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Company Incorporation

Borra Law > Company Incorporation

The formation of a corporation is the most attractive business vehicle for foreigners because a company’s shareholders enjoy limited liability. To do business in the Philippines, be aware that there are certain types of businesses that are restricted to Philippine-owned corporations. These restrictions can be found in the Philippine Constitution, the Foreign Investment Negative List, and other laws. Consult with us for more information.

Philippine law requires at least five (5) incorporators/stockholders, who all must be natural persons, to be registered in the Articles of Incorporation. The board of directors exercises the corporate powers and manages the business of the corporation. A director must hold at least one share in the corporation, and majority of the directors must be Philippine residents. Generally, the initial corporate officers are the President, the Treasurer, and the Secretary. The Secretary must be Filipino, the Treasurer must be a Philippine resident, and the President must be a director.

We offer three packages for company registration:

  1. Basic Incorporation Package
  2. Full Incorporation Package
  3. Full Incorporation + Virtual Office Package

These packages include our professional fees, but exclude government fees, notarial fees, and other out-of-pocket expenses that are dependent on the capitalization requirement of the proposed company.

  • Basic Incorporation
  • PHP 30,000 /fixed fee
    • Name Verification with the Securities and Exchange Commission
    • Drafting of Articles of Incorporation and By-Laws
    • Preparation of Treasurer’s Affidavit
    • Processing of Bank Certificate (if required)
    • Drafting of Pre-Incorporation Agreement, Subscription Agreement for Shareholders
    • Preparation of other documents required for foreign shareholders
  • Purchase Now
  • Full Incorporation
  • PHP 50,000 /fixed fee
    • Basic Incorporation Package
    • Barangay Permit
    • Mayor’s Business Permit
    • Bureau of Internal Revenue Tax Identification Number Registration
    • Social Security System Registration
    • Philhealth Registration
    • Pag-IBIG Fund Registration
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  • Full Incorporation + Virtual Office
  • PHP 80,000 /fixed fee
    • Full Incorporation Package
    • Virtual Office for 12 months (Business Address and Mail Handling)
  • Purchase Now