Determining your business structure
Local investors may register a business as a single proprietorship, a domestic partnership, or a domestic corporation. Foreign investors, on the other hand, may register as one of the following: branch office, representative office, regional headquarters, or regional operating headquarters.
Domestic business
A single proprietorship business structure entails full ownership of an individual, including assets, liabilities, debts, and revenue. The FYR team will assist in the registration of the business with the Department of Trade and Industry (DTI). A single proprietor must be a Filipino citizen, at least 18 years of age.
Foreign Business
There are four kinds of business structures foreign investors may register for: branch office, representative office, regional headquarters, or regional operating headquarters. A branch office is a foreign entity that has been authorized to do business in the country by its head office or parent company. This company must have the following:
- Authentication of head office and assigned resident agent in the Philippines present for legal proceedings
- Capital of USD 200,000.00, remittance of USD 200,000.00
- Minimum of 50 employees
Register your company
After your company has received approval from the DTI or SEC, FY Rojas and Associates will proceed to registration with the Bureau of Internal Revenue (BIR), Social Security System (SSS), PhilHealth, and PAG-IBIG (HDMF or Home Development Mutual Fund). Your company must also be registered with the local government presiding over your office location, and acquire necessary permits for operations.
Visa application for foreigners
In addition to setting up your business, FY Rojas and Associates will also assist in acquiring the necessary visa and work permits for your management and staff.
The Philippine Immigration Act (PIA) allows two kinds of Visas: the tourist Visa and the work Visa. Foreigners who have been authorized to work abroad by their company may be given any of the three types of work Visas: pre-arranged employment Visa, Treaty Trader Visa, or Special Non-immigrant Visa.
The Philippine Immigration Act (PIA) allows two kinds of Visas: the tourist Visa and the work Visa. Foreigners who have been authorized to work abroad by their company may be given any of the three types of work Visas: pre-arranged employment Visa, Treaty Trader Visa, or Special Non-immigrant Visa.
