Starting a business in the Philippines
Starting a business in the Philippines is simple with our Company Registration services to foreign entities seeking to set up operations in the Philippines. We offer end-to-end assistance from company incorporation, corporate secretarial work and corporate housekeeping to application for secondary licenses/permits, corporate restructuring, and general compliance work.
When starting a business in the Philippines, we help our clients choose the right type of business entity to register, whether their purpose is to generate income or establish their back office in the country. We also assist them in evaluating the following:
- ownership structure
- capital requirements on the industry to engage in
- need for special or secondary licenses/permits (if they intend to engage in regulated industries)
- location of business
- staffing requirements to assess the approximate size of their office space and facilities
Types of Business Entities for Foreign Investors
Foreign entities looking to start a business and set up a company in the Philippines can choose among six types of legal entities:
For foreign investors seeking to establish a local company:
- Domestic Corporation
- One Person Corporation
For existing foreign corporations seeking to expand operations in the Philippines:
- Branch Office
- Representative Office
- Regional Headquarters (RHQ)
- Regional Operating Headquarters (ROHQ)
When doing business in the Philippines, you will realise that all types of corporations in the country can only start their business operations after registering with the Securities and Exchange Commission (SEC) — the government agency mandated to regulate and supervise existing corporations in the country.
Domestic and One Person Corporations are required to obtain a Certificate of Incorporation and a Certificate of Registration from the SEC. A Certificate of Incorporation legitimizes its existence as a corporation organized and existing under Philippine laws. A Certificate of Registration authorizes it to engage in business within and outside the Philippines.
Foreign corporations seeking to do business in the Philippines are required to obtain a License to Do Business from the SEC before starting their operations.
Generally, corporations with foreign equity are allowed to set up businesses in the Philippines, except in areas of investment partially or wholly exclusive to Filipino entrepreneurs. For a complete list of the areas of investment restricted to foreign enterprises, please click here.
Also, existing foreign corporations are required to appoint a Resident Agent who will receive summons and legal proceedings served to their corporation in the Philippines. The resident agent can be a foreigner or a Filipino citizen.
Domestic Corporation
Similar to a Limited Liability Company (LLC), a Domestic Corporation (or Subsidiary Corporation if with foreign equity) is the most common type of corporation in the Philippines. Its legal entity is separate from its shareholders and must have at least five incorporators, who must be natural persons of legal age and subscribers of at least one share of capital stock in the corporation.
This type of corporation is required to obtain a Certificate of Incorporation and a Certificate of Registration from the SEC. A Certificate of Incorporation legitimizes its existence as a corporation organized and existing under Philippine laws. A Certificate of Registration authorizes it to engage in business within and outside the Philippines.
There are three types of domestic corporations in the Philippines:
- 100% Filipino-owned Domestic Corporation
- 60% Filipino-owned and 40% Foreign-owned Domestic Corporation
- 40% to 100% Foreign-owned Domestic Corporation
The minimum capital requirement of a domestic corporation will depend on its source of revenue, which can be any of the following:
- Export-Market Enterprise– if at least 60% of the company’s revenues are generated from overseas, the minimum paid-up capital is US$100.
- Domestic-Market Enterprise– if more than 40% of the company’s revenues are generated within the Philippines, the minimum paid-up capital is US$200,000.
Related: How to Set Up a Domestic Corporation in the Philippines »
One Person Corporation
A One Person Corporation (OPC) is a type of corporation with a single stockholder who shall also be the sole director and president. It offers the full authority and control of a sole proprietorship and the limited liability of a domestic corporation, an ideal setup for aspiring entrepreneurs planning to run a corporation on their own without the associated risks of incurring personal liabilities and having business partners.
The single stockholder (also known as incorporator) can be a natural person of legal age, a trust or an estate. Under applicable laws, the trust does not refer to a trust entity, but to the subject being managed by a trustee.
Similar to a Domestic Corporation, an OPC is also required to obtain a Certificate of Incorporation and a Certificate of Registration from SEC.
A foreign natural person can set up an OPC, provided they engage in areas of investment not restricted from foreign participation.
Unlike other types of corporations, an OPC is not required to have a minimum authorized capital stock, except as otherwise provided by law. Further, unless stated by applicable laws or regulations, no portion of the authorized capital is required to be paid up at the time of incorporation.
