A number of e-commerce players from other countries have been inquiring on how they can do business here in the Philippines. However, retail e-commerce is considered as subject to the provisions of Republic Act No. 8762 or the “Retail Trade Liberalization Act of 2000,” while e-commerce platforms setting up just their warehousing and distribution systems in the country may fall under the jurisdiction of the Securities and Exchange Commission (SEC).
For retail e-commerce, which is not capital-intensive, the minimum paid-up capital of US$2.5M for foreign enterprises is deemed too high.
There may be a need to issue Frequently Asked Questions (FAQs) to clarify which of the existing legislations or regulations are applicable for specific types of e-commerce businesses.