I've been reading some information from the SEC and BIR regarding establishing a Corporation in the Philippines. I know it's possible to own a business without getting taxed to death (and with the government sucking ur blood it's hard to stay competitive, pay employees, invest and expand).

I''m reading it's 40-49% depending. What if the shareholders are all foreigners splitting the privately held stock or the company is HQ in a foreign country and just registered as Inc or sister in the Philippines?

There should be ways around this and past the $70k US Dollars investment needed to get a business permanent residence permit.



Looking for your opinion ha.