How to choose the type of company registration in the Philippines

1. Joint ventures.

This type of company is independent of shareholders as an independent legal entity, and the ownership of the company depends entirely on the number of shareholders in the company, and the holders of the company also benefit from dividends. According to local laws, foreign investors can only own up to 40% of the shares of a Philippine company, and if a local Filipino owns at least 60% of the company, the actual proportion depends entirely on the nature of the industry.

2. Sole proprietorship.

In this form of business in the Philippines, the individual has full control and control over the company's assets, and the individual bears limited liability for the company's liabilities or losses. Moreover, this type of business can be regulated by the Regulatory Authority, the Consumer Protection Agency (BTRCP) and the Securities and Exchange Commission (SEC).

3. Branches.

The branch office is fully owned by the foreign head office and is mainly engaged in business development in the domestic market of the Philippines. This kind of branch is a kind of business that carries out the head office, and can directly obtain profits from the branch office in the country. The branch office is an extension of the head office, so its debts are also considered to be the debts of the head office.

The branch office does not need to pay the relevant tax due to the non-issuance of **, but under certain conditions, the branch is required to pay a management fee allocated by the head office to the Philippine branch, but does not have to bear the 10% accumulated income tax.

1) Foreign-funded companies Companies with more than 40% registered capital are regarded as foreign-funded companies in the Philippines, with at least one shareholder and a minimum registered capital of 200,000 US dollars, and most types of companies do not need to be paid-in.

2) Joint Venture Company A company with a foreign capital accounting for 40% or less of its registered capital and a local capital accounting for 60% or more of the Philippines is a joint venture company, with at least one shareholder, no minimum registered capital limit, and more than one-quarter of the paid-in capital.

3) Office Foreign companies may set up offices in the Philippines, and offices are not allowed to carry out business activities. The company must appoint an office representative, and the representative must be a Filipino national or a foreigner holding a long-term Philippine visa.

To set up a foreign-owned company and a joint venture company in the Philippines, the company must appoint a chairman, a director treasurer and a secretary to the director, and open a corporate bank account. There is no such requirement in the Office. For some types of companies, ** the requirements for foreign capital injection ratio and paid-in amount are different.

For example, if a logistics company wants to apply for an NVOCC FTEB license, it is not allowed to apply for a wholly foreign-funded registered company.

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.

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.

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.

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.

This kind of thing is generally asked.

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.

What kind of company, business, agriculture,

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.

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.

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.

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.

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!

Philippines Company Registration Procedure.

1.Apply for a company name from the Philippine ** Commission, and it can only be registered after review without duplicate names;

2.Open an account with a Philippine bank, remit or deposit the funds required for registration, and have the bank issue a certificate;

3.leasing offices;

4.Apply for registration with the Philippine ** Commission (if it is a sole proprietorship, the institution applying for registration is the Philippine ** Bureau). If the foreign investor's shares exceed 4o, he or she must apply to the Philippine Investment Agency for a business license

If you invest in an industry with preferential treatment and want to get preferential treatment, you can register with the Philippine Commission and then report to the Philippine Investment Agency for approval;

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

6.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.

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

1. Philippine company registration time.

If the registered company is engaged in an industry that does not need to be reported to the special management department, or to apply for a license from the special management department, after receiving all the company's information, it can usually complete the full set of procedures in about 2 months.

2. The company registration documents obtained after completion.

1. Name verification documents, SEC registration documents, articles of association and memorandum.

2. Declaration of the company's property; Proof of receipt of registered capital, bank account opening**&seal card.

3. Tin code &bir**1903;Books and ledgers are registered, and BIR invoices are registered.

4. Mayor's permit, business license (if there is an office, lease contract and landlord information need to be provided).

5. **R-1 (employment registration); R-1A (Employment Report).

6. **ER1 (record of the number of workers); ER2 (Number of Employees Report).

7. Member registration remittance form, member data form.