Company registration in the Philippines

Registering a company in this jurisdiction – quite a promising investment decision. The country is well developed with electronics, agriculture, food processing, wood processing, pharmaceuticals, chemicals and textiles. In addition, it is located in a tropical, warm climate.

If you have planned to register a company in the Philippines, you should know that this procedure is quite complicated. Therefore, in the absence of knowledge, experience in this case, it is desirable to entrust it to professionals.

Why is it profitable to open a company in the Philippines today?

This country is used by many foreign businessmen as a base for expanding their business activities. Incorporating companies in the Philippines has certain advantages:

1. Location. The country is located in a very important location and this makes it easy to access the market and use it as a platform to expand business to other nations.
2. Skilled manpower. There are very many professional workers in different fields.
3. Affordable price of labor. Very low price of labor force makes them quite competitive for many foreign firms.
4. The presence of a developed economy.
5. Secure social as well as political position.
6. The presence of a rapidly developing economy.

In addition, the Philippines has a flexible taxation system.

Company Registration in the Philippines: Which Form of Ownership Should I Choose?

Are you planning to register a business in the Philippines? Then first you must decide on the best, most suitable form of business activity. Here, entrepreneurs can open:

• private company;
• branch;
• representation;
• corporation.

If you want to find the most favorable option for yourself to invest or open a new company, then the ideal option – is to open a corporation. Such a company will be analogous to a JSC in this state.

Country's taxation system

Before you open a company in the Philippines, carefully study all the features of the taxation system of this jurisdiction.

1. Corporate tax is 25%. You can reduce the tax rate by 2 times.
2. VAT here is 12%. Many transactions are subject to zero tax. In addition, some companies do not pay VAT at all.
3. Dividend tax is 15%.

It is more profitable to establish a business in this country if the company will be located in a free economic zone. There are no export-import duties.

Can I get citizenship in the Philippines?

It is impossible to get citizenship in this country for investment. There are different programs to get a long term residence permit for investment. But in order to obtain citizenship, you need to undergo the naturalization procedure.

For successful naturalization you need to live in this country for about 10 years, have a good income, know the local language perfectly.

Fast business registration in the Philippines

Our company is ready to offer support to every entrepreneur who decided to open a company in the Philippines. Our specialists:

• analyze the business, taking into account the local market, legislation;
• help to choose the legal form of organization for the company;
• prepare the founding documents;
• file the documentation required for the registration of the company;
• register the company in the tax office, the number of the taxpayer.

In addition, employees will help to apply for the necessary permits, certificates that allow you to legally conduct business in this state.