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Giovanni Totaro (Vanni)
owner

Discussion  - 
 
This is a community for and about Internet Startups.

RULES:
stay on-topic, write in English, choose the right category, don't just dump links.

Don't break the rules, or your post will be removed, and you'll probably be banned without notice. Especially repeat offenders.

Have fun! :)
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CEO SUITE

Startup news/updates/events  - 
 
Are you a foreigner or with a foreign-registered company planning to put up a business in the Philippines?

Here are some smart tips on foreign ownership/equity restrictions to get you started:

The Philippines has been traditionally known to restrict foreign ownership of companies to 40% of total equity only, with 60% equity reserved for citizens. The government, however, has initiated actions in the past to relax this rule in order to attract foreign investments to help grow the country’s economy.

This guide is intended to help prospective foreign investors and/or their local partners or agents to determine how much foreign equity is allowed in their line of business.

1. First thing to check: Foreign investment negative lists

The first law liberalizing foreign investments (Foreign investment act of 1991) resulted in the creation of a foreign investment negative list (FINL) that seeks to define restrictions on foreigner’s and foreign companies’ economic activities in the country.

The FINL is regularly updated and is now on its tenth revision to reflect new laws. The list is divided into two as follows:

Negative List A
Negative List B


2. Domestic Corporations and Subsidiaries
Up to 100% foreign ownership is allowed for domestic corporations that:

Are not part of the foreign investment negative lists
*Note that retail businesses (selling directly to consumers) with less than $2.5 Million in paid-up capital is listed under Negative List A.
Have at least the peso equivalent of USD $200,000 in paid-in equity capital.
This amount can be reduced to USD $100,000 if :
the enterprise employs 50 employees or
if it will be using “advanced technology”—to be determined by the Department of Science and Technology.


3. Retail Trade Enterprise
Retail Trade Enterprise are businesses that sell directly to consumers.

Under the law (RA 8762 - Retail Trade Liberalization Act of 2000) , up to 100% foreign ownership is allowed for retail trade enterprises for two categories of businesses:

Category A: Have a paid-up capital of USD 2.5 Million or more
Category B:Specializing in high end or luxury products, provided that the paid-up capital per store is not less than USD 250,000.00 (Sec. 5 of R.A. 8762)
Additional qualification requirements for foreign retailers can be found below:

Parent company with USD 200M net worth (USD 50M net worth for luxury brands)
At least 5 branches or franchises around the world OR at least one store capitalized at a minimum of USD $25M
Five year track record in retailing; and
Only nationals from, or juridical entities formed or incorporated in Countries which allow the entry of Filipino retailers shall be allowed to engage in retail trade in the Philippines.
Finally, all retail trade enterprises under category A that exceeds 80% foreign equity must list and offer a minimum of 30% equity in any stock market in the Philippines. This should be done within 8 years from the company’s start of operations.


4. Export Businesses
100% foreign ownership is allowed for export businesses, as long as it doesn’t fall under the negative lists. A business is considered as an export business if at least 60% of its output or sales are exported.

Call centers, BPOs, KPOs, back offices and similar businesses can all be considered as export businesses provided they adhere to the output rule.

Export businesses can also claim tax incentives via various laws (EO 226 / Board of Investments, PEZA law, and other economic zone laws)
We wish to remind the reader that this content should serve as a rough guide only and not to be used as proper legal advice. Please get in touch with an attorney to get specific advice for your situation.
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Tushar Bhargava

Introduce yourself  - 
 
Hi, I am the founder of https://scrap.me and we offer content discovery and user engagement tools for websites to get the better visitor to lead conversions.
Content Discovery & User Engagement toosl for your website. Increase registrations and conversions with our patent pending lead distribution & management services.
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Tushar Bhargava's profile photoLessons At Startup's profile photo
3 comments
 
Sure. Let me check and revert back to you.

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Tushar Bhargava

Interesting articles  - 
 
Why do you need an advance contact form with lead management for your website?
Why do you need a Contact Form on your website. Today, there are millions of different websites that are accessible on the Internet. But you may be surprised to learn how many of these sites don't make it easy for the people who view them to communicate with the individuals or entities that ...
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Keith Wigdor

Introduce yourself  - 
 
At this time, I am helping fund entrepreneurs and Startups with Startup Capital in the range of $1000 to $2 million dollars. If you need help in being funded to get your startup up and running, please give me a call EST, 1-347-328-8369...I can help you and I am funding many new startups that need help.
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Amara Keita's profile photo
 
I have a very innovative start up idea but I need funding to make the idea a reality. Email me at amarakeita00@gmail.com if you can help me raise pre seed fund. 
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Mamtha Vikas

Introduce yourself  - 
 
Do you have running business outside UAE? Would you like to expand that business in to UAE?

