There is a common misconception that Philippine Corporations are restricted from full ownership of foreign nationals. This is simply incorrect.
Certain industries, such mass communication, firearms, and others are limited to amounts of foreign ownership as listed in the Foreign Investment Negative List
Other than that almost 100% foreign equity is allowed in every business (I say almost 100% because you are required to have a Filipino Corporate Secretary and you must give them 1 share of stock to hold the position but let's say 99.99% foreign owned)they however require increased paid-up capital required for companies that are more than 40% foreign owned. This is usually 200,000.00 USD but can be reduced on several grounds.
