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Thread: How do I know that I am legally married to my filipina

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  1. #1
    Moderator fred's Avatar
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    If she is entitled to 50% trust me she will find me
    Hi Dopey... Mr Silly here.

    First off it might be a good idea to be more specific and explain what kind of business you intend to engage in here in the R.P.
    Strictly speaking, you are set to lose more than 50% of your business because to begin with you can only own 40% of a legally registered business according to Filipino law.. The other 60% will be controlled by your Filipino business partner..
    So... If your wife did turn up and believed that she was entitled to half your share (which I doubt she is whilst you are still married) she could only expect 20% share of the business... Anyway,in theory,if this scenario ever came to pass its not hard to calculate that if you provided 100% of the capital start up then you would have just lost 80% of it!!
    Do you yet know who your Filipino business partner is/are?

    Cheers,
    Mr Silly.


  2. #2
    Member dopey's Avatar
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    Quote Originally Posted by fred View Post
    Hi Dopey... Mr Silly here.

    First off it might be a good idea to be more specific and explain what kind of business you intend to engage in here in the R.P.
    Strictly speaking, you are set to lose more than 50% of your business because to begin with you can only own 40% of a legally registered business according to Filipino law.. The other 60% will be controlled by your Filipino business partner..
    So... If your wife did turn up and believed that she was entitled to half your share (which I doubt she is whilst you are still married) she could only expect 20% share of the business... Anyway,in theory,if this scenario ever came to pass its not hard to calculate that if you provided 100% of the capital start up then you would have just lost 80% of it!!
    Do you yet know who your Filipino business partner is/are?

    Cheers,
    Mr Silly.
    Sorry to be late in my replies...as I've not got 'privileges' I cant access my own page to see where and what posts I've made.
    I've sent an email to the mods but no response yet.

    Anyways
    No I dont know who my business partners are as yet, Business not yet set up, I was being hypothetical.
    I cant seem to find on the net where it can tell me what the 'ex' is/not entitled to after or indeed before the annulment.
    Whats worrying me is
    When I go back in 2014, I buy a house (Yes i know about not being able to own it outright etc etc)
    start a business (again Cheers Fred) and after say 4 years when i am successful and have franchised the business with marami outlets, and have 2 x homes....will she be entitled to anything I have built up


  3. #3
    Moderator fred's Avatar
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    Quote Originally Posted by dopey View Post
    Sorry to be late in my replies...as I've not got 'privileges' I cant access my own page to see where and what posts I've made.
    I've sent an email to the mods but no response yet.

    Anyways
    No I dont know who my business partners are as yet, Business not yet set up, I was being hypothetical.
    I cant seem to find on the net where it can tell me what the 'ex' is/not entitled to after or indeed before the annulment.
    Whats worrying me is
    When I go back in 2014, I buy a house (Yes i know about not being able to own it outright etc etc)
    start a business (again Cheers Fred) and after say 4 years when i am successful and have franchised the business with marami outlets, and have 2 x homes....will she be entitled to anything I have built up
    Im not sure what the legal position is after an annulment as the word means null and void and says basically that you were never married.. Ex wife? What ex wife?
    If you are in the R.P now,find a lawyer and tell us what he advises...
    Interesting stuff.
    Be careful about Filipino business partners BTW.. Usually they will plan to steal everything before year one.


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