HKMB Hong Kong Means Business

Hong Kong Means Business Hong Kong Means Business
  • Login / Register

Languages

  • EN
  • 繁
  • 简
  • Events
  • My Feed
  • Contact HKTDC
  • Subscribe
  • Subscribe

Section Menu

  • multimedia
  • market spotlight
  • first person
  • Venture Hong Kong
  • heads-up
  • inside china
  • life & style
  • hktdc research

Languages

  • EN
  • 繁
  • 简
  • HKTDC.com |
  • About HKTDC |
  • My HKTDC |
  • Login / Register |

HKTDC.com About HKTDC My HKTDC

Login Register

Hong Kong Means Business

Section Menu

  • multimedia
  • market spotlight
  • first person
  • Venture Hong Kong
  • heads-up
  • inside china
  • life & style
  • hktdc research

https://hkmb.hktdc.com/en/MTA0MDM3MDU2MQ

hktdc research
SAVE FOR LATER
SHARE / SEND

"Scan QR Code" in WeChat and tap "..." to share.

PHILIPPINES: Implementing Rules of New Foreign Retailers Law Released

19 April 2022



The implementing rules and regulations (IRR) for the Philippines' amended   were released on 9 March 2022 and came into force on 27 March 2022. The IRR adds details regarding foreign ownership, paid-in capital, reciprocal investment regulations, and promotion of locally made products. 

A foreign retailer is defined as a foreign national, partnership, association, or corporation engaged in retail trade, with more than 40% foreign ownership of the capital stock. A store is defined as a physical outlet where goods are retailed. Online retailing is covered by these provisions, and a warehouse for such purposes is considered a store. 

The RTLA requires foreign retailers to have a minimum paid-up capital of PHP25 million (US$480,282) and minimum investment per-store of PHP10 million. The IRR identifies documents required to monitor paid-up capital. Retailers must submit annual reports and audited financial statements. The number and location of stores, investment per store, and operational status should also be submitted along with an inventory of locally manufactured products. A certificate confirming reciprocity from home state is also required.

BACK TO TOP ^
    Topics:
  • Finance & Investment,
  • ASEAN,
  • Southeast Asia,
  • Philippines,
  • retail,
  • regulation
  • Finance & Investment
  • ASEAN
  • Southeast Asia
  • Philippines
Home

Article Topics

ARTICLE TOPICS

FINANCE & INVESTMENT24664
ASEAN37801
SOUTHEAST ASIA36184
PHILIPPINES36192
RETAIL76954

ARTICLE TOPICS

FINANCE & INVESTMENT24664
ASEAN37801
SOUTHEAST ASIA36184
PHILIPPINES36192
RETAIL76954
REGULATION81740

interest_article

YOU MAY BE INTERESTED IN

27 May 2022

Hong Kong: The Most Popular Overseas Listing Venue for ASEAN Companies

17 May 2022

INDONESIA: VAT on Fintech Services and Crypto Transactions Starts 1 May

12 May 2022

INDONESIA: Export Credit Reinsurance Deal for SMEs Signed with UAE

27 April 2022

SINGAPORE: Application Guidelines for Family Office Tax Incentives Amended

Related Events

RELATED EVENTS

31 May 2022

T-box Workshop on “ Unlocking RCEP Opportunities: Business Potential and Regulations”(Webinar)

22 - 26 June 2022

ASEAN Lifestyle Explorer – IndoComtech, Jakarta, Indonesia

5 - 8 September 2022

Hong Kong Pavilion at FHA–Food & Beverage, Singapore

26 - 29 October 2022

Eco Expo Asia 2022
FIND AN EVENT

Social Share

FOLLOW US

GET WEEKLY UPDATES

newpaper-img

GET OUR WEEKLY EMAIL UPDATES

banner-img


I acknowledge that the above information may be used by the Hong Kong Trade Development Council (HKTDC) for incorporation in all or any of its database for direct marketing or business matching purpose (and may therefore become available to the public within and/or outside of Hong Kong for use by them), and for any other purposes as stated in the Privacy Policy Statement; I confirm that I have the consent and the authority of each individual named in this form to release their personal data for the purposes stated herein.


*For non-EU/EEA customers, please skip this box which is solely for EU/EEA customers as required by the relevant data protection law in the EU.

THANK YOU

Thank you for registering.

SHARE THIS STORY

EMAIL
LINKEDIN
WeChat
FACEBOOK
TWITTER
WHATSAPP

ID: HKTDCofficial

Don't have an account?

Create An Account

successfully added on your preferences.