May 2017

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The corporation can be established with two months and 100k PHP in Philippines

I started a company in the Philippines. It is unexpectedly simple and does not cost much. For this my first challenge, I did not ask the Japanese agency but tried with Leazl, who is a friend of mine and representative of F&R. She had no experience on this kind of matter, however I still asked her for cooperation as I trusted her personality. Also it was to make my new company as rooted in Philippines and grow together with her newly established company F&R, which she had established with her great effort. It does not mean that I necessarily recommend creating a company, however I will support the people who want to give a challenge in the Philippines.   Establishment Cost of Corporation in the Philippines The cost and time period spent on company establishment in the Philippines are as follows. Necessary expenses correspond to the fees such as attestation fee, taxes and fees that is paid to the country or regional offices. We paid  agent commission to F&R, as we asked them to proceed all the registration procedure for us. In below chart, the lowest capital stock is mentioned as from 5k PHP, however it seems to be common