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Complete guide: entity types, registration, costs, taxes, labor laws, and break-even analysis
~64 days
Setup Time
~$540
Setup Cost
25%
Corporate Tax
100%
Foreign Ownership
#95
Ease of Business
| Entity | Min Capital | Foreign % | Liability | Min Shareholders | Best For |
|---|---|---|---|---|---|
Domestic Corporation | None | 100% | Limited | 2 | Standard entity — 100% foreign ownership in most sectors under CREATE Act |
One Person Corporation (OPC) | None | 100% | Limited | 1 | Solo entrepreneurs — simplified structure |
Branch Office | 200,000 USD | 100% | Unlimited | 0 | Foreign companies earning income in Philippines |
Regional HQ (RHQ) | 50,000 USD | 100% | Limited | 0 | Supervision/coordination hub — cannot derive income locally |
Reserve Company Name
Verify and reserve name with SEC online
1-3 days
~$10
SEC
Register with SEC
Submit articles of incorporation, by-laws, treasurer affidavit
3-10 days
~$200
Securities and Exchange Commission
Register with BIR
Obtain TIN, register books of accounts, print official receipts
5-14 days
~$30
Bureau of Internal Revenue
Obtain Mayor's Permit
Business permit from local government unit (city/municipality)
7-30 days
~$300
City/Municipal Hall
Register with SSS, PhilHealth, Pag-IBIG
Mandatory employee benefit contributions
3-7 days
Free
SSS / PhilHealth / HDMF
$300/mo
Minimum Wage
$550/mo
Average Wage
48 hrs/week
Work Hours
5 days/year
Paid Leave
2 weeks/year
Severance
9.5% of salary
Employer Social Security
4.5% of salary
Employee Social Security
Required
Foreign Worker Permit
Foreign Worker Quota: AEP required. Must prove position cannot be filled by Filipino. $3,000+ annual fee.
#95/190
Ease of Business Rank
28 days
Starting a Business
35 days
Registering Property
962 days
Enforcing Contracts
33/100
Corruption Perception
73%
Internet Penetration
PHP
Currency
UTC+8
Time Zone
12
Retail (months)
8
F&B (months)
14
Tech (months)
22
Manufacturing (months)
8
Services (months)