What is a domestic corporation?
A Domestic Corporation is a popular choice – along with A Branch Office or a Representative Office – for doing business in the Philippines.
A Domestic Corporation can be 100% owned by a foreigner so long as it is not on the Negative List of forbidden industries.
What are the Requirements for a Domestic Corporation?
A Domestic Corporation in the Philippines can be incorporated so long as you have the following requirements – the rest can be created and addressed by us during the process. Let us know if you have questions at any point.
Company Information
Corporate Officers
Physical Location
Capitalization Amount
Atty Britanico and
Incorporation in The Philippines
A domestic corporation is one that is duly organized and established in the Philippines. It has its own separate juridical personality which shields its incorporators and officers from liability. It can be foreign-owned subject to the negative list and capitalization requirements. It is generally the best option for those who want limited liability protection. FCB Law Office would be happy to help in your Incorporation journey.
Atty Britanico, Founder
What are the Advantages & Disadvantages
of a Domestic Corporation?
A Domestic Corporation offers full protection from liability and has less minimum capitalization cost vs a Branch or Representative Office but is subject to more taxes than a Representative Office. However, it is generally a good choice when revenue will be generated in the Philippines and when it is not an extension of a previously existing business entity.
Full Limited Liability
Less Capitalization Cost vs Branch or Representative Office
30% Income Tax, VAT
Full Board Needed vs Branch or Representative Office
What is the Incorporation Process?
Further Reading
Guide to Child Support in Philippine Law
To File a case for Child Support in the Philippines you will need to prepare documents that prove the child’s paternity, show the Spouse’s financial capacity and itemize the child’s expenditures. Read more…...
Child Custody and Child Travel To and From the Philippines
Child custody issues are often intertwined with concerns about the child’s travel into and out of the Philippines. This discusses the interplay between the two...
Frequently Asked Questions
What is a domestic corporation in the Philippines?
Can foreigners own a domestic corporation in the Philippines?
How do I incorporate a domestic corporation in the Philippines?
- Choose a corporate name and reserve it with the Securities and Exchange Commission (SEC).
- Prepare the Articles of Incorporation and By-laws, which contain details such as the corporate name, purpose, principal office address, capital structure, and the names and details of the incorporators and directors.
- Obtain a Treasurer’s Affidavit, which states that the required paid-up capital has been subscribed and paid.
- Secure required clearances, licenses, or permits from relevant government agencies, depending on the nature of the business.
- File the required documents with the SEC and pay the necessary fees.
- Obtain a business permit from the local government unit where the business will operate.
- Register the corporation with the Bureau of Internal Revenue (BIR), Social Security System (SSS), Philippine Health Insurance Corporation (PhilHealth), and Home Development Mutual Fund (HDMF or Pag-IBIG Fund).
What are the requirements for incorporators and directors?
What is the minimum paid-up capital required for a domestic corporation?
What are the ongoing compliance requirements for a domestic corporation?
- Annual submission of the General Information Sheet (GIS) to the SEC
- Regular board and stockholders meetings, as provided in the By-laws
- Filing and payment of corporate income tax, value-added tax (VAT) or percentage tax, and other applicable taxes with the BIR
- Annual registration with the BIR and payment of the annual registration fee
- Submission of financial statements to the SEC and BIR
- Compliance with SSS, PhilHealth, and Pag-IBIG Fund regulations for employee benefits