There are several types of companies that can register a company in the Philippines

Updated on Financial 2024-02-28
16 answers
  1. Anonymous users2024-02-06

    There are two general types:

    2. Joint ventures. In general, the minimum registered capital of a Philippine company is 20,000 pesos. A minimum of 5,000 pesos is required.

    In the Philippines, the local holding should be above the average, and the maximum foreign investment can only be 40%. The company requires about 10 partners, and at least 5 people, so to register a joint venture company, you must find a reliable and reputable partner in the Philippines.

  2. Anonymous users2024-02-05

    After March 1, 2014, the reform of the industrial and commercial registration system was rolled out nationwide, and the specific measures affecting the cost of registering a company include:

    1. Change the paid-in registration system of registered capital to the subscription registration system. The subscription period is long-term, and the amount of subscribed capital contribution, the method of capital contribution, and the term of capital contribution are stipulated in the articles of association.

    2. The restriction that the minimum registered capital of a limited liability company (including one person) and shares should be 30,000 yuan, 100,000 yuan, and 5 million yuan respectively has been cancelled; The ratio of initial capital contribution and the ratio of monetary capital contribution will be abolished.

    3. Simplify registration items and registration documents. When the company is registered, it is not necessary to issue a capital verification report.

    4. Cancel the production cost of the tax registration certificate;

    5. Temporarily exempt from industrial and commercial registration fees;

    Generally speaking: it is to cancel the capital verification, theoretically in the registered company 0 yuan can apply for a business license, but in fact it is still necessary to subscribe to some registered capital, after all, the business license does not reflect the registered capital is difficult to win the trust of customers, we suggest: the minimum subscription capital of the service industry is 100,000 yuan, the minimum subscription capital of the sales company is 500,000, and the subscription period is 20 years.

    Information required for company registration.

    1.Five to eight company names.

    2.Copies of ID cards of legal persons and shareholders.

    3.A copy of the property right certificate of the registered address and a copy of the ID card of the property owner.

    4.Proof of domicile (provided for the ownership of the unit).

    5.Proportion of shareholders' capital contribution.

    6.Registered capital (1 yuan to 100 million yuan can be written in the subscription system).

    How much does it cost to register a company.

    1. Name verification: free.

    2. Open a capital verification account: 0 yuan.

    3. Capital verification report: 0-500 yuan (not required for companies with subscription system).

    4. Industrial and commercial license: free of charge.

    5. Official seal, contract seal, etc.: the charges vary from district to district.

    6. **Certificate: free of charge.

    7. Tax certificate: free of charge.

    8. Open an account: 0-1000 yuan (each bank charges differently).

    How long does it take to register a company.

    Approved name: 3-5 days.

    Online registration and business appointment: about 5-10 days.

    Apply for a business license: 3-5 days.

    Engraving: 1 day.

    Tax coverage: 1-2 days.

    Bank account opening: 5-10 days.

    The time to complete the registration of a company is about a month, and every link here is indispensable

  3. Anonymous users2024-02-04

    Basically, there are three types of companies based on the type of shareholding, namely: a company that is 100% Filipino, a company that is 60% Filipino, and a foreigner who holds 40% of the shares and a foreigner.

    YYD can provide you with bank account opening, company registration, trademark registration and other services, and the full amount will be refunded if it is unsuccessful. I hope so

  4. Anonymous users2024-02-03

    1. Understand the relevant matters of the registered company Need to think about what type of company to register, and then give the company a name and design logo, before registering the company, you need to understand the relevant matters of the registered company through various channels, such as what materials need to be prepared for the registration of the company, what are the precautions, personal identity certificates, etc., as well as what matters need to be experienced by the company into the formal operation, etc., can be understood, if you do not want to understand, you can choose to register the company to save time and worry, Efficient execution. 2. Prepare the information of the registered company When we want to register what type of company and think of the name of the registered company, we need to check the name first, and after checking the name, we also need to prepare the relevant registered company materials, common materials are: office address, registered capital (changed to subscription system), registration category, etc.

    In 2019, the policy of "five certificates in one" and "separation of licenses" will be fully promoted, so the preparation of materials needs to be careful in order to get the certificate in a short time. 3. Provide relevant information When the relevant materials are prepared, you can submit them, and you need to pack the materials to the industrial and commercial department, which mainly includes the articles of association, legal person ID card, shareholder ID card, etc., as well as spot checks and yes, all of which need to be reviewed by the industrial and commercial department step by step. 4. Apply for a business license The registered company needs to fill in the application for a business license in accordance with the provisions of the "Company Law", and provide the enterprise name verification certificate, the articles of association, identity certificate and other documents.

