Comments on: Philippines Foreign Corporation Branch Office

By: Alejandro

Alejandro — Fri, 23 Apr 2010 20:46:14 +0000

I would like to know if you can start establishing your business before all the registrations have been finalized?

Also, how long does the whole process of registering a business and obtaining all necessary licences take?

Alejandro, you can not do any actual transactions until the business is registered. How long will it take to register, will depend if it is a corporation, sole proprietorship etc… but count around 2 to 3 weeks.

By: sandra

sandra — Mon, 05 Apr 2010 09:44:58 +0000

Does the rule of 5 to 15 Incorporators applicable to export business enterprise?

Can an export business enterprise be owned by 1 shareholder?

Sandra, all corporations must have at least 5 incorporators it does not what kind of business the corporation operates.

By: sandra

sandra — Mon, 05 Apr 2010 09:38:36 +0000

if 60% Filipino-40% foreign-owned, is considered a Filipino corporation;

can I know how is the % of ownership calcualted? by number of person or by number of shares?

Sandra, the percentage is by number of shares.

By: Clare Alisago

Clare Alisago — Tue, 09 Mar 2010 01:39:10 +0000

May I know if a branch office can do some trading business?

Claire, yes it may.

By: ronella b. concepcion

ronella b. concepcion — Sat, 06 Feb 2010 00:49:33 +0000

may i be clarified. under SEC Form No. F-103, it is noted that the minimum capitalization for foreign corp. which shall operate as export market enterprise is P5,000.00.
The form was just obtained recently.
The Foreign Corporation to be established shall be for manufacture and assembly of cable wires. All produce of the corp. shall be exported.
Kindly advise me as regards the capitalization requirement.
Thanks a lot

Ronella, even though the Corporation Code of the Philippine states that a corporation may be setup with Php 5,000.00 capitalization, the SEC policies do not allow an incorporation with less than Php 100,000.00 paid-in capital.

By: Henry

Henry — Fri, 23 Oct 2009 16:21:48 +0000

“Companies which export more than 60% of their products or services may apply for an exemption.”

The business is a KPO and is a 100% exportation of services. What could be the minimum probable inward remittance if granted an exemption from govt requirements.

Henry, Php 100,000.00 contact us if you need help incorporating your KPO.