Australian companies are advised to spend time investigating the market, obtain professional advice where appropriate and thoroughly investigate the issues in entering the market and before establishing business relationships.
Australian firms wishing to operate in this country should commit to the highest level of corporate behaviour and familiarise themselves with Australia's laws and penalties pertaining to bribery of foreign officials.
Bribery of foreign public officials is a crime. Australian individuals and companies can be prosecuted in Australia for bribing foreign officials when overseas. Further information on the regulations governing bribery of foreign public officials is available.
For further information on frauds, scams, personal and asset security, intellectual property protection and other business risks please read more about legal issues.
Intellectual property protection
As part of a market entry strategy, Australian companies should do an intellectual property (IP) audit and be acquainted with how best to protect their IP rights in the Philippines. For more information visit the IP Australia and the Intellectual Property Office of the Philippines websites.
Dispute resolution in the Philippines need to be handled by an appointed local legal advisor who has been given the license to practice Philippine law. Austrade Manila can refer professional service companies that specialise in this area.