Carpo Law understands that foreign companies want register their businesses in the Philippines quickly and efficiently. We also understand the desire to retain full foreign ownership. We offer fast and affordable company formation and business incorporation for foreign companies starting and doing business in the Philippines.
Foreign companies starting or doing business in the Philippines must register their company with various government agencies including the SEC, BIR, SSS, Phil-health, Pag-ibig and obtain clearance from local governments . If your future company in the Philippines is a domestic corporation (subsidiary) exporting goods or services or generating revenue from abroad amounting to more than 60% of its gross sales it can be fully foreign owned, as it is considered an Export Enterprise under the Foreign Investments Act. Both branch and domestic corporation options can be registered with as little as P5,000 paid up capital. However, most banks require P25,000 - P50,000 to open a corporate bank account.
Most foreign owned call centers, contact centers, BPOs, wed development and web design are Export Enterprises and full foreign ownership. After the initial company registration, many of these are even registered with PEZA to avail of tax and other incentives after the company incorporation and formation.
Carpo Law can advise on the most suitable business formation and company registration for you considering the company's intentions, foreign ownership restrictions, tax, income and corporate concerns. Carpo Law's corporate and tax lawyers will instruct you on how to register a business in the Philippines.
After the company formation and incorporation is complete our lawyers will determine if your new company in the Philippines is eligible for tax incentives with various government agencies. Carpo Law will then assist in the actual registraion process and compliance with these government agencies.