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Questions and Answers
Which act requires a foreign corporation doing business in the Philippines to obtain a license?
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?
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?
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?
What act allows a foreign corporation to incorporate a Philippine corporation and engage in business in the Philippines?
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Which organization must a foreign corporation obtain a license from to do business in the Philippines?
Which organization must a foreign corporation obtain a license from to do business in the Philippines?
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