Philippines Company Registration

Product Description.

Philippine company registration agency service is EasyGo's agency service for individuals/businesses who want to open a company in the Philippines. All you need to do is to provide us with the basic documents required for company registration and we will provide you with an efficient and discounted agency service.

The Philippines is an island nation located in the western Pacific Ocean of Southeast Asia, consisting of approximately 7,100 islands and islets. The capital city is Manila and Quezon City is the most populous city. According to data released by the World Bank, the Philippines' GDP in 2019 was worth over $376.7 billion.

 

What are the advantages of registering a Philippine company?

1. Emerging market in Southeast Asia. As a popular country in Southeast Asia, many Chinese companies go to the Philippines to invest and operate in the Southeast Asian market.

2. Local people know English, easy to communicate. The Philippines is the fourth largest English-speaking country in the world, with over 92% of the population proficient in English. The Philippines is also a bilingual country, which is very rare in Southeast Asia.

3. Enjoy the same local treatment. Whether you register a wholly-owned company or a joint venture company in the Philippines, you will enjoy the same preferential policies in the local area, which will be analyzed according to the different investment industries, the import and export of products and the company's holding.

4. Low labor cost in the Philippines. The labor cost in Southeast Asia is low, and many foreign companies use the Philippines as a substitute factory to reduce the cost of product production.

5. The Philippines has a population of over 100 million and a large market potential. According to the data released by the World Bank, the population of the Philippines continues to rise, and the total population has exceeded 100 million in 2019. The population has a strong willingness to consume, with private consumption accounting for nearly 70 percent of GDP.

6. Attracting foreign investment. The local government strongly supports investment attraction, and the sound economic system is conducive to foreign investment.

7. Favorable tax policies. The only time a local company needs to file a tax return is when it is actually operating in the Philippines, and there are fewer types of taxes and cheaper fees. If the company does not operate locally, it does not need to pay taxes and will save labor costs.

It is invariably a high saving for companies in filing fees.

 

Registration process

Applicants do not need to be present in person; EasyGo handles the entire process.

⇒ Applicant submits necessary documents for processing

⇒ EasyGo documents review → EasyGo fills out the application documents

⇒ Submission to the Philippine Securities Commission, local mayor's office, Philippine Department of Revenue for registration, application for tax identification number, printing or purchase of VAT invoice, Philippine Social Security Administration, Department of Labor and Employment, etc.

⇒ Notification of approval of the result of processing

⇒ Delivery or courier.

 

List of materials.

The applicant for incorporation of a company provides the following information.

1. Lease the office required for the registration of a Philippine company; lease contract

2、Application for company name, provide 3 . Apply to the Philippine Securities Commission for a company name, which can be registered only after examination and no duplicate names;

3、Applicant for company registration: 1 passport home page + Philippine driver's license or tax card.

4、3 Filipinos, provide: Philippine birth certificate + driver's license or tax card, )

5、Does the company use 60% Filipinos and 40% foreigners?

6、Description of the industry and business purpose of the company after registration.

7、Registered capital Contribution free of actual arrival. Capital registration is 15 million Filipino dollars. (10 million is not recommended: because the last time the Philippines adjusted the requirement from 5 million to 10 million, it was adjusted in 2018. The party can allow foreigners to be legally employed.)

 

Important Notes

Government fees, expedited, and official same-day inspection fees are the responsibility of the client.