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Essay heading: Philippines Country Snapshot
Essay specific features
| Issue: |
Biographies |
| Written by: |
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| Date added: |
October 26, 1997 |
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| No of pages / words: |
5 / 1156 |
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0 times |
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Essay content:
Incentives include income-tax holidays, credits for tax and duties on imported raw materials, and exemptions from local taxes.
Business and financing
Business forms
Sole proprietorships, partnerships, corporations
Foreign firms usually set up sole proprietorships, partnerships or corporations, but may also operate through branches...
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However, small and medium-sized domestic market enterprises with paid-in equity capital less than the equivalent of US$200,000.00, are reserved to Philippine nationals unless they involve advanced technology, or they employ at least fifty direct employees, in which case a minimum paid-in capital of US$100,000...
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