Can a Foreigner establish a One Person Corporation?

The answer is yes.

Under Republic Act No. 11232, otherwise known as the Revised Corporation Code of the Philippines, which provided for One Person Corporation (OPC), a foreign natural person may put up an OPC, subject to the applicable constitutional and statutory restrictions on foreign participation in certain investment areas or activities.

A copy of the draft guidelines of the Securities and Exchange Commission (SEC) on OPC is attached hereto as