Business in the Philippines
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Questions and Answers

Which act requires a foreign corporation doing business in the Philippines to obtain a license?

  • Republic Act No. 7042
  • Philippine Securities and Exchange Commission (SEC)
  • Philippine branch office
  • Foreign Investments Act of 1991 (FIA) (correct)

    • What are the consequences for a foreign corporation found to be doing business in the Philippines without a license?

  • It can sue and maintain suits to enforce its rights.
  • It cannot sue or maintain suits to enforce its rights. (correct)
  • It can set up a local entity without a license.
  • It can incorporate a Philippine corporation without a license.

    • What is the purpose of a Philippine branch office?

  • To engage in business in the Philippines through a Philippine corporation (correct)
  • To obtain a license for a foreign corporation
  • To incorporate a Philippine corporation
  • To register a foreign corporation with the Philippine Securities and Exchange Commission (SEC)

    • What act allows a foreign corporation to incorporate a Philippine corporation and engage in business in the Philippines?

    <p>Republic Act No. 7042</p> Signup and view all the answers

    Which organization must a foreign corporation obtain a license from to do business in the Philippines?

    <p>Philippine Securities and Exchange Commission (SEC)</p> Signup and view all the answers

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