What are the Minimum Setup Requirements to Register a Company in the Philippines?
The Philippines does not distinguish the type of business structure as Limited Liability and
Private Limited. They have a Domestic Corporation which is similar to a Limited Liability.
The requirements for a Domestic Corporation are:
2 to 15 initial directors or incorporators, majority must be residing in the
Philippines
Must consist of at least 4 officeholders – President, Corporate Secretary, Treasurer
and Compliance Officer
*The Corporate Secretary must be a citizen of the Philippines while the Treasurer
must be a resident of the Philippines.
A Domestic Corporation can have foreign equity and it is sectioned into 3 categories,
namely:
0% Foreign Equity (100% Filipino owned)
<40% Foreign Equity
>40.01% Foreign Equity
The minimum capital requirement is also dependent on the level of foreign equity within a
Domestic Corporation.
0% Foreign Equity → PHP 5,000/ USD 100
<40% Foreign Equity → PHP 5,000/ USD 100
>40.01% Foreign Equity → USD 200,00
*Companies that employ at least 50 Filipino employees must have a minimum capital of
USD 100,000.
Articles of Incorporation
Written Rules/ By-Laws
Treasurer’s Affidavit (written form of approval)
Proof of Address for Place of Business
2 Valid IDs of Shareholders
Tax Identification Number (TIN) of a local shareholder
Official passport copies of foreign shareholders
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