PH · N 14°36′ · E 120°59′
Philippines
The Philippines suits ASEAN-facing trading, outsourcing, and operating teams. Company law permits a single shareholder and has no statutory minimum capital, while foreign entry into the domestic market remains subject to paid-in capital and sector rules.
Key points on one page.
- Tax
- Corporate income tax is generally 25%; 20% may apply to small companies, plus 2% MCIT and dividend withholding tax
- Shareholders and directors
- At least 1 shareholder; up to 15 directors, who must be shareholders; sector rules may limit nationality
- Share capital
- No statutory minimum; foreign domestic-market enterprises generally need US$200,000 paid-in capital
- Local requirements
- Philippine registered office; BIR, local business, and sector permits are required
- Annual maintenance
- Annual SEC GIS and financial statements; quarterly and annual BIR returns; audit when thresholds apply
- Incorporation timeline
- Approx. 2–4 weeks, depending on SEC, tax, and local permit approvals
- Public disclosure
- Shareholders and directors appear in SEC filings; BO is filed in HARBOR and generally not public
Facts last checked · 2026-10-23
This page summarises publicly available regulations for general reference only and does not constitute legal or tax advice. Rules in each jurisdiction may change at any time; please confirm the latest position with an Offshore Isle advisor.
References (6)›
- 01Philippines Revised Corporation Code, Republic Act No. 11232
- 0213th Regular Foreign Investment Negative List, Executive Order No. 113
- 03PwC Worldwide Tax Summaries — Philippines: Taxes on corporate income
- 04PwC Worldwide Tax Summaries — Philippines: Tax administration
- 05SEC eFAST — Guide to Filing Reports
- 06SEC FAQs on Beneficial Ownership Disclosure Rules of 2026
02 · Advantages
Why Philippines
- 01ASEAN access with a mature English business environment
- 02Single shareholder and perpetual existence are permitted
- 03Export and investment-promotion incentives may be available
03 · Requirements
Formation requirements
- Check whether the activity is covered by the 13th Foreign Investment Negative List
- Foreign domestic-market enterprises generally need US$200,000 paid-in capital; US$100,000 may apply in qualifying cases
- Obtain BIR registration, local business permits, and sector permits after incorporation
04 · Compliance
Annual compliance
- File the GIS within 30 calendar days after the annual meeting
- File SEC financial statements within 120 calendar days after fiscal year-end
- File quarterly and annual BIR corporate returns and obtain an audit where required
After incorporation, Offshore Isle sets a compliance calendar. We remind you in advance of annual returns, renewals and filings, and handle them on your behalf.
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