Although the Philippines does not adopt the legal concept of Limited Liability Company (LLC) or Private Limited Company (PLC), a domestic corporation serves as its closest local equivalent by virtue of the powers and attributes granted to the latter by the Corporation Code of the Philippines.

Can a foreigner open a business in Philippines?

It is a common misconception that foreigners cannot own their businesses in the Philippines. However, if your domestic market business has a minimum paid in capital of US$200,000 or more, the equity cap can be lifted and foreigners can fully own their businesses.

How do I start a foreign LLC in Delaware?

To register a foreign LLC in Delaware, you must file a Delaware Certificate of Registration of a Foreign Limited Liability Company with the Delaware Division of Corporations. You can submit this document by mail, in person, or online.

What makes a Delaware LLC a foreign entity?

In Delaware, an LLC or Corporation is formed with the Delaware Division of Corporations. That will be referred to as your “domestic state.” Your business will be considered a “foreign entity” in states outside your domestic state (America has 50 different states and a couple extra jurisdictions).

Do you have to be an US citizen to own a company in Delaware?

You do not have to be an American citizen to form and/or operate a Delaware company. No. Delaware’s corporate law structure does not impose restrictions on ownership or management of a Delaware company by a non-resident of the United States.

How to file a certificate of incorporation in Delaware?

Certificates of Incorporation are for corporations. Certificates of Organization are for Limited Liability Companies (LLCs). There are two ways to file these documents with the Delaware Division of Corporations: by mail or online at the Delaware Division of Corporation’s website.

Can a non-US resident be a director of a Delaware LLC?

Can a Non-U.S. Resident Be an Officer or Director of a Delaware Corporation? Yes, the state of Delaware permits foreigners to act as officers or directors of a Delaware corporation. Delaware also allows foreigners to act as members of a Delaware LLC.