Notes in 07 Foreign Corporations

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Published	03/21/2025	What is the definition of a foreign corporation?
Published	03/21/2025	What rights does a foreign corporation have under the Philippine law?
Published	03/21/2025	What is the requirement for a foreign corporation to transact business in the Philippines?
Published	03/21/2025	What happens to an existing foreign corporation authorized to do business in the Philippines under a license?
Published	03/21/2025	What documents must a foreign corporation submit when applying for a license in the Philippines?
Published	03/21/2025	What information should be included in the application for a license?
Published	03/21/2025	What requirements apply to the certificate accompanying the application?
Published	03/21/2025	What financial information must be provided with the application?
Published	03/21/2025	Are there additional requirements for foreign banking, financial, and insurance corporations?
Published	03/21/2025	What conditions must be met for the Commission to issue a license to a foreign corporation?
Published	03/21/2025	What must the licensee, except foreign banking or insurance corporations, deposit with the Commission?
Published	03/21/2025	Is there an ongoing requirement for the licensee to deposit securities?
Published	03/21/2025	Can the licensee make substitute deposits?
Published	03/21/2025	What happens to the licensee's deposits if it ceases to do business in the Philippines?
Published	03/21/2025	How are securities deposits computed?
Published	03/21/2025	Under what circumstances will the Commission issue a license to a foreign corporation?
Published	03/21/2025	What must a licensee, excluding foreign banking or insurance corporations, deposit with the Commission within 60 days of obtaining the license?
Published	03/21/2025	Is there an ongoing requirement for the licensee to deposit additional securities or financial instruments?
Published	03/21/2025	Can the Commission release part of the additional deposit under certain circumstances?
Published	03/21/2025	How is the computation of securities deposits conducted?
Published	03/21/2025	Are foreign banking and insurance corporations subject to additional requirements?
Published	03/21/2025	Who can serve as a resident agent in the Philippines?
Published	03/21/2025	What are the qualifications for an individual resident agent?
Published	03/21/2025	What are the qualifications for a domestic corporation to act as a resident agent?
Published	03/21/2025	Can any individual residing in the Philippines serve as a resident agent?
Published	03/21/2025	Can any domestic corporation lawfully transacting business in the Philippines serve as a resident agent?
Published	03/21/2025	What is the role of a resident agent?
Published	03/21/2025	Why is it necessary for the resident agent to be of good moral character and of sound financial standing?
Published	03/21/2025	What documentation is needed to prove that a domestic corporation is in good standing and has sound financial standing?
Published	03/21/2025	Is there a specific certification required for a domestic corporation to act as a resident agent?
Published	03/21/2025	What is the requirement for a foreign corporation to transact business in the Philippines regarding a resident agent?
Published	03/21/2025	What is the purpose of designating a resident agent?
Published	03/21/2025	What agreement or stipulation must be executed by the foreign corporation?
Published	03/21/2025	What happens when summons or legal process is served upon the Commission?
Published	03/21/2025	Who is responsible for covering the expenses incurred by the Commission for serving the summons or legal process?
Published	03/21/2025	What is the duty of the resident agent regarding changes in address?
Published	03/21/2025	Can the Commission accept service of summons or legal process on behalf of a foreign corporation in all cases?
Published	03/21/2025	What is the purpose of serving a copy of the summons or legal process to the foreign corporation?
Published	03/21/2025	What is the role of the resident agent in relation to summons and legal processes?
Published	03/21/2025	Is it mandatory for a foreign corporation to have a resident agent in the Philippines?
Published	03/21/2025	What happens if a foreign corporation ceases to transact business in the Philippines or no longer has a resident agent?
Published	03/21/2025	What is the purpose of notifying the Commission of changes in the resident agent's address?
Published	03/21/2025	How long does the Commission have to transmit a copy of the summons or legal process to the foreign corporation after it has been served upon them?
Published	03/21/2025	Is it necessary for the Commission to send a copy of the summons or legal process to the foreign corporation?
Published	03/21/2025	What happens if the party requesting the service fails to pay the expenses incurred by the Commission?
Published	03/21/2025	Can a foreign corporation be served summons or legal process directly, without involving the resident agent or the Commission?
Published	03/21/2025	Can the Commission accept service of summons or legal process in cases unrelated to business or transactions that occurred in the Philippines?
Published	03/21/2025	What is the purpose of the written power of attorney filed by the foreign corporation?
Published	03/21/2025	Is the written power of attorney filed with the Commission a mandatory requirement for a foreign corporation?
Published	03/21/2025	What does it mean for service of summons or legal process to have the same force and effect as if made upon the duly authorized officers of the corpor…
Published	03/21/2025	Can the resident agent refuse to accept or acknowledge service of summons or legal process?
Published	03/21/2025	Can the resident agent be held responsible for the actions or liabilities of the foreign corporation?
Published	03/21/2025	What laws are foreign corporations bound by when doing business in the Philippines?
Published	03/21/2025	When must a foreign corporation file an authenticated copy of the amended articles of incorporation or bylaws?
Published	03/21/2025	What should be indicated clearly in the amended articles of incorporation or bylaws?
Published	03/21/2025	Who must duly certify the copy of the amended articles of incorporation or bylaws?
Published	03/21/2025	Does filing the amended articles of incorporation or bylaws automatically change the authorized purpose of the corporation?
Published	03/21/2025	When should a foreign corporation obtain an amended license?
Published	03/21/2025	What is required to obtain an amended license?
Published	03/21/2025	Can a foreign corporation merge or consolidate with a domestic corporation in the Philippines?
Published	03/21/2025	What should a foreign corporation do if it is a party to a merger or consolidation in its home country or State?
Published	03/21/2025	What should a foreign corporation doing business in the Philippines do if it is absorbed in a merger or consolidation?
Published	03/21/2025	What is the consequence of a foreign corporation transacting business in the Philippines without a license?
Published	03/21/2025	Can a foreign corporation be sued in the Philippine courts?
Published	03/21/2025	What are the grounds for revocation or suspension of a foreign corporation's license to transact business in the Philippines?
Published	03/21/2025	What is the process for revoking a foreign corporation's license?
Published	03/21/2025	Under what conditions can a foreign corporation withdraw from the Philippines?
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