Which kind of structure to register in the Philippines?
By Victor Viana, Triple I
Shall I establish a subsidiary or an extension of my company abroad? Are there tax incentives for companies looking to invest in the Philippines? What is capital required? These are some of the questions that we have to answer on a daily basis. We try to make companies understand the Philippines and explain why is the Philippines one of the most difficult countries in the world to register your business – 170 out of 189 countries according to the starting of business ranking of the Doing Business Report 2014, a study elaborated by the World Bank.
Before you decide to enter in the Philippines you might have studied important figures such as the size of your target market, the GDP per capita, the economic growth, etc. But have you decided on the ideal structure for your company?
According to your goals and concerns in the market, you must decide within the 7 different structures that the Philippines offers: Solo Proprietorship, Partnership, Domestic Corporation, Branch Office, Representative Office, Regional Headquarters or Regional Operating Headquarters.
Some structures offer lower liability but have a complex structure while others have a simplified structure but have documentary requirements that some multinationals struggle to comply with.
Before you decide to register your business in the Philippines, contact an expert to guide you through the incorporation.
Victor Viana, Client Services Department Manager
Triple I, Unit 616 Tower One Stock Exchange, Makati City, Philippines 1226
T: +63 917 546 39 69
Consulting multinationals and increasing the Foreign Direct Investment in the Philippines is our passion at Triple i. With over 100 hundred companies registered in the Philippines Triple i does not only represent your company during all the steps of the business setup. We advise you on the proper structure, draft the corporation documents and assure you a smooth and efficient incorporation in the Philippines.
published: July 2014