Corporations are separate juridical persons established under the Philippines Corporation Code and regulated by the Philippines Securities and Exchange Commission (SEC). They are an entity separate and distinct from that of the shareholders. The liability of the stockholders of a corporation is limited to the amount of their share capital. A corporation can either be stock which divides its dividends of profits based on the share structure or non-stock company which is organized principally for public purposes such as charitable, educational, and cultural, it does not issue stock.

In the Philippines there is no Limited Liability Corporation LLC, the closet thing would be a corporation. It's structure allows for protection to the owners of the company.

If a registered company is 60% Filipino owned and 40% foreign-owned, it is considered a Filipino corporation. If its more than 40% foreign-owned, it is considered a foreign-owned domestic corporation. This is important for transactions of land ownership, tax-incentive programs, and businesses that have restriction on the amount of foreign ownership allowed.

A Corporation is good for almost any business, with a more complex structure to protect it's members and shareholders. A Philippines corporation can be 100% foreign owned as long is it is not listed on the Philippines Foreign Investment Negative List.

For more information and to register a corporation in the Philippines Contact Us.

Triple i can set-up your Domestic Corporation 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

• Must consists of at least five (5) to fifteen (15) shareholders.

• Registration of Name with Dept of Trade and Industry DTI.

• If the Corporation has more than 40% foreign ownership submission of SEC form F-100.

• Registration of paid-up capital and affidavit from corporate treasurer.

- For 100% to 60% Filipino ownership minimum paid up is 100,000 Pesos

- For Foreign ownership the minimum paid-up is expected to be higher depending on the type of corporation registering.

• Licenses and clearance from necessary government offices

Procedure

• Secure reserved name from SEC 2nd floor

• Fill up articles of incorporation with director and company information.

• Present Articles of Incorporation to local bank for placement of minimum paid up capital in trust account

• Present Articles of Incorporation and Bank Certificate to CMRD Department of SEC 2nd floor.

• Pay filing fees to cashier

• Claim Registration from records division from Records Division

• Complete licensing with all applicable government agencies.

Contact Us for more information setting up a corporation in the Philippines