corporation (OPC)”
The Revised Corporation Code (RCC) presented the One-Person Corporation concept to answer business owners’ needs and make doing business in the country easy. The OPC is an organization with a single shareholder. It allows business owners to register a corporation without looking for five incorporators…
What You Need to Know About SEC Memorandum Circular (MC) 28 Series of 2020
You probably heard that the Securities and Exchange Commission (SEC) has released its memorandum about the mandatory submission of Email Addresses and Cellphone Numbers for SEC Transactions (Memorandum Circular 28 Series of 2020). The said circular mandates every company (corporation, partnership, association, and individual) under…
How to Check If Your Business Name is Still Available
Selecting your business or brand name should be given utmost importance when starting a business. After all, it’s going to be your identity that will reflect your promise and brand values. Just like what other entrepreneurs say, a business always starts with a name. But,…
BIR Registration: 3 Simple Steps for Freelancers
Taxes can sometimes give freelancers and self-employed professionals an uncomfortable feeling. It’s something that most freelancers want to avoid and don’t want to wrap their heads around. It’s a tedious process they will have to do the filing work themselves. But, whether you like it…
Top 3 Reasons to Register Your Business with the BIR
Bureau of Internal Revenue (BIR) Business Registration is usually not part of the priority for enterprises that have been in business for quite some time now. However, for those who are just getting started or those who’re operating their businesses in an informal manner, it’s…
3 Leading Lucrative Small Business Ideas in the Philippines
Do you intend to start a small business in the Philippines, but don’t know where to start? This article is going to be really useful for you if you are looking for profitable small business ideas you can start in the Philippines. Today is an…
