Hi...I intend to travel to and live in the Philippines...With some filippino friends I want to form a company for a small business ..They will have 60% and myself 40% as per the law....However the companies success depends on the company being able to lease/hire from myself a vehicle and other extras .....I would own these and hire to the company at a minimal cost ....Now is this within the law of the Philippines as I own 40% of the company......As the business develops its my intention for the Company to take over ownership of the vehicle from me........I would be very grateful for any comment..
Thankyou
Ron .. New Zealand..