    5. Business license to be collected According to the new version of the business license, the content of the business license mainly includes: enterprise name, type, legal representative, business scope, registration self-pride, date of establishment, business period, residence, unified social information, etc., when you pass the audit, you can receive the business license, according to the five-in-one policy (industrial and commercial business license, national tax certificate, local tax certificate, enterprise organization certificate, social unified certificate)) in one. 6. Handle engraving, taxation, and public accounts When you successfully obtain the business license, you can bring the relevant materials to engrave the seal, and after the successful engraving, you can go to the bank to open a company to handle tax and other matters, so that the procedure for registering a company is almost the same.

  5. Anonymous users2024-02-02

    Joint Venture Subsidiary Registration Conditions:

    The shareholders must have at least 5-15 natural persons (3 must be Filipinos), the promoters are natural persons, and at least 5-15 directors (3 must be Filipinos, all of whom need to hold shares).

    The minimum registered capital is PHP5,000, 25% of which must be paid up before establishment, and 1 general manager, 1 Filipino treasurer and 1 Filipino secretary must be appointed. The general manager may concurrently serve as the treasurer or secretary, but the treasurer may not also serve as the secretary.

    Share allocation: Philippines 60%; 40% foreign-owned.

  6. Anonymous users2024-02-01

    What kind of company, business, agriculture,

  7. Anonymous users2024-01-31

    1. The process of registering a Philippine company.

    1. Arrange the customer to fill in the power of attorney.

    2. Review the information provided by the customer.

    3. Notify the customer to pay the payment.

    4. Submit to the relevant departments for processing.

    5. Inform the process.

    6. Notify the customer to collect the information.

    7. The customer pays the balance.

    8. Handover information.

    9. Receipt archiving.

    2. Processing time for registering a Philippine company.

    Reserve company name for 1 working day.

    Drafting of Articles of Association, Articles of Association and necessary affidavits 5 working days to assist in opening a bank account 2 working days.

    Documents submitted with the ** Trading Commission 1 business day.

    The certificate of incorporation is issued within 5 working days.

    Local Business License 6 weeks.

    It takes about 2 months to register a Philippine company and go through a complete set of procedures.

  8. Anonymous users2024-01-30

    Take a Filipino company name. Apply to the Philippine ** Commission, and after review, there is no duplicate name to register.

    Prepare registration materials. The name of the company, the information of the directors and shareholders and the signatures of the members, the business scope, the notarization documents, etc.

    Open an account with a Philippine bank. Remittance of funds required for registration and certification by the bank.

    Lease an office (if required).

    Apply for registration with the Philippine Commission. If the foreign investor has more than 40 shares, he or she must apply to the Philippine Investment Agency for business licensing; If you invest in an industry with preferential treatment and want to get preferential treatment, you will be registered with the Philippine ** Commission and then report to the Philippine Investment Agency for approval (if it is a sole proprietorship, the institution applying for registration is the Philippine ** Bureau).

    Apply for a business license from the mayor's office of the company's place of business.

    Register with the Philippine Revenue Service through the accounting firm at the place of business, apply for a tax number, print or purchase VAT invoices.

    Register the company's employee form with the Philippine Social Insurance Agency and the Department of Labor and Employment.

    The Philippine company was successfully registered. We will mail a full set of documents such as the Certificate of Incorporation free of charge.

    Note: If a company wants to remit profits, division of labor or repatriated capital out of the Philippines, it needs to register the remittance with the Philippine **Bank BSP or the Philippine Fair ** and Consumer Rights Bureau BTRCP and then register with the Philippine ** bank. Businesses should respect the rules and regulations of the Philippine Honai Bank** regarding the foreign investment registration process.

  9. Anonymous users2024-01-29

    1.Shareholder Director: A Chinese natural person serves as the sole shareholder registered under the OPC; If the shareholder Songdong is a company, it is a Chinese company as a major shareholder, and two other small shareholders can be added to regret Yingcha, which can be fully Chinese-funded; The incumbent shareholder of a natural person does not need to be notarized The incumbent shareholder of the company must be notarized.

    2.Company name: At least three company names to be used, according to the trade name you intend to use, the company name can be in the following form:

    teamtop harvest corp/teamtop harvest inc/teamtop harvest incorporated/teamtop harvest corporation。

    4.Business scope: There is no special Bipi in this **limited business scope, just an ordinary type.

    5.Statutory documents: registration and signature documents prepared by our company.

  10. Anonymous users2024-01-28

    Determine the company name and business scope first, and then submit the relevant information on your side after the information is complete, you can submit it for registration.

  11. Anonymous users2024-01-27

    This kind of thing is generally asked.

  12. Anonymous users2024-01-26

    The process of registering a company in the Philippines.

