Philippines (the) flag Philippines (the): Operating a Business in the Philippines

Starting a business in the Philippines

Legal Forms of Companies

The Corporation is a joint-stock company.
Number of partners: Minimum 5 shareholders, at least 3 shareholders must be Philippine.
Capital (max/min): PHP 5,000.
Click here for details.
Shareholders and liability: Liability is limited to the amount contributed.
Sole Partnership is a single-member company
Number of partners: Only 1 person
Capital (max/min): No minimum capital.
Shareholders and liability: Liability is unlimited.
General Partnership
Number of partners: Minimum 2 partners
Capital (max/min): PHP 3,000.
Shareholders and liability: Liability is unlimited.
Limited Partnership
Number of partners: Minimum 2 partners
Capital (max/min): PHP 3,000.
Shareholders and liability: Liability is limited to the amount contributed.
The Competent Organisation
The Securities and Exchange Commission (SEC).
 
Setting Up a Company Philippines (the) East Asia & Pacific
Procedures (number) 13.0 7.3
Time (days) 33.0 29.7

Source: Doing Business, 2016

 
Business Setup Procedures
Consult Doing Business Website, to know about procedures to start a Business in Philippines.
Department of Trade and Industry (DTI

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Latest Update: September 2022