Corporate Start-Ups

Incorporating a company in a foreign land is never easy.  Shelf companies are not available in the Philippines and the interlinking requirements of diverse Government departments are time-critical.  Oversights can be expensive. 

E-mail us for a details sheet, it shows you what you need to decide and your reply will tell us what we need to know to undertake the work. 

It takes up to three weeks, upon submission of the required documentation, to incorporate a private company in the Philippines.  Companies require five incorporators and unless the paid up capital exceeds US$ 200,000, three of the incorporators and not less than 60% of the equity must be Filipino.  Such a company may not involve itself in a number of restricted activities, the most notable being any form of over-the-counter retail trade. 

Upon request, Scobell will check the proposed company name, secure approval and file for protection for two months.  Subsequent to incorporation, a company is required to register with the District, the Municipality, the Revenue, the Department of Trade and the Social Security.  Scobell provides an all-inclusive package from protection of the proposed name, right through to drafting the minimum required agenda of the initial Incorporators' and Directors’ meetings. 

For companies that export more than 70% of production, registration with the Board of Investments can provide financial advantages.  Likewise, so can establishment within one of the many registered “Export zones.”

For further information, click here for our “LINKS” page to access the websites of Board of Investments (BOI) and Philippine Economic Zone Authority (PEZA).