Address: 12F Sagittarius Building,
111, H.V. Dela Costa Street Salcedo Village, Makati City 1227
Tel: +63 (02) 856 9631
+63 (02) 551 9012-13
In the Philippines, where there is no Limited Liability Corporation (LLC), the closet entity would be a corporation – a set of separate juridical persons established under the Philippine Corporation Code and regulated by the Securities and Exchange Commission (SEC) of the Philippines. A corporation’s structure allows for the protection of the owners’ individual assets from that of the company, as it is an entity separate and distinct from that of the shareholders, whose liability in a corporation is limited to the amount of their share capital.
A Philippine corporation can be 100% foreign-owned, as long as it is not listed in the Philippine Foreign Investment Negative List (FINL). If a registered company is 60% Filipino-owned and 40% foreign-owned, it is considered a Filipino corporation. If it is more than 40% foreign-owned, it is considered a foreign-owned domestic corporation. This is important in transactions of land ownership, tax-incentive programs, and businesses with restrictions on foreign ownership.
Forming a corporation is a long process, and Triple i Consulting can walk your organization through all these procedures. We will ensure that your organization gets registered and incorporated quickly, without any unnecessitated complications.
A corporation is good for almost any business, with its complex structure protecting its members and shareholders. Triple i’s team of consultants and lawyers can guide your company through the complete incorporation process here in the Philippines.