Virtual businesses owned by foreign corporations | KPMG | PH
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Virtual businesses owned by foreign corporations - Are they doing business in the Phl?

Virtual businesses owned by foreign corporations

by Betzy C. Nuevo

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virtual businesses owned by foreign corporations

We are now in the information age, and experiencing an era of quick-evolving technology. With such evolution, many types of businesses arose. From the traditional set-up requiring the physical presence of both the suppliers and customers, we can see nowadays that sales occur even without such physical presence. Examples of such businesses are online gaming, online stores, and business process outsourcing. These newly developed arrangements are widely exploited by businesses, including foreign corporations. Thus, the question on when foreign online business may be considered as doing business in the Philippines becomes more relevant.

 

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