Restaurants and other tourism-related establishments such as department stores and shops are governed by the laws on retail trade by reason of the nature of their business.
EXPLAIN THE FOLLOWING SENTENXE IN TAGALOG. DO NOT TRANSLATE, IT SHOULD BE WELL EXPLAINED
PARAGRAPH 1: Restaurants and other tourism-related establishments such as department stores and
shops are governed by the laws on retail trade by reason of the nature of their business. In the
past, operation and ownership of these establishments are confifi ned only to Filipino citizens or
to corporations and associations fully owned by Filipino citizens. By reason of the enactment
of the Retail Trade Liberalization Act 2000, foreign investors may now engage in retail trade
subject to capital requirements (refer to Chapter X, Laws Regulating Restaurants and Other
Tourism-Related Establishments).
Explanation: (Tagalog)
PARAGRAPH 2:
Discussion of the Law
The following sales transactions are exempted under the coverage of the Retail Trade
Liberalization Act of 2000 and are therefore allowed 100% foreign ownership participation:
(a) By a manufacturer, processor, laborer or worker, to the general public the products
manufactured, processed or produced by him if his capital does not exceed 5100,000.00;
(b) By a manufacturer of his products in a single outlet, irrespective of capitalization;
(c) In restaurants incidental to the hotel business.
Explanation: (Tagalog)
PARAGRAPH 3:
Application of the Law
Case: Mr. Chek O. Teng, a Chinese resident and citizen, wants to put up a fifi ne dining restaurant
West Avenue, Quezon City specialized in Macanese cuisine. If you are the lawyer appointed by
Mr. Teng to put up his business, what advice will you give?
Legal Opinion: As the lawyer of Mr. Teng, I will advise him that he has these choices:
1) He may register as a single proprietor at the Department of Trade and Industry subject to
the investment qualififi cations as prescribed under the Retail Trade Liberalization Act of 2000;
2) He may look for partners or incorporators and form a partnership or corporation under
Philippine Laws. However, the formation must be based on the limited 40% foreign
equity as prescribed under the Retail Trade Liberalization Act of 2000;
3) He may put up a restaurant incident to a hotel business in West Avenue, Quezon City so that
he will be exempted under the Retail Trade Liberalization Act of 2000. In this case, he may put
up a joint venture with an owner of a hotel business to pursue his restaurant business.
Explanation: (Tagalog)
NOTE: follow the indicated format where in tehre should be an explanation each paragraph in tagalog.
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