Identifying the activities that the foreign investor will undertake in the Philippines;

1.

Determining whether the proposed activities are subject to foreign equity restrictions and special licensing or registration requirements;

2.

Registering the appropriate corporate vehicle in the Philippines with the Philippine Securities and Exchange Commission (SEC), and subject to the applicable foreign equity restrictions, if any, for the proposed activities in the Philippines;

3.

Complying with the basic and mandatory post-SEC registration requirements with various government agencies, such as the local government unit with jurisdiction over the place of business, the Philippine Bureau of Internal Revenue (BIR), and employee-welfare agencies; and

4.

Obtaining the applicable special licensing or registration requirements for the proposed activity in the Philippines.

5.