Under the Revised Corporation Code, a single stockholder may now form a corporation. Said corporation is called a One Person Corporation (“OPC”). The single stockholder in an OPC should be a natural person, trustee or estate. Banks and quasi-banks, preneed, trust, insurance, public and publicly listed companies, and non chartered government owned and controlled corporations may not incorporate as an OPC. A natural person who is licensed to exercise a profession may not organi
A Black List Order (BLO) is one that bars a foreigner from entering the Philippines. This is usually because the foreigner has committed a violation of one or more of the immigration laws of the Philippines. Being discourteous to an immigration official upon arrival in the Philippines can even be considered a ground to black list a foreigner from the Philippines. Remember, black listing is discretionary on the part of the Bureau of Immigration which is why foreigners have to
Nonato Nonato Nonato-Luciano and Luciano Law Offices conducted a successful seminar on Republic Act No. 10963 or the Tax Reform for Acceleration and Inclusion (TRAIN) Law last January 27, 2018. The seminar was held in Palmbeach Resort & Spa and attended by many of the firm's clients and other companies. #TRAINLaw #cebulawofficePhilippinelaborcompliance #CebuBusiness #Cebuinvestments #cebulawoffice #CebuLawyers #cebulawfirm #Philippineslawyer #PhilippineTax #EstateTax
Under Republic Act No. 10173 or the Philippine Data Privacy Act, companies which control or process (i.e. collect, record, organize, store, consolidate, modify) personal information (i.e. any information, whether recorded in a material form or not, from which the identity of an individual is apparent or can be reasonably and directly ascertained by the entity holding the information, or when put together with other information would directly and certainly identify an individu
Executive Order No. 26 (EO 26) providing for the establishment of smoke-free environments in public and enclosed places became effective on July 23, 2017. Among others, EO 26 imposes the following prohibitions: 1. Smoking within enclosed public places and public conveyances, whether stationary or in motion, except in DSAs fully compliant with the standards provided by law; 2. For persons-in-charge to allow, abet, or tolerate smoking in places where it is not allowed (DSAs not
To provide a simplified, informal, and inexpensive recourse for people to assert their claims without the assistance of a lawyer, A.M. No 08-8-7-SC or “The Revised Rules of Procedure for Small Claims Cases” offers a special procedure on all actions which are purely civil in nature where the claim or relief prayed for by the plaintiff is solely for payment or reimbursement of sum of money not exceeding Four hundred thousand pesos (P400,000.00), exclusive of interest and costs.
What are the activities that an RHQ / ROHQ may engage in? A. REGIONAL HEADQUARTERS (RHQ) The activities of the RHQ are limited to acting as a supervisory, communications and coordinating center for its subsidiaries, affiliates and branches in the region. It is neither allowed to derive any income from sources in the Philippines and to participate in any manner in the management of any subsidiary or branch office it might have in the Philippines nor to solicit or market goods
Under Republic Act No. 10754 or An Act Expanding The Benefits and Privileges of Persons With Disability (PWD), PWDs are given at least a twenty percent (20%) discount and exempted from the twelve percent (12%) Value Added Tax (VAT) on the following: On the fees and charges relative to the utilization of all services in hotels and similar lodging establishments; restaurants and recreation centers; On admission fees charged by theaters, cinema houses, concert halls, circuses,