HONDA Philippines is a corporation classified as what, given its full ownership by Japanese nationals?

In the context of corporate classification, HONDA Philippines is considered a domestic corporation because it is incorporated in the Philippines and operates under the laws of that jurisdiction. The term "domestic corporation" typically refers to a company that is formed and exists under the laws of the country in which it conducts its business.

Even though it is fully owned by Japanese nationals, the key factor is that it is established and registered in the Philippines. This ownership structure does not alter its classification as a domestic entity; instead, it may influence how it interacts with international laws and regulations or taxation.

Other classifications, such as resident or non-resident corporations, usually pertain more to taxation and the residency of the corporation's management or shareholders rather than its incorporation status. A foreign corporation refers specifically to entities that are formed under the laws of another country and operating in a different jurisdiction without local incorporation. Since HONDA Philippines is incorporated in the Philippines, it does not fit this definition, reinforcing its status as a domestic corporation.