Company registration in Philippines

Name of service Bronze Silver Gold Platinum Brilliant
Company name verification and reservation in SEC ( Securities and Exchange Commission ) Verifying the availability and reserving of your preferred company name in the registry (Securities and Exchange Commission)
Company registration as Domestic Corporation in SEC including government fees Preparation and submission of all required documents and fees to the relevant government authorities for company registration, ensuring a streamlined process for our clients
Memorandum of Association Preparation of the memorandum of association, which defines the procedure for the creation of the company; the authorized capital of the company; the size and nominal value of the shares of the founders, as well as the order of payment
Minutes of the meeting of directors of the company Document preparation necessary for the legal registration of directors within the company structure
Certificate of incorporation Provision of international standard certificate of incorporation for your company
LGU number registration (Local Government Unit) LGU (Local Government Unit) in the Philippines is the local government unit responsible for the administration and delivery of government services at the municipal or city level. LGUs include municipalities, cities, and provinces. They have authority over land use, health, education, transportation, urban planning, and other areas. LGUs play an important role in developing and supporting local communities, providing them with necessary services and management at the local level
Registering a BIR number (Bureau of Internal Revenue) The BIR in the Philippines is a tax collection agency that collects taxes and enforces tax laws. It collects taxes on income, VAT, and other liabilities. The BIR plays an important role in financing the government and conducts audits to combat tax crimes
Assistance in obtaining DST number (Documentary Stamp Tax) Documentary Stamp Tax is a tax on documents, instruments, loan agreements and papers evidencing the acceptance, assignment, sale or transfer of an obligation, right or property incident
Reports on activities after the creation of the company "Post company reports in the Philippines" is a service provided to ensure transparency and compliance with local requirements. This includes reporting of finances, taxes and other data
SSS, PHILHEALTH and PAG-IBIG registration "SSS (Social Security System) in the Philippines is a national social security system that provides retirement, health and other social benefits to workers in the private sector. PHILHEALTH (Philippine Health Insurance Corporation) is a government agency that provides public health insurance, which provides access to health care services and payment for medical treatment in the Philippines. PAG-IBIG (Home Development Mutual Fund) is a fund that provides financial support for the construction or purchase of homes and real estate loans for Filipinos. It also offers savings and investment programs for future pensions and financial stability "
Assistance in opening a corporate account in Banco de Oro (BDO), Metrobank, Bank of the Philippine Islands (BPI) Collection, processing and filing of documents required for opening a corporate bank account, including consultation on the choice of appropriate jurisdiction
Assistance with a VAT number obtainment Assistance in obtaining a VAT number for your company
Apostilled and Translated company documents Apostille certification and consular legalization of documents, depending on the country of operation
Local Secretary in the Philippines for 1 (one) year Provision of a local secretary for your company. This means we provide you with a local contact person who will ensure communication between you and the authorities, banks or other parties in Philippines. The contact person can help you with translations, receiving and forwarding official documents, representing your company and general administrative support. This gives you confidence and convenience in communicating and interacting with government agencies and institutions
Local Treasurer in the Philippines for 1 (one) year We provide а Local Treasurer in the Philippines who will be government official responsible for managing the financial affairs of a local government unit (LGU). They are tasked with collecting revenue, handling disbursements, and ensuring the proper management of funds within the LGU
Free Consultation We offer a free consultation where you can discuss your needs and questions regarding company registration and management. Our experts will be happy to help you understand the process and provide guidance based on your situation. We are happy to answer your questions and help you make an informed decision about the services you need
Total cost
2900 EUR 3900 EUR 4700 EUR 5600 EUR 10000 EUR
Provision of a legal address for 1 (one) year
1000 EUR 1000 EUR 1000 EUR 1000 EUR 1000 EUR
Remote company registration with transfer of authority
300 EUR 300 EUR 300 EUR 300 EUR 300 EUR
Accounting services
190 EUR 190 EUR 190 EUR 190 EUR 190 EUR
3000 EUR 3000 EUR 3000 EUR 3000 EUR 3000 EUR
800 EUR 800 EUR 800 EUR 800 EUR 800 EUR

Deal of the month

If you will register a company until 30 September,
opening a bank account is for FREE

