Embarking on a new business venture comes with its set of opportunities and challenges. At Equity Labs, we serve as your dedicated partner during this critical phase, offering a comprehensive suite of services that help you smoothly transition from concept to reality.
In the Philippines, local businesses usually choose among these legal structures:
Representative offices are required to remit the initial inward remittance of at least US$30,000 at the time of registration and at least US$30,000 every subsequent year.
The local resident agent must be a Philippine resident individual or domestic corporation of good moral character and sound financial standing.
If operation is intended for more than 60% of the Philippine market qualifying the corporation as a domestic market enterprise.
If operation is intended for up to 60% of the Philippine market qualifying the corporation as an export market enterprise.
The initial Php500,000 security bond is subject to annual reevaluation based on annual turnover of the business and is required to be placed within sixty days from the issuance of the license to do business.
If operation is intended for more than 60% of the Philippine market qualifying the corporation as a domestic market enterprise.
If operation is intended for up to 60% of the Philippine market qualifying the corporation as an export market enterprise.
The corporate secretary must be both a Filipino citizen and a Philippine resident.
If operation is intended for more than 60% of the Philippine market qualifying the corporation as a domestic market enterprise.
If operation is intended for up to 60% of the Philippine market qualifying the corporation as an export market enterprise.
The corporate secretary must be both a Filipino citizen and a Philippine resident.
Foreign investors exploring business opportunities in the Philippines typically select from the following structures:
Representative offices are required to remit the initial inward remittance of at least US$30,000 at the time of registration and at least US$30,000 every subsequent year.
The local resident agent must be a Philippine resident individual or domestic corporation of good moral character and sound financial standing.
If operation is intended for more than 60% of the Philippine market qualifying the corporation as a domestic market enterprise.
If operation is intended for up to 60% of the Philippine market qualifying the corporation as an export market enterprise.
The initial Php500,000 security bond is subject to annual reevaluation based on annual turnover of the business and is required to be placed within sixty days from the issuance of the license to do business.
If operation is intended for more than 60% of the Philippine market qualifying the corporation as a domestic market enterprise.
If operation is intended for up to 60% of the Philippine market qualifying the corporation as an export market enterprise.
The corporate secretary must be both a Filipino citizen and a Philippine resident.
If operation is intended for more than 60% of the Philippine market qualifying the corporation as a domestic market enterprise.
If operation is intended for up to 60% of the Philippine market qualifying the corporation as an export market enterprise.
The corporate secretary must be both a Filipino citizen and a Philippine resident.
Navigate through the complexities of legal structures with Equity Labs.
Navigating the complexities of the Philippine business landscape can be overwhelming. This is especially true when it comes to the process of registering a corporation. At Equity Labs, we make this process seamless, convenient, and transparent.
Our experts engage in a deep dive to understand your proposed business, offering valuable insights into the optimal legal structure for you.
After outlining the roadmap for your business setup, we move swiftly to meet all legal requirements.
We maintain transparent communication, keeping you updated of all developments until the final handover of your registered business.
Our business setup services extend beyond just company registration. We offer a range of services designed to ensure that your business journey is smooth right from the beginning.
Equity Labs ensures full compliance with the SEC, BIR, and local authorities. Our aim is to build a robust foundation for your business from day one..
Our services include registration with DOLE, SSS, PhilHealth, and HDMF, ensuring adherence to labor and employment regulations.
We can only register the company with these organizations once the company is operation.
Otherwise, this should be handled by the company's accountant once they are registered.
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For businesses requiring a formal business address without the operational costs of a physical office, Equity Labs offers virtual address services.
Our team maintains all corporate records, minutes, and annual filings, relieving you of administrative burdens and enhancing governance standards.
Our resident agent services ensure prompt and compliant communications with governmental bodies for foreign companies establishing in the Philippines.
Our team provides hands-on assistance for the initiation of banking relations with our partner banks enabling a seamless financial setup.
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