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Expert Assistance for Corporation & LLP Registration
| Feature | Corporation (Private Limited) | Limited Liability Partnership (LