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What is the minimum capital for a foreign company to incorporate in the Philippines?

Minimum capital requirements for a company with foreign equity depend on two factors, namely, the nature of the business and the market for the business.  An export-oriented company needs only a minimum capital of P5,000.00; a company organized for the wholesale domestic market that is more than 40% foreign-owned is required to have an inwardly remitted capital of P250,000.00.  However, depending on the precise range of services your client may provide, we may recommend a business structure under Philippine law so that they may be able to establish their company presence in the Philippines.



What documents will be required to establish a company in the Philippines?

The foreign entity will need to register with the Securities and Exchange Commission (SEC) as a branch office or incorporate a wholly owned subsidiary.  The SEC requires for this purpose the submission of several documents, forms, and bank certificates of deposit.



What documents would be required to secure long term business residence permits?

Who will be working in the Philippines.  These visas will be secured in connection with the establishment of the local company for your client.  After incorporation of the Philippine company, we shall provide the Department of Foreign Affairs with the company's Certificate of Incorporation, its articles and By-laws, as well as the Secretary's Certificates that your client's officers are entering the country in connection with their work in the Philippine company.



What is the processing time for incorporation, business registration and securing of visa?

From the time that the capital requirements have been inwardly remitted to the Philippines, incorporation would take approximately three (3) weeks, business registration will take two (2) weeks, while securing a visa would take at least one (1) month.  Depending on the nature of business, we may also apply for secondary licenses required by the Philippines government for specific industries, which will have their own periods for registration.

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T. 02-557-3476
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