We are providing services and dedicated consultant. Feel free to ask for any assistance to set up any kind of company in Dubai. We specialize in formation of Trading LLC, General Trading, Free Zone companies formation, Offshore companies formation, also provide influential & helpful local sponsor.
Approvals from Government authorities.
Trade license.
Local Sponsors
Investor/partner Visa
Dependent (Husband/wife) visa
Company Immigration card.
Company labor card.
P.O Box and company Stamp
For Free Zone:
100% Foreign Ownership
100%Repatriation of capital
100%Repatriation of profits
Import Export Tax Exemption
Strategic locations
For more information you can contact:
Mamtha Vikas (consultant)
E: Mamtha.vikas@adamglobal.com
P: + 971 55 214 8054


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Oren Tovi

Interesting articles  - 
 
These simple adjustments can help you reduce CDN costs…
A CDN should be tuned and optimized to your particular needs. Customized CDNs will increase service performance and efficiency while also reducing the cost.
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Anubhav Aggarwal

Interesting articles  - 
 
How to align your startup concept with consumer needs? How to do reverse engineering on some idea? Here is a guidebook -

http://www.fuckedupstartups.com/fs-adviser/startup-idea-reverse-analysis-from-consumer-point-of-view/
Combination of forward & reverse analysis of startup idea gives the right direction for way forward. Read here about Startup Idea Reverse Analysis.
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Charles D

Online tools  - 
 
There are countless useful and free tools for small businesses. However, it makes sense to choose the tools that are best fit for your business.
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Lessons At Startup's profile photo
 
gone through your post. liked it. thanks for sharing
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Rahul Satyakam

Introduce your startup  - 
 
Hey all, great to join the community. If anyone is looking for web and app developers we would be glad to provide them an apt solution. We have experienced developers onboard from India due to which the best part is we would provide you quality at cheaper Indian rates. I believe this would be great specially for small businesses with financial constraints or even larger ones who are unwilling to pay much but still want professional work
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Kirti Khanna

Startup news/updates/events  - 
 
Are you looking for an affordable solution to solve all your business problems? A #toll-free number is a great solution. The Real PBX provides you an amazing deal that includes one toll-free number with 60 min/month of inbound/outbound calls all at free of cost.

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Mary Shulzhenko

Interesting articles  - 
 
6 Simple Steps to Create Memorable Live Chat Experiences

No doubt, live chat has many benefits not only to customers, but to businesses also. For live chat to be a success among your clients, it’s important to create memorable live chat experiences to make them want to use this service option again. Follow these 6 steps to be remembered by your customers:
This is a guest post by Maria Lebed, Customer Support Advocate and Writer at Provide Support. No doubt, live chat has many benefits not only to the customer, but to a business also. There are many …
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About this community

This is a community for and about Internet Startups. RULES 1) Stay on-topic 2) Write in English 3) Choose the right category 4) Don't just dump links Don't break the rules, or your post will be removed, and you'll probably be banned without notice. Especially repeat offenders. Have fun! :)

ATOSA M.

Introduce your startup  - 
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Mary Shulzhenko

Interesting articles  - 
 
What It Takes to Have a Best Performing Customer Service Team

These days your customer service team can win or lose your business, that’s why customer service is as important as any other department, such as sales or marketing. So what does it take to create a best performing service team? Here are 4 critical guidelines to follow: http://goo.gl/dHHS2M
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Quincy Smith

Interesting articles  - 
 
A few tips on how to get the most out of a touch base meeting when you're the employee:
http://visiplevc.com/blog/employee-touch-base-meeting
The touch base meeting is designed to help the employee - here are some things you can do to make sure you get the most of out them.
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Mary Shulzhenko

Interesting articles  - 
 
How to Deal with Employee Burnout in Customer Service

Burnout causes plenty of problems for businesses and leads to high job turnover, lower productivity and decreased engagement. And obviously, burned out employees provide less-than-stellar service to your customers. Here’s how to deal with employee burnout in customer service: http://goo.gl/UZMQNI
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Bhavish Shah

Startup news/updates/events  - 
 
Google buys API management company Apigee for $625 million http://buff.ly/2cwR9We
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Quincy Smith

Interesting articles  - 
 
We interviewed 8 digital nomads to see how they stay productive - this is what they said.
Remote work productivity is not an easy thing to achieve, but taking the time to set up each day in your favor makes it easier. I asked 8 digital nomads about their daily schedules and how they stay productive and this is what they said.
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Oursky Limited

Motivational/quotes  - 
 
Empowering video for working women. Ladies, don’t let anything stop you from shining! #quote   #motivationalquotes   #quotestoliveby  
Empowering video for working women. Ladies, don't let anything stop you from shining!
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