    1.Take a Filipino company name. Apply to the Philippine ** Committee, and only after review and infiltration can there be no duplicate names to register.

    2.Prepare registration materials. Company name, information of directors and shareholders and sample signatures of members, business scope, notarized documents, etc.

    3.Open an account with a Philippine bank. Remittance of funds required for registration and certification by the bank.

    4.Lease an office (if required).

    5.Apply for registration with the Philippine Commission. If the foreign investor has more than 40 shares, he or she must apply to the Philippine Investment Agency for business licensing; If you invest in an industry with preferential treatment and want to get preferential treatment, after registering with the Philippine ** Commission, you will report to the Philippine Investment Agency for approval (if it is a wholly-owned company, the institution applying for registration is the Philippine ** Bureau).

    6.Apply for a business license from the mayor's office of the company's place of business.

    7.Register with Cong Chi and the Philippine Tax Authority through the accounting firm at the place of business, apply for a tax number, print or purchase VAT invoices.

  13. Anonymous users2024-01-25

    Documents required for company registration in the Philippines.

    As a shareholder, the company needs to provide the latest certificate of registration, the articles of association and a set of notarized and certified documents of the directors' resolution. Information to be prepared by the director: copy of ID card, copy of passport. Shareholders and directors habitual residence, ** and email address, the nature of the company's business.

  14. Anonymous users2024-01-24

    1.The English name of a Philippine company can be ended in the following ways: corporation, incorporated, corp,inc.(Except that the shareholder is a Chinese natural person and the company established is a one-person ****opc);

    2.Shareholder structure, a natural person 100% shareholder, the established company is OPC one-person ****; Generally, in order to better operate the company, Philippine companies need 3** and 2 directors;

    3.The registered capital is 200,000 US dollars, about 12 million Philippine pesos, which does not need to be in place;

    4.If the shareholder is a domestic company, the English name of the company must also be provided; If the shareholder is a Hong Kong company, a scanned copy of the passport and address information of the director or authorized signatory of the Hong Kong company must be provided.

  15. Anonymous users2024-01-23

    1) Company name.

    2) Company address.

    3) Business scope.

    4) Registered capital, subscribed capital, paid-in capital.

    5) Shareholder information and shareholding structure (clarifying shareholder information and clarifying the company's president, treasure, and secretary).

    6) Contact information.

  16. Anonymous users2024-01-22

    According to the Philippine Foreign Investment Act of 1991 and other relevant laws, the forms of enterprises that foreigners can set up in the Philippines include: [Sole Proprietorship] An enterprise form in which an individual fully invests capital, enjoys exclusive benefits and bears all responsibilities, and must apply to the Philippine Department of Trade and Industry for establishment.

    A partnership is established by two or more partners, with a separate personality distinct from its partners, and can be established with limited or unlimited liability, with the Philippine ** Exchange Commission, requiring each partner to contribute at least 3,000 pesos.

    The company is established by 5-15 promoters under the Companies Code, applies for registration with the Philippine ** Exchange Commission, and has a paid-up capital of at least 5,000 pesos.

    Branch] An extension of a foreign company, not an independent legal person, can obtain income in the Philippines, and must remit US$200,000 of capital to the Philippines at the time of registration.

    Representative office] on behalf of the parent company engaged in information release, liaison, **, quality control and other activities in the Philippines, and does not obtain income in the Philippines, must remit US$30,000 capital to the Philippines at the time of registration.

    The acceptance agency for registered enterprises is:

    1) The Securities and Exchange Commission (SEC) is responsible for the registration of corporate enterprises (more than 5 people) and partnerships.

    3 or more people); (2) The Ministry of Trade and Industry (DTI) is responsible for registering a business name (valid for 5 years) and registering a sole proprietorship (running a company in the name of an individual);

    3) The Investment Agency (BOI) is responsible for registering preferential enterprises under the Priority Investment Scheme;

    4) Philippine Economic Zone Agency (PEZA), Subic Bay Authority, Clark Development Agency, Cagayan Economic Zone Agency, Pfeiferdec Industrial Authority, and Zamboanga Economic Zone Agency are responsible for registering other preferential investment promotion agencies**;

    5) Bank of the Philippines** (BSP) is responsible for the registration of foreign investment (for the purpose of repatriation of capital** and profits); (6) Taxpayers should also register with the BIR Regional Tax Office (RDO) that has jurisdiction over their place of business;

    7) Obtain an employer's social insurance number from the Social Insurance System (SSS) and a member of the Health Insurance System of the Philippines (PHIC). In addition, the approval of the mayor of the company's location should be obtained after registration with the SEC and DTI.

    Hope it helps!

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