BUSINESS ENTERPRISE TYPES
FOREIGN INVESTMENT ACT
Republic Act 7042 as amended by RA 8179, also known as the Foreign Investments Act of 1991, is the basic law that governs foreign investments in the Philippines. It is considered a landmark legislation because it liberalized the entry of foreign investments into the country.FIND OUT MORE
INCENTIVES TO INVESTORS
The BOI, an agency under the Department of Trade and Industry, is the lead investments promotion agency of the country. As such, it is at the forefront of government as efforts to attract direct investments into the country to contribute to economic growth and jobs creation, to help uplift the general economic welfare of the Filipinos.
The agency is designed to promote inward investments and assist local and foreign investors in their venture of the desirable areas of business, defined in the annually-prepared Investment Priorities Plan (IPP).
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COST OF DOING BUSINESS
Handholding assistance provided by the BOI Aftercare Service Team for registered business entities in the Philippines. It includes timely advise on investment related matters; compliance with BOI terms and conditions and follow through on other government transactions. The Team will coordinate with the 28 member agencies of theAi??Investment Promotion Unit Network (IPUNet) to facilitate issues and concerns related to company operations.
Handholding visits of individual companies or business delegations from different countries to fully explore investment opportunities and ensure a productive stay in the Philippines. Assistance includes preparation of program/itinerary for the delegation, investment briefing, networking/business matching, site visits and other administrative arrangements.
Joint Venture is described as a business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task. This task can be a new project or any other business activity.
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For details of termination for Sole Proprietorship or dissolution of partnership/corporation.