6 easy steps to get started
  • 1

    Select your
    preferred jurisdiction

  • 2

    Choose a bank
    that meets your
    company's needs

  • 3

    Pay for our services
    using a convenient
    payment method

  • 4

    Receive all necessary
    corporate documents

  • 5

    Receive details
    for your newly opened
    bank account

  • 6

    We'll deliver the original
    documents directly
    to you

The Republic of the Philippines is located in Southeast Asia, making it a convenient strategic springboard for international trade and commerce. Its stable economy, sizable domestic market, and loyal policies to attract foreign investment make it a natural magnet for global capital. Non-residents can take advantage of these advantages by setting up a company in Manila or any other city in the Philippines. The English-speaking language environment and the high level of literacy of the local population make it easy to do business. Registering a company in the Philippines is a promising prospect and greatly enhances business opportunities.

Advantages of registering a company

  • favorable tax and investment rules;
  • convenient geographic location;
  • low labor costs;
  • well-developed infrastructure;
  • large domestic market.

Main forms of legal presence and doing business

  • Domestic Corporation (DP);
  • One Person Corporation (OPC);
  • Philippine Branch Office (PBO);
  • Philippine Representative Office (PRO);
  • Regional Headquarters (RHQ);
  • Regional Operating Headquarters (ROHQ).

A local corporation is one of the most common forms of business among foreigners. Establishing a company in the Philippines as a DP gives entrepreneurs similar advantages as an LLC or PLC. However, not all such firms are allowed full foreign ownership. In addition, there are different requirements for the minimum amount of share capital.

Foreigners who own an existing foreign enterprise may open a business in the Philippines as a subsidiary or a branch. In this case, the company will be considered local. If the income from export operations exceeds 60% of gross sales, such an entity may be called an Export Enterprise under the Foreign Investments Act.

Registration procedure

  • reserve a unique name with the Securities and Exchange Commission (SEC);
  • register a business in the Philippines with the SEC;
  • obtain a barangay admission (the smallest administrative unit in the country) and a business permit from the Local Government Unit (LGU);
  • receive a certificate of incorporation from the Bureau of Internal Revenue (BIR);
  • to open a bank account;
  • obtain the necessary licenses and permits to run a business.

Legislation and regulatory environment

The main legal act regulating the activity of entrepreneurs in the country is the Foreign Investment Law. In addition, before establishing a company in the Philippines, an entrepreneur should read the Foreign Investment Negative List (FINL), which imposes restrictions on the participation of foreigners in certain areas.

The Corporate Code includes information on the regulatory mechanisms for companies and the distinguishing features of various company types.

The Intellectual Property Code of the Philippines defines the registration of patents, trademarks, and copyrights.

The National Internal Revenue Code (NIRC) contains essential information on the payment of taxes. The Local Government Code of the Philippines governs local taxation.

The state protects resident businesses from unfair foreign competition and trade practices, as the Philippine Constitution states.

Tax system

  • corporate tax - 25%;
  • PIT - 35%;
  • VAT - 12%;
  • tax on dividends - 0% (for residents), 15%, or 25% (for non-residents).

To set up a company in the Philippines, it is crucial to have a deep understanding of the local taxation system. This is because certain exemptions and incentives can significantly reduce the tax burden on your business. For instance, export-oriented companies or involved in strategic activities under the Strategic Investment Priorities Plan (SIPP) can benefit from preferential treatment. Specifically, they can receive corporate tax exemptions for a duration of 4 to 7 years, followed by special tax conditions in the form of:

  • reduced duties on capital equipment, spare parts, and accessories;
  • exemptions from port fees, export taxes, and charges;
  • deductions from taxable income;
  • zero rates of VAT.

Buying a company in the Philippines is much more profitable if it is located in one of the special economic zones, of which there are several in the country (PEZA, SBMA&CDC, ZEZA, PIA, ASEZA). The tax preferences applicable in these territories differ depending on the nature of activities and the place of commercial registration.

Open a business in the Philippines: how Prifinance lawyers can assist

The Republic of the Philippines has created an attractive environment for foreign investors to conduct successful business there. However, to take advantage of all the available benefits, it is necessary to study the specifics of local organizational forms and learn about their opportunities. Besides, the business owner has to understand existing restrictions on types of activities and specifics of taxation.

Prifinance lawyers will support you to buy a business in the Philippines or create a new company per your interests. We provide client-oriented solutions, assist with the paperwork and organization of the start-up. In addition, our specialists can be entrusted with annual company maintenance and accounting.

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