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  1. Apr 26, 2023 · The U.S. Commercial Service can assist you in understanding local regulatory requirements. Please contact Commercial Specialist Katrina Domingo at katrina.domingo@trade.gov to learn more. 04/26/2023. The Philippines' new FDA regulation allows for a facilitated registration process for new drugs.

  2. Jun 3, 2020 · A foreign corporation authorized to transact business in the Philippines must obtain an amended license in the event it changes its corporate name, or desires to pursue other or additional purposes in the Philippines, by submitting an application with the Commission, favorably endorsed by the appropriate government agency in the proper cases.

  3. Foreign nationals who are authorized to do business in the Philippines under existing statutes may also register. Can a foreign national register a business name? Yes. A foreign national and refugee/stateless person should be at least 18 years of age to register a business name. A Non-Philippine national also needs to obtain a Certificate of ...

  4. Jan 23, 2024 · The Philippines’ gross national income per capita was estimated at around $3,950 in 2022, below the World Bank’s upper middle-income range of $4,256 to $13,205. The Philippine government expects the economy to expand 6-7 percent in 2023, but GDP moderately grew by 5.3 percent in the first semester.

  5. A foreign entity’s online platform or website may be a reason why the Philippine government will consider the company as doing business in the Philippines. When you do business in the Philippines, or are considered as, or found to be, doing business in the Philippines, you are bound by Philippine laws.

  6. Jan 26, 2021 · Once you received your SEC Certificate of Registration, you still need to go through the entire business registration process. Remember, the SEC COR is only the first step—the business name registration. The following permits are essential for you to fully operate a business in the Philippines: Barangay Clearance; Mayor's Permit; BIR Registration

  7. For the year as a whole, the Philippines' trade balance was estimated to be negative by 15.6% of GDP by the World Bank. According to preliminary figures from PSA, in 2023, the total value of exports amounted to USD 73.52 billion, marking a 7.6% decrease, whereas imports amounted to USD 125.95 billion, up by 8.2%. Foreign Trade Values.

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