What does the Revised Corporation Code stipulate for foreign corporations?

The Revised Corporation Code explicitly stipulates that foreign corporations must register and comply with Philippine laws to conduct business within the country. This requirement ensures that foreign entities adhere to local regulations and standards, which is essential for maintaining a fair business environment and protecting the interests of consumers, employees, and other stakeholders in the Philippines. Registration also facilitates regulatory oversight, transparency, and accountability for foreign corporations operating in the Philippine market.

The process of registration typically includes submitting necessary documentation, such as proof of existence in the foreign jurisdiction, and compliance with the regulations governing foreign investments and business operations in the Philippines. This provision avoids any unregulated or illegal activities by foreign companies, ensuring they operate within the legal framework set by the Philippine government.