Company incorporation in the Philippines
Registering a company in the Philippines is hassle-free and easy. YKG Global will be able to save you time and energy. Peoples who are familiar with the entire process, they know that Canadian company registration is straightforward. You will be able to time and resources to other business channels with the help of YKG Global. Our team of experts will help you to gain seamless experience in the process of Foreign Company Registration in the Philippines.
Our services include the below.
- Name Reservation
- Preparation of documents as MOA/AOA/Shareholder agreement
- Registered office, Physical or virtual
- Tax Registration
- Trade license registration
- Corporate bank account opening
- Annual accounting and tax services
- Provision of nominee director
Process and timeline.
- Reserve a Company Name: Verify and reserve a unique company name through the SEC web-based system.
- Open a Bank Account: Deposit the required paid-up capital and get an encashment certificate.
- Filing to the SEC: The application should be submitted to the SEC with the submission of all documents and registration fees.
- Register with SSS, PhilHealth, and Pag-IBIG: Register for employee benefits with SSS, and PAG_IBIG.
- Registration with BIR: Obtain TIN, register for tax purposes, and secure the Certificate of Registration.
- Get Local Permits: Secure Barangay Clearance and Mayor's Permit where the business is located.
- SSS, PhilHealth, and Pag-IBIG Registration: Employees' benefits will be registered to the mentioned agencies
Types of companies in the Philippines.
- Sole Proprietorship: A sole proprietorship is a business owned and operated by a single individual. It's the simplest form of business structure to set up and manage. The owner is personally responsible for all debts and liabilities of the business.
- Corporation: A corporation is a separate legal entity from its owners. It has its own rights and responsibilities. Shareholders have limited liability, meaning they are only liable for the amount they invested in the corporation. Corporations can be stock corporations, which issue shares, or non-stock corporations, which do not.
- Cooperative: A cooperative is a business owned and controlled by its members, who often share similar interests or needs. Cooperatives are usually organized for mutual benefit, such as providing goods or services to their members at a lower cost. They are commonly used in agriculture, credit, and consumer sectors.
- Branch Office: A branch office is a permanent establishment of a foreign corporation in the Philippines. It represents the parent company's interests and is subject to Philippine laws and regulations. Branch offices can engage in business activities similar to domestic corporations.
- Representative Office: A representative office is a liaison office of a foreign corporation in the Philippines. It's primarily used for promotional and market research activities. Representative offices do not engage in business operations and have limited activities.
Benefits of company registration in the Philippines.
- Strategic Location
- Growing Economy
- Skilled and English-Speaking Workforce
- Tax Incentives
- Ease of Doing Business
- Access to the ASEAN Market
- Foreign Ownership Flexibility
- Special Economic Zones and IT Parks
- Low Labor Costs
- Favorable Demographics
- Cultural Affinity with Western Countries
- Strong Support for SMEs
- Growing Digital Economy
- Free Trade Agreements (FTAs)
How YKG Global will assist you in Company Registration in the Philippines
End-to-end assistance: With YKG Global, you will get assistance from expert Chartered Accountants (CA) and Certified Practicing Accountants (CPA) who understand Canadian corporate laws and regulations. We handle the complete registration process and post-registration compliance with bank account support.
Online Process: You can register your company in the Philippines remotely and there is no need to visit the Philippines. At YKG Global, our team in the Philippines will handle the entire process, from due diligence and name reservation to obtaining incorporation certificates, and tax registrations. For the corporate bank accounts you may need to visit there, it depends on the bank's requirement.
Fast & Transparent Timelines: Once all documents are received, our team will conduct due diligence and reserve your preferred company name. after the company incorporation, our team will provide you with registration documents, and certificate of incorporation, and other key documents.
We will assist you in opening your bank account within 30 days of incorporation, providing you with all required forms and support for KYC (Know Your Customer) processes.
Customized Solutions according to Business Activities: YKG Global advises you to choose the best company structure that suits your business needs, whether it is a Private Limited company, public company, sole trader, branch office, or representative office. Our expert will advise you through the legal and operational implications of each type.
Over Four Decades of Expertise: With over 40 years of experience and a global presence in more than 40 countries, YKG Global has a very good understanding of the Philippines's business registration and compliance.
Global Connectivity and Strong Relationships: Our team has very strong relationships with banks and regulatory authorities enabling us to smoothen your entry into the Canadian market.
YKG Global will make your company registration in the Philippines simple and hassle-free.
