Business in the Philippines

Republic Act No. 7042

Philippine Securities and Exchange Commission (SEC)

Philippine branch office

Foreign Investments Act of 1991 (FIA) (correct)

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.

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)

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