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En tråd i 'Businesses - Services - Products' startet av Traveler 454, 3 Sep 2018.

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  1. SkipJack

    SkipJack DI Senior Member

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    Yes, retail trade enterprises with paid up capital in excess of US 2,500,000 can be owned by foreigners. As per the negative list:
    http://www.officialgazette.gov.ph/downloads/2018/10oct/20181029-EO-65-RRD.pdf
    I am sure an IKEA store has much more than US 2,500,000 invested in inventory alone.
     
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    SkipJack, 30 Mar 2019
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  2. Rye83

    Rye83 with pastrami Admin Secured Account Highly Rated Poster SC Connoisseur Veteran Army

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    Thanks. Hadn't looked for awhile. Nice to see they are opening it up. I believe that will only result in better products and (customer) services.
     
    Rye83, 30 Mar 2019
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  3. Chriscraft

    Chriscraft DI Member

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    It is actually IKANO that are holding the franchise as for most other outlets in the world! IKANO is basically an IKEA owned company. Phillipines was always considered a suitable market but domestic laws has been the obstacle. Same thing in Thailand until a couple of years ago when IKEA opened their first Thai operation south of BKK. There is also an IKEA warehouse in Phuket now. I am sure there will be "out-of-stock" items. Happens all the time even in Sweden.
     
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    Chriscraft, 31 Mar 2019
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