Book I — Pre-Employment
Article 28Capitalization.
PD 442 · Labor Code of the PhilippinesELI5 guide available
ELI5— what this means for you
All applicants for a license or authority to recruit must have sufficient capital as required by the Secretary of Labor. This prevents fly-by-night agencies.
Key point
Official text — PD 442
Capitalization.
All applicants for authority to hire or renewal of license to recruit are required to have such substantial capitalization as determined by the Secretary of Labor.
Source: lawphil.net (PD 442 as amended)
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