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| Distinguish Content |
Factory | Company | ||||||
| WFOE | OSF | JVs | Business Co. | Branch | Reps. | RHQ | ROHQ | |
Foreign Own |
100% | 100% | 1-99% | 1-60% | 100% | 100% | 100% | 100% |
| Domestic Own | 0 | 0 | 1-99% | 1-40% | 0 | 0 | 0 | 0 |
Minimum Shareholder |
1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 |
| Minimum Director | 5 | 5 | 5 | 5 | 5 | 0 | 2 | 2 |
| Chairman/ President | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
Min. Capital/ US$ |
200,000 | 1,000 | 1,000 | 2,500,000 | 200,000 | 30,000 | 50,000 | 200,000 |
| Where Can Be Set Up | Whole Nation | Whole Nation | ||||||
| Days To Set Up | 60-120 | 60-120 | 60-120 | 60 | 60 | 21 | 60 | 60 |
| Export To Foreign | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Sell To Domestic | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Material Form Foreign | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Material Form Domestic | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Value Added Tax (VAT) | 10% | 10% | 10% | 10% | 10% | 0 | 10% | 10% |
Tax Incentive Program |
4 Or 6 Yrs Free | No | 4 Or 6 Yrs | No | No | No | ||
Net profit Tax |
5% 32% | 5% 32% | 5% 32% | 32% | 32% | 25% | 10% | 10% |
Withholding Tax Dividend |
20% | 20% | 20% | 20% | 20% | No | 20% | 20% |
| Personal Income | 0-32% | 0-32% | 0-32% | 0-32% | 0-32% | 15% | 15% | 15% |
| Levied On Import | 12% | 12% | 12% | 12% | 12% | 12% | 0 | 10% |
| Tax Refund Of Export | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Branch Set Up | Yes | Yes | Yes | Yes | No | No | No | No |
| Reps. Set Up | Yes | Yes | Yes | Yes | No | No | No | No |
| 2009.July. 1US$=48.23PHP=32.76NTD | ||||||||
- 1. Authorize capital for a foreign own company should achieve the minimum registered capital. For the joint venture company the foreign investors can maximum hold 40% of the equity.
- 2. Shareholders are minimum 5 or maximum 15.
- 3. The paid up capital for wholesale distribution trade company is at least USD$2,500,000. Setting up Reps. Is required remittance / bank balance of USD$30,000. The outside sells factory is the company which exporting at least 60% of its product out of the Philippines.
- 4. The foreign enterprise which sets up in the government industrial district enjoys 4 years tax-free, the high-tech factory enjoys 6 year tax-free.
- 5. The enterprises which registered in the Philippine Economic Zone Authority (Subic Bay / Cluck / John Hay / Poro Point / Cagayan / Zamboanga) Pay the 5% income tax.
- 6. Philippine has signed tax treaty with 31 countries and area, the withholding tax is benefit to 10%.