Philippines company set up

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PHILIPPINES

COMPANY

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There are their types of Philippines company formation, which are solo, joint and limited, etc. Subject to foreign investment could set up a company, branch, subsidiary, or representative office in the Philippines. The minimum capital of the foreign company is US dollar 200,000 / representative office is US dollar 30,000 / joint company is Philippine dollar 500,000. The withholding tax is 30%, besides tax of investment in Subic Bay Freeport and the economic special zone can be deducted. Foreign investment has to report by the Securities and Exchange Commission (SEC), a potential investor can consult relevant issues if needed.

 

 

Foreign investments in the Philippines

 

Foreign investments in the Philippines01  

1.Joint company:
Foreigners and residents can set up a joint company acceding to certain holding rates.
In which, there are 2 kinds as if resident holds to 60% and foreigner holds 40% called the
local company, vice verse foreign company. According to relevant laws, no less than 5
people and a maximum of 15 people be shareholders, board member normally 5-15
people and each director at least hold 1 share. Majority shareholders and directors
are residents. Generally, there is a general manager, a resident accounting office,
and a resident as secretary.

 

Foreign investments in the Philippines02  

2.Subsidiary:
Foreigner invests a subsidiary has to have 1 resident as a director who holds 1 share.  
Besides, the negative list has to be attentive, and minimum paid capital is US dollar
200,000 and pays before register.

 

Foreign investments in the Philippines03  

3.Branch:
Sort of an extension of the foreign company based in the Philippine. it has to apply for
permits from the SEC. The branch has to appoint an agent to deal with tax and
accounting issues. The minimum registered capital is US dollar 200,000. However, if a
company dealing with high tech industries or has a minimum of 50 employees, the
registered capital can decrease to US dollar 100,000.

 

Foreign investments in the Philippines04   4.Representative office:
Directly appointed by the head company, the office only can contact, promote products
and quality control, etc. No income allowed for the office.

 

 

Inter Area with years of experiences of setting up an actual company in the Philippines. We aim to chase best services for our clients from setting up to accounting services, Visa applications etc. Our clients can gain updated information at the first beginning, meanwhile, clients can take good care of its own business and developments.

 

 

 

 

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