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Doing business

“Doing business” includes soliciting orders, service contracts, opening offices, whether called “liaison” offices or branches; appointing representatives or distributors domiciled in the Philippines or who in any calendar year stay in the country for a period or periods totalling one hundred eighty (180) days or more; participating in the management, supervision or control of any domestic business, firm, entity or corporation in the Philippines; and any other act or acts that imply a continuity of commercial dealings or arrangements, and contemplate to that extent the performance of acts or works, or the exercise of some of the functions normally incident to, and in progressive prosecution of, commercial gain or of the purpose and object of the business organization. The phrase “doing business” shall not be deemed to include mere investment as a shareholder by a foreign entity in domestic corporations duly registered to do business, and/or the exercise of rights as such investor; nor having a nominee director or officer to represent its interests in such corporation; nor appointing a representative or distributor domiciled in the Philippines which transacts business in its own name and for its own account. (Sec. 3, Foreign Investments Act of 1991)

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  on Tuesday, 10 August 2010

One Response to “Doing business”

  1. 1
    Mtosayys Says:

    Everyone Welcome !
    In the worst possible time over the cartridge. Money for the new little, and also to refuel , and urgently need to print a letter .
    Where can I buy cheap cheap compatible ink cartridge for Xerox WC 3100.
    Here are read on the forum : compatible cartridge Xerox WC 3100.

    I want here to buy the cartridge flash cartridge
    Xerox WC 3100.

    Thumb up 0 Thumb down 0

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