GOVPH

Observance of Non-Working Days for April 2019

The Philippine Consulate General in Frankfurt will be closed on the following day/s in April 2019 in observance of the Philippine/German holidays:

Philippine Holidays: 09 April, Tuesday - Araw Ng Kagitingan

                                 18 April, Thursday - Maundy Thursday

                                 19 April, Friday - Good Friday

German Holidays      22 April, Monday - Easter Monday

For urgent matters, please call the Consulate's Duty Officer Mobile number +4915162487425.

PH Participates in International Tourism Trade Fair 2019 in Berlin

PHOTO: Consul General to Frankfurt Evelyn D. Austria-Garcia (right), along with Vice Consul Fatima Mejilla C. Mueller (left), attended the opening of the Philippine booth at this year’s International Tourism Trade Fair in Berlin on 06 March 2019. The Philippine booth at this year’s Internationale Tourismus Börse (ITB) was designed by world-renowned Filipino designer Kenneth Cobonpue (center). (Frankfurt PCG photo)

Consul General to Frankfurt Evelyn D. Austria-Garcia (second from left, first row) conveyed to Tourism Secretary Bernadette Romulo-Puyat (third from right, first row) and Tourism Promotions Board Chief Operating Officer Marie Venus Q. Tan (third from left, first row) the efforts of the Philippine Consulate General in Frankfurt in promoting Philippine tourism in the areas under its jurisdiction. Some 20 private travel agencies from the Philippines participated in this year’s Internationale Tourismus Börse (ITB) Berlin. (Frankfurt PCG photo)

Consul General Garcia Meets with Stuttgart Community Leaders and Officials

Stuttgart, 15 March 2019 – Consul General Evelyn Austria-Garcia undertook a 2-day visit to Stuttgart from 11 to 12 March 2019 to meet with leaders of the Filipino community and business chamber representatives.  Stuttgart is the capital of the German state of Baden-Württemberg, one of seven states under the consular jurisdiction of the Philippine Consulate General in Frankfurt.

 Approximately 20 leaders of the Filipino-German community attended the dinner hosted by Consul General Austria-Garcia upon her arrival.  Joining the group was Dr. Axel Neuhmar, Philippine Consul a.h. to Baden-Württemberg, and Consular Assistant, Ms. Rhodaliza Capuno-Steegmaier.  The gathering was an opportunity for the Consul General to enumerate the Consulate’s planned activities for 2019 and listen to the concerns of community members.

Consul General Austria-Garcia (2^nd from right) and Dr. Neuhmar (seated 2^nd from left) meet with leaders of the Filipino-German community in Baden-Württemberg.

On March 12, Dr. Neuhmar welcomed the Consul General and her team to the Honorary Consulate, where they were apprised of the office’s consular work, the make-up of the Filipino community in Baden-Württemberg, and possible avenues for the further promotion of Philippine interests in the state.  An accomplished attorney specializing in commercial and corporate law, Dr. Neuhmar was appointed to the position in 2017.  He is ably assisted by Ms. Steegmaier.

Dr. Neuhmar, Consul a.h. (center), briefs officials of the Philippine Consulate in Frankfurt, led by Consul General Garcia of the work of the Honorary Consulate and its activities in Baden-Württemberg.

 Consul General Austria-Garcia also met with Messrs. Tassilo Zywietz and Julio Neto of the Foreign Trade Department of the Stuttgart Region Chamber of Commerce and Industry (IHK).  Discussions took place concerning the Philippine Government’s economic programs and the Consulate’s trade and investment promotion efforts this year.

Above photo shows (l-r) Mr. Julio Neto, IHK-Stuttgart Foreign Trade Department Deputy Head, Dr. Neumahr, Consul a.h., Consul General Austria-Garcia, Mr. Tassilo Zywietz, IHK-Stuttgart Foreign Trade Department Head,  and Deputy Consul General Emil Fernandez.

Later in the evening, Consul General Garcia attended a reception at the city’s Neues Schloss hosted by the Minister President of the State of Baden-Wurttemberg, Hon. Winfried Kretschmann, for members of the Consular Corps.  In his remarks, Minister President Kretschmann underscored the important role of foreign consuls in bridging differences and fostering understanding among peoples. 

Baden-Württemberg is Germany’s third-largest state, with an area of 13,800 square miles and 11 million inhabitants.  Regional statistics indicate the presence of approximately 3,700 Filipino residents in Baden-Württemberg.  The state is among the country’s most progressive, with small-and-medium enterprises dominating its economy.  It is also home to the headquarters of large business conglomerates such as Daimler, Porsche, Bosch and SAP. 

Briefer on the Revised Corporation Code

Announcement

28 February 2019

The Revised Corporation Code was signed into law by President Rodrigo Duterte on 21 February 2019. The Code amends and updates the 38-year old Corporation Code in an effort to reverse the decline in the Philippines’ ranking from 113 th to 124 th in the Ease of Doing Business Report of the World Bank.

The following are some of the notable changes made in the Revised Corporation Code:

1. INCORPORATORS: Removal of the minimum number of incorporators.
2. MINIMUM CAPITAL STOCK: Imposition of a Php 1,000,000.00 minimum capital stock on stock corporations. This effectively increases the minimum paid-up capital to Php62, 500.00.
3. CORPORATE TERM: Removal of the fifty (50)-year corporate term. This means that unless there is a provision in the Articles of Incorporation with regard to the term of corporate existence, the corporation will exist perpetually unless sooner dissolved.
4. ONE-PERSON CORPORATION: Allowance for a single person - whether natural or judicial – to organize and put up a corporation. However, this is subject to the requirement of a minimum capital stock of Php1,000,000.00 to be paid up in a lump sum at the time of incorporation.
5. CORPORATE OFFICERS: Chief Executive Officer is made the alternative title to the President and Chief Financial Officer is made the alternative title to Treasurer. Also, the inclusion of Compliance Officer as a mandatory corporate officer on top of the President/CEO, Treasurer/CFO, and Corporate Secretary.
6. BOARD MEETINGS: Allowance of remote communication methods in attending board meetings subject to provisions of the corporate by-laws.
7. NATIONALITY OF A CORPORATION: Formalization of the test in determining the nationality of a corporation, i.e. the control test.
8. REMOVAL OF A MEMBER OF THE BOARD OF DIRECTORS OR TRUSTEES: Empowering the SEC to remove disqualified members of the Board of Directors or Trustees.
9. DIGITAL MEANS: The new code introduces provisions permit the electronic filing of reportorial requirements and attendance in meetings via remote communication or in absentia, among others – practices that were not recognized in the old law.