Empower Your Business in the Philippines
Explore and unlock Ph opportunities.
Great consumer market potential, abundance of natural resources, competitive investment costs, good investment incentives, young dynamic and talented workforce, great work ethics, and great communication skills are Ph key areas that could work for your advantage. Discover how our expertise can help you achieve a successful set-up and operations in Ph.
Ensure Ph Success!
TaxAcctgCenter Ph Alliance is dedicated to empowering businesses by providing comprehensive solutions tailored to the unique needs of the Philippine market. Our mission is to simplify the complexities of your setting-up in Philippines by offering guidance on proper Ph set-up based on intended operations for its efficient use of resources. With a team of seasoned professionals in Ph dealing with these things on their day-to-day professional lives, we are committed to fostering growth and ensuring our clients’ success in an ever-evolving economic landscape.
Philippines Economic Summary
The Philippines boasts a rapidly growing and vibrant economy, driven by robust consumer demand, strategic reforms, and a young, dynamic population. With an average growth rate of 6.0%, the country is poised for continued economic success, making it an attractive destination for businesses and investors.
Member Firm Services
Company Set-Up
Appropriate Entity Guidance
Advising clients on the best type of business entity to establish in Ph based on their intended operations for a tax-efficient and effective operations in the Philippines.
Company Set-Up
Assisting with the entire process of registering and incorporating a company – one person corporation, regular corporation or subsidiary, and securing license to do business in Philippines for your foreign corporation.
Nominee Directorship and Officership
Offering nominee director services to meet local regulatory requirements along with filing the required local officer positions for seamless operations in Ph.
Resident Agent
Providing resident agent services for foreign companies relative to their license to do business in the Philippines and acting as a local representative based on client authorization.
Virtual Office
Offering virtual office solutions for businesses that needs professional address for government agency registration and for other legitimate purpose without or pending physical office space.
Seat Leasing
We provide plug-and-play office space leasing options for convenient and work-friendly manpower work stations indespensable for quality and timely output deliveries.
Ph Manpower Solutions
Providing Ph manpower solutions for your operations through staff leasing or Employer of Record (EOR) services, hiring services.
Shelf Company
Offering ready to utilize pre-registered without prior operations to facilitate commencing your Ph operations as soon as possible.
Strategic Advantages
Why Choose Tax Alliance PH
Comprehensive Ph Set-up Solutions
Our expert team provides tailored tax strategies to optimize your business operations and ensure compliance.
Seamless Business Integration
We offer seamless integration of tax services with your existing business processes, enhancing efficiency and productivity.
Frequently Asked Questions About Setting Up a Company in the Philippines
Find answers to the most frequently asked questions about setting up a company in the Philippines and how Tax Alliance PH can assist you.
What are the steps to set-up an entity in the Philippines?
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Choose a Business Structure: Based on intended operations in Philippines, evaluate legal entity options and choose the most efficient structure - Ph subsidiary, One Person Corporation, License To Do Business as a Ph Branch, Representative Office.
- Documentation: Provide/collate relevant information (e.g. incorporator details, entity name, purpose/s, address, capitalization) and execute related documents for registration.
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Register with the Securities and Exchange Commission (SEC): File online with SEC platform required documentation for evaluation, pay filing and other fees, submit original copies, and secure SEC approval - Certificate of Registration for local corporation or License to Do Business for foreign corporation.
- Register with Bureau of Internal Revenue (BIR): Register the entity with BIR (Ph Tax Authority) - Certificate of Registration, register books of accounts, and sales invoices.
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Secure Local Government Permits: Obtain clearance from the barangay (village) of office location and a business permit from city or municipality.
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Register as an Employer: Register with the Social Security System (SSS), Philippine Health Insurance Corporation (PHIC), and Home Development Mutual Fund (HDMF) for mandatory employee welfare benefits. Register as well with Department of Labor and Employment (DOLE).
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Set Up a Bank Account: Open a corporate bank account to manage your company's financial transactions.
What are the minimum capital requirements in Philippines?
For foreign investors, capital requirements depends on the nature of operations in Philippines, the extent of foreign ownership - more than 40%, and target market - export or domestic market.
- For Filipino owned entities, no minimum amount and any reasonable capitalization is allowed, unless required by special laws or rules.
- For export market (exporting at least 60% of output), foreign investors could own up to 100% foreign equity with any reasonable amount of capitalization. Examples business process outsourcing (BPO) and export manufacturers in economic zones;
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For Ph domestic non-retail trade market with foreign ownership of more than 40%, 0% Foreign Equity: Paid-up capitalization of US$200,000 or Ph Peso equivalent
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For retail trade with foreign ownership: PhP25M minimum capitalization.
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For regulated entities covered by special laws: Minimum capitalization prescribed under special laws or rules.
What are the basic information I need to have to register a Philippine corporation - e.g. subsidiary? What about for foreign corporation registering in Philippines, what information or documents are needed?
For Philippine corporation, you would need the following basic information: personal details - name, address, tax identification number (local)/passport number (foreigner) of the incorporators; corporate name; address - virtual or physical; intended operation/ purpose/s; capitalization details and subscriptions; temporary Treasurer; and accounting year-end.
On the other hand, for foreign corporations securing a license to do business in Philippines (e.g. Representative Office, Ph Branch, ROHQ, or RAHQ), you would need consularized/apostilled copies of parent company documents - registration documents, latest audited financial statements (compliance with financial ratios 1:1 liquidity and solvency, and not more than 3:1 debt-to-equity) and board resolution authorizing registration in Ph; corporate name; address - virtual or physical; intended operation/ purpose/s; capitalization; Resident Agent (Ph entity or Ph resident).
How long does it take to set up a company in the Philippines?
The process can take anywhere from a few weeks to a month or two from completion of documents, depending on efficiency of the government agencies involved.
What Our Clients Say
“Partnering with Tax Alliance PH has streamlined our tax processes, saving us time and resources. Their expertise is unparalleled.”
Mario Santos
CEO, Santos Enterprises
“The team at Tax Alliance PH has been instrumental in our business growth, providing invaluable insights and support.”
Joanna Lim
Managing Director, Lim Holdings
“Thanks to Tax Alliance PH, we have achieved greater financial clarity and compliance. Their service is exceptional.”
Anatoly Reyes
Finance Manager, Reyes Group