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Philippines Foreign Company Registration-Formation

<img src="Philippines.jpg" alt="Philippines Foreign Company Registration-Formation">

Philippines Foreign Company Registration-Formation

Our service: Philippines foreign company registration-formation;

Company registration service in Philippines (private limited company, LLC, branch office, subsidiary);

Accounts, audit, income tax and financial advisory;

Let discuss on Philippines foreign company registration-formation process step by step:-

  • Philippines foreign company registration-formation ensure institution Name , a place what shall be used correspondence, MOA, Papers those are attested by the person of government endorsed, license for starting, and others those required permissions including VAT to doing foreign trading;
  • To begin a public limited corporation minimum share members should confirm not less than five more than fifteen, provided that majority shahs shall be hold by philippino local sixty percent whereas forty percent can be owned by overseas promoters;
  • Such industry shall be permitted by Security Exchange Commission of Philippines, provided that an amount should remit of US Dollar two hundred thousand to incorporation fresh enterprise;;
  • Those export enterprise must recruit not less than fifty persons to cooperate trading and in Philippines foreign company registration-formation;
  • Local and international banks cooperate to open account by phill 50,000 and enjoying credit as banking law;

Joint venture company formation in Philippines

  • JV corporation is allowed here on condition is share members should not less than two where one must be local, Philippine citizen;
  • Do not forget to engage joint agreement between parties starting operation;
  • Rest of procedure as normal formation of limited enterprise;

Regional HQ

  • To setup in Philippines foreign company registration-formation remit of US Dollar fifty thousand as fdi rules;
  • This organization can monitor activities, make contact with other area offices and other global organs, provided that it is not allowed to receive any money at account but operate administrative activities;

Representative Office

  • Such office is allowed to involve promotion of goods of its main corporation and look after activities and it is not allowed to receive any amount and produce profits, provided that to begin such fresh enterprise must remit of US Dollar thirty thousand;
  • Apply with prescribe forms of SEC to permit of operation;
  • First job is verify name of fresh entity;
  • Make sure health insurance and major permit to run such trading;
Branch office open in Philippines
  • There are different approval papers of the mother corporation with attested by embassy;
  • Meeting decision from sponsors;
  • Power given a human , local agent, who shall proceed taking liabilities in favor of mother organization;
  • About more a month (4 weeks ) might needful to complete registration process;
  • Enclosed documents conversion in English, provided that a sum need to remit of US Dollar two hundred thousand to obtain authorization from SEC, http://www.sec.gov.ph ;
  • In case of employees hiring number of not less than fifty can reduce remit amount , as condition, at US Dollar one hundred thousand;
  • Remit issue shall be excused if profit goes over majority percent from export goods to other countries;
Business set up in tax free zone
  • The industries inside of free zone area exempted from tax of five percent from sales profit;
  • Tax holiday facilities start from four to eight years on conditions and that depend upon products;
Income tax return
  • Corporate tax thirty percent for nonresident investors;
  • Fifteen percent tax shall be applied on dividend of the corporation;
  • Ten percent tax applied on regional operation HQ those are situated in this state;

S & F CONSULTING FIRM LIMITED

Email us: contact@sfconsultingbd.com

Manila, Philippines

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