Comparison of Corporate Legal Systems Between China and the Philippines
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The philippines is an economic open country, since the philippine president duttle officially signed the amendment to the company law, the country has actively encouraged foreign investment in the local, and more open and free in the construction of the company's legal system. Even in the Philippines, the establishment of a one-person company has been allowed to remove the minimum registered capital limit, allowing companies to use electronic data information and e-mail notifications to change the company's life span from the previous 50 years to a permanent one. It can be seen from the construction of legal system that the Philippines is very different from our country in the construction of corporate legal system.
Corporate Legal System, Philippines, Common Ground, Similarities and Differences, Legislative Model, Types of Companies