A Philippines Corporation is largely divided into 2 categories
100%
Domestic Corporation
Requirements
- 2 Persons upto 15
- TIN number for all incorporators
Except for foreigners
- Business Address
- Minimum Paid Up Capital USD200,000
For general business models that do not fall under special laws
- Timeline: 45-60 Days
Fast Track Option Available
PHP35,000
Allowed to be in business in most industries.
Domestic Corporation
with Minor Foreign Share
Requirements
- 2-15 shareholders with a mix of foreign shareholders
- The total share combined must not exceed 40%
If there's multiple foreigners
- The ratio of shareholders must always be 2 Filipino to 1 Foreign national
- Minimum Paid Up Capital PHP5,000
For general business models that do not fall under special laws
- Timeline: 45-60 Days
Fast Track Option Available
PHP35,000
Click here to see list of Industries with Restriction on Foreign Shareholders.
There are some specific industries where the Philippines Government prohibits corporations that have Foreigner Equity to be part of. For example: Small Scale Mining or Mass Media. Please check the Negative List published on the Philippines Government Gazette.
A Philippines Domestic Corporation Needs
- At least 2 shareholders, majority residing in the Philippines.
- Must elect at least 4 officeholders — President, Corporate Secretary, Treasurer and Compliance Officer.
- The Corporate Secretary must be a citizen of the Philippines while the Treasurer must be a resident of the Philippines.
What You'll Need to Incorporate your Company in the Philippines?
- Formal Business Address.
You cannot use residential address to incorporate your company with SEC in the Philippines.
- Preferred Company Name
Please prepare 3 options.
- Names and Details of the Shareholders and the elected Officeholders
Contactless Company Incorporation Service NOW Available
If you are not available to visit us at our office here at Bonifacio Global City, we can courier the documents to your home for your sighting and signatures and pick up the document from you the following day.
The timeline to incorporate company in the Philippines
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3 Days
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2 Days
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1-2 Days
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25 Days
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7 Days
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Contact Company Incorporation Team
(Makati & BGC)
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