Easy registration of Philippine companies
Registering an overseas Philippine company has many advantages, which can help companies better expand their markets, reduce operating costs, and improve profitability. However, before registration, companies need to fully understand the business environment, legal system, and tax regulations in the Philippines to ensure compliance.
Advantages of registering a company in the Philippines
Tax incentives
In order to attract foreign investment, the Philippine government has provided a variety of tax incentives. For example, for companies investing in specific regions or industries, the government may provide tax exemptions or tax credits and other preferential measures.
Huge market potential
The Philippines has a large population, and the middle class is growing, and the consumer market has great potential. In addition, the Philippines is also a member of ASEAN. By registering a Philippine company, companies can more easily enter the ASEAN market and expand their business scope.
Rich human resources
The Philippines has a large number of well-educated labor resources, and these talents have high professional qualities and skills in various fields.
Superior location
Located in the heart of Southeast Asia, the Philippines is an important bridge connecting Asia and the Pacific region. This geographical advantage makes the Philippines an important trade and logistics center, which is very attractive to companies that want to expand into the Asian market.
Friendly policy environment
The Philippine government actively encourages foreign investment and provides a variety of conveniences and support for foreign investors. For example, the government may provide investment consulting services, assist in registration procedures and other support measures to attract more foreign investors.
Legal environment is stable
The legal system of the Philippines is relatively complete, and the government's supervision of business activities is relatively standardized. This provides a relatively stable legal environment for foreign investors and helps reduce investment risks.
Documents required for registering a Philippine company
Registration of a joint-stock company (China-Philippines joint venture SEC)
1
：It is recommended to provide the shareholders' passports and ID cards. All shareholders must hold shares (provided by the customer, 2-5 Chinese);
2
：The Philippine treasurer (financial director) holds at least 1% of the shares. It can be a Filipino or a foreigner holding a long-term visa to the Philippines;
3
：Philippine tax number (arranged by our company);
4
：Draft five company names (ending with Corp or Inc);
5
：Registered address;
6
：Establish the company's registered capital;
7
：Company business scope: You can tell the approximate content of the business, and the legal department will edit and suggest;
8
：1 Filipino secretary (only for registered companies), please refer to the quotation below.
Registration of a joint-stock company (China-Philippines joint venture SEC)
1
：It is recommended to provide the shareholders' passports and ID cards. All shareholders must hold shares (Chinese shareholders provide them by themselves, 1 Chinese holds 40% + 2 Filipino shareholders hold a total of 60%;
2
：The Philippine secretary does not need to hold shares (shareholders cannot serve as secretaries at the same time). It can be a Filipino or a foreigner holding a long-term visa to the Philippines;
3
：Draft five company names (ending with Corp or Inc);
4
：Establish the company's registered capital;
5
：Company business scope: You can tell the approximate content of the business, and the legal department will edit and suggest it;
6
：Registered address.
Philippine company-related services
Tax filing service
Specific details may vary depending on the type, size and region of the company
Understand tax requirements
First, you need to understand the tax requirements and regulations of the Philippine Bureau of Revenue (BIR), including the types of taxes payable, tax rates, tax filing deadlines, etc.
Prepare relevant documents
Collect and prepare financial documents and reports required for tax filing, such as income statements, expense statements, profit and loss statements, etc. Ensure the accuracy and completeness of these documents.
Fill in and Submit Tax Return Forms
According to the tax filing forms provided by the Philippine Bureau of Revenue, correctly fill in your financial data such as income, expenses, profits and losses. During the filling process, ensure the accuracy and completeness of the data. Then, submit your tax return.
Pay tax
Complete the payment of taxes based on the tax amount calculated on the tax return through the designated payment method.
Registration related fees
Company registration fee:
2500w pesos.
Address:
10880 RMB/year.
Processing cycle:2.5-3 months.
Service Deliverables
Business License
Articles of Association
A set of seals
Publish in newspapers
EOR customs number
Address rental invoice
Land rental contract
Company registered address certificate
Why choose us?
IngStart provides corporate formation and compliance SAAS
Perfect service system
IngStart fully meets the needs of customers and provides efficient, professional and reliable services. Select the company that needs to submit an annual report in your IngStart account and click Submit Annual Report Service.
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