The single stockholder is required to designate a nominee and alternate nominee who shall be indicated in the Articles of Incorporation to replace the single stockholder if they die or become incapacitated to operate the OPC.
Related: How to Register an OPC in the Philippines »
Branch Office
A Branch Office is a revenue-generating entity that carries out the business activities of its foreign parent company into the Philippines. It does not have a separate legal entity from its parent company and its liabilities are incurred by the head office from abroad.
The minimum paid-up capital of a branch office is US$200,000.00, but can be reduced to the following:
- US$100,000.00 (if it will engage in business activities involving technology or employ at least fifty [50] direct employees)
- US$100.00 (if it seeks to be an Export-Market Enterprise that generates income overseas)
Related: How to Set Up a Branch Office in the Philippines »
Representative Office
A Representative Office is a non-income generating entity that can be set up by a foreign company in the form of a back office or contact center where they can delegate their administrative and technical operations, such as following:
- promote company services/products
- facilitate client orders from abroad
- perform quality control of products for export
It does not have a separate legal entity from its foreign parent company and its liabilities are incurred by the head office from abroad. As a non-income generating entity, it is not allowed to offer services to clients or third parties in the Philippines.
The minimum capital requirements of a representative office are US$30,000.00, which shall be annually remitted by the parent company to support operating expenses.
Related: How to Set Up a Representative Office in the Philippines »
Regional Headquarters (RHQ)
Similar to a Representative Office, a Regional Headquarters (RHQ) is a non-income generating entity that can only be set up by foreign corporations with subsidiaries, branches, and/or affiliates worldwide. It can be established in the form of a contact center or back office to supervise, inspect or coordinate the administrative functions of the aforementioned entities.
Under conditions allowed by law, it may source raw materials, market products, train employees, and/or conduct research and development in the Philippines.
It does not have a separate legal entity from its parent company and its liabilities are incurred by its head office from abroad.
Under Philippine laws, an RHQ is not allowed to perform the following:
- generate income or offer services to third parties in the Philippines
- manage the operations of its subsidiaries, branches, and/or affiliates
- deal directly or do business with its clients in the Philippines
Its parent company is also not permitted to sell or market products through the RHQ office.
The minimum capital requirement for setting up an RHQ is US$50,000.00, which shall be annually remitted by the parent company to support operating expenses.
Related: How to Set Up a Regional Headquarters in the Philippines »
Regional Operating Headquarters (ROHQ)
Similar to a Branch Office, a Regional Operating Headquarters (ROHQ) is a revenue-generating entity that carries out the business activities of its foreign parent company into the Philippines. It can only be set up by foreign corporations with affiliates, subsidiaries, and/or branches worldwide, in the form of a service center for the entities owned by the parent company.
An ROHQ does not have a separate legal entity from its parent company and its liabilities are incurred by its head office from abroad.
Under Philippine laws, it is not allowed to directly or indirectly solicit or market goods/services on behalf of its parent company, subsidiaries, branches, and/or affiliates. It is also prohibited from offering qualifying services to third-party enterprises other than its associated entities.
To support its annual operations, the parent company is required to remit at least US$200,000 every year.
2022年菲律宾留学签证申请材料及流程
什么是菲律宾假的9G签证怎么判断？
什么签证适合我在菲律宾发展？
PHILIPPINES 47A2 Special Non-Immigrant Visa SERVICE
PHILIPPINES Pre Approved Visa Processing Immigrant Visa SERVICE
PHILIPPINES Regional Headquarters non Immigrant Visa SERVICE
Philippines Special Work Permit SWP SERVICE
PHILIPPINES 9A Non-Immigrant Visa SERVICE
PHILIPPINES 9D Treaty Trader Visa SERVICE
PHILIPPINES 9G Pre-Arranged Employment Visa SERVICE
PHILIPPINES Alien Employment Permit SERVICE
PHILIPPINES Special Investor’s Resident Visa SERVICE
PHILIPPINES Special Resident Retiree’s Visa SERVICE
It’s Business Permit Renewal Time for 2022 PHILIPPINES
PHILIPPINES Business Structures and Entities SERVICE
PHILIPPINES Office Setup Services
PHILIPPINES Human Resources Consulting SERVICE
PHILIPPINES Call Center and BPO Setup SERVICE
PHILIPPINES Recruitment & Executive Search Services
PHILIPPINES Tax Incentive Programs SERVICE
PHILIPPINES Corporate Compliance SERVICE
PHILIPPINES Permits and Licenses SERVICE
PHILIPPINES Labor Consulting SERVICE
PHILIPPINES Setting-Up a Representative Office SERVICE
PHILIPPINES Forming a Corporation service
PHILIPPINES Visa and Immigration Service
PHILIPPINES Sole Proprietorship Business Setup
PHILIPPINES Setting-up a Business Partnership service
PHILIPPINES Establishing and Registering a Branch Office service
Setting Up a Philippine Representative Office service
PHILIPPINES Regional Headquarters service
PHILIPPINES FDA License to Operate SERVICE
PHILIPPINES FDA Certificate of Product Registration
PHILIPPINES FDA Clinical Trials SERVICE
PHILIPPINES Payroll Outsourcing Services
PHILIPPINES Outsourced Bookkeeping Services
PHILIPPINES Auditing Services
PHILIPPINES Tax Consulting SERVICE
PHILIPPINES Environmental Compliance Certificate SERVICE
PHILIPPINES Environmental Impact Assessment
PHILIPPINES Environmental Permits SERVICE
PHILIPPINES Environmental Pollution Control Cases
PHILIPPINES Self-Monitoring and Compliance Reporting
PHILIPPINES Permits and Licenses SERVICE
菲律宾MCL-21 MCL21签证换卡服务菲律宾移民局ICARD换卡
菲律宾二手车销售买卖合同 和注意的问题
菲律宾汽车过户的方法LTO车管所
菲律宾怎么挑选二手车去哪里找，怎么交易？
什么是菲律宾汽车的motor vehicle clearance certificate (MVCC)和 PNP TMG clearance 还有HPG是什么 怎么办理？
菲律宾OR CR是什么 怎么 补办服务
什么是菲律宾汽车的HPG-QCPD Clearance Motor Vehicle Clearance 怎么办理？
菲律宾移民局身份证换卡特赦挂靠签证换卡服务菲律宾移民局ICARD换卡
菲律宾怎么办理长久签证和永久签证？
菲律宾保关流程是什么？怎么菲律宾入境急救保关？做到入菲律宾万无一失
怎么申请菲律宾工签和工作许可证AEP？
菲律宾如何挑选汽车和二手车？
怎么在菲律宾远程开银行账户？
菲律宾银行账户开户服务
菲律宾房产证多久能拿到？怎么样过户服务。
菲律宾房产相关的费用有哪些?怎么过户和买卖
菲律宾如何申请通讯运营商执照牌照？菲律宾运营商牌照申请服务
菲律宾施工许可证建筑许可资质证书PCAB申请服务
2022年如何办理菲律宾房产过户手续，过户需要什么文件，房产过户服务中介
菲律宾LTO驾驶证换证服务
在菲律宾驾驶证过期了怎么办？菲律宾驾驶证不给更新怎么办？LTO驾驶证中介
菲律宾驾驶证中文翻译，如何用中国驾驶证换菲律宾驾驶证？
国内驾照换菲律宾驾照可以吗？需要什么材料？
LTO中国驾照换菲律宾驾照详细教程
中国驾照换菲律宾驾照，我可以告诉你“理论上”的攻略，但可是 …
菲律宾外国人独资企业注册服务Sole Proprietorship Business Registration
菲律宾食品药监FDA注册服务FDA Registration Services in the Philippines
菲律宾公司类别COMPANY FORMATION IN THE PHILIPPINES: OPTIONS FOR COMPANY INCORPORATION
菲律宾外资控股企业类型和服务Foreign Ownership in the Philippines
菲律宾博彩菠菜公司注册拍照挂靠服务Online gaming operators service
菲律宾机场移民局入境被限制被卡怎么保关救人？
菲律宾环球会计师税务所
菲律宾二手车怎么检查验车和过户？怎么选菲律宾二手车
菲律宾汽车年检年审怎么申请怎么办理？
缅甸入境批文怎么办理？菲律宾怎么去缅甸？
菲律宾入境保险是什么？怎么办理？如何购买菲律宾入境保险
菲律宾9D签证-贸易投资签证是什么 怎么办理？
和菲律宾人结婚有什么规定，能不能直接入籍？申请什么签证
什么是菲律宾小黄本 如何申请菲律宾入境小黄本 检疫证书
瓦努阿图护照如何在菲律宾激活和使用？
With years of experience with business registration and exposure in the Philippine market, BGC and Co. CPAs can help your organization in choosing the best structure for your business endeavours.
BGC and Co. CPAs is a mid-sized progressive auditing firm providing comprehensive set of cost effective solutions to organizations like yours.
Our services include auditing, accounting, bookkeeping, business management, and HR consulting. Further, we provide other business services like VISA processing in Bureau of Immigration (BI), Philippine Retirement Authority (PRA).
We are equipped with state of art tools and techniques along with dedicated professional to evaluate potential opportunities and risks effective auditing and assurance services. We understand a value adding auditing and assurance service focus on scope of business improvement rather than merely preparing financial statements and reporting on figures.
The firm was formed to assist clients on the preparation of compliances relating to tax, financial management, forecasting and accounting software and system installation. Assist clients in tax investigations, internal auditing procedures and provide on financial, taxation, accounting and auditing matters when needed. Processing of business registration, cancellation / termination.
Our Mission
Deliver reliable cost effective professional services in time meeting specific customer requirements.
Our Vision
To become one of the best auditing and accounting firm in the Philippines providing the utmost satisfaction to all the clients. We would like to be known as one of the finest company to partnered with in all the aspects.
Our Team
Our teams of dedicated professionals led by senior qualified accountants are obliged to give you quality services which will enable you to serve your clients better and there by improve your business. We together with our associates enable to give you the best in the industry.
ABOUT OUR SERVICES
Auditing and Assurance
We are equipped with state of art tools and techniques along with dedicated professional to evaluate potential opportunities and risks delivering effective auditing & assurance services. We understand value adding auditing and assurance service focus on scope of business improvement rather than merely preparing financial statements and reporting on figures.
Our expertise in analyzing accounting systems, designing better systems with proper internal controls and management information reporting help our clients to adequately plan their business building strategy and give them the confidence to pace up with the rapidly growing economy.
Accounting and Bookkeeping
Accounting and bookkeeping is a necessity of every organization irrespective of its size. Our professionally qualified and experienced accountants understand and analyze business transactions and ensure compliance with the accounting standards. BGC has well trained staff familiar with many of the accounting system and most especially to the rapid changes in the BIR rules and regulations. Qualitative and timely accounting reports are crucial for the success of any business organization. BGC ensures relevant and reliable financial reports are delivered on regular intervals to assess performance and to facilitate decision making. Outsourcing of accounts department helps you to get professional expertise at lower cost and BGC provides the most efficient and effective bookkeeping solutions.
We assist you with below services:
• Accounts preparation and supervision
• Preparation and presentation of financial reports
• Bookkeeping services
• Payroll processing
• Training of accounting staff
Business Set-up and Termination
We do assist in setting up different types of business organizations through registrations to different government agencies such as:
• Securities and Exchange Commission (SEC);
• Bureau of Internal Revenue (BIR);
• Local Government Unit (LGU);
• Department of Trade and Industry (DTI);
• Social Security System (SSS);
• Philippine Health Insurance (Philhealth);
• Pag ibig;
• Food and Drug Administration (FDA)
We also assist our foreigner clients for the following:
• VISA extension;
• Bureau of Internal Revenue (BIR);
• 9g VISA;
• Special Resident Retiree’s VISA (SRRV)
• Social Security System (SSS);
• Passport Renewal
SERVICES
- Business Registration
- Immigration Visas
- FDA Consulting
- Accounting
CONTACT US
- Landline No:
- + 8403-0023
- Mobile No:
- + 0917 706 4545
- + 0917 886 9841
- + 0917 707 6469
ADDRESS
- 7TH FLOOR, PCCI CORPORATE CENTER, L.P. LEVISTE ST., SALCEDO VILLAGE, BRGY. BEL-AIR MAKATI, PHILIPPINES 1209
- Info@bgcco.ph
- lconvento@bgcco.ph
- Working Hours : 8:00 a.m - 5:00 p.m
PROFILE
- About Us
- Contact Us
