A representative office is a foreign corporation's extension in the philippines representative office, philippines representative office acting as a liaison without engaging in profit-making activities. It serves as a platform for market research, product promotion, and customer relationship building.
While it offers a cost-effective entry point into the Philippine market, it's crucial to understand its limitations. Representative offices cannot generate income or offer services directly to third parties. They are fully funded by the parent company, representative office requiring a minimum annual remittance of $30,000 to cover operational costs.
Establishing a representative office involves securing necessary permits and philippines representative office registrations, including from the Securities and Exchange Commission (SEC) and the Bureau of Internal Revenue (BIR). Compliance with Philippine laws and regulations is essential to avoid penalties.
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