A Branch Office is a foreign organized corporation that registers in the Philippines under existing foreign laws. A branch office can carry out business activities of the foreign head office and derives income from with in the Philippines.

It is a perfect company structure for foreign companies wishing to transact in the Philippines but not wanting to register a domestic corporation. Since no new organization is being created 100% ownership of the branch office belongs to the foreign entity.

Similar to a Representative Office except it can earn income.

Triple i Consulting can help to greatly reduce the registration time in setting up your office. Contact Us to Register your Branch Office.

Triple I can set-up your Branch office in the Philippines:

Total Registration Process is 1-2 weeks

Check out the Investor Incentive Programs to see benefits for setting up a business in the Philippines, and Philippines Investment Resources to see all the resources available for investors.

Requirements for a Branch Office

• Name Verification to be completed by Dept of Trade and Industry DTI.

• Submission of Board Resolution authorizing the establishment and creation of the branch office in the Philippines. The board resolution must be translated into English and approved by the Philippines Embassy in the home country of the foreign corporation.

• Submission of financial statements of the parent company certified by a CPA and approved by the Philippines Embassy in the home country of the foreign corporation.

• Authenticated copy of the Articles of Incorporation and By-Laws approved by the Philippines Embassy in the home country of the foreign corporation submitted to Philippines Securities and Exchange Commission (SEC).

• Resident Agent for the branch office (should be a resident of the Philippines).

• Certification of inward remittance for minimum paid-up capital.

- 200,000 USD

- Can be reduced to 100,000 USD if utilizing advanced technology or employing more than 50 persons.

• Licenses and clearance from necessary government offices

• Filing of Tax Identification Number TIN with Bureau of Internal Revenue BIR.

• If employing individuals must register with government offices.

• Business permit and Mayor's License for city of operation.

Procedure

• Secure reserved name for branch office from DTI

• Present accomplished forms/docs for pre-processing at SEC

• Present Verification from local bank of minimum paid up capital in trust account

• Present Registered Agents Appointment

• Pay filing fees to cashier

• Claim Registration from records division from Records Division

• Complete licensing with all applicable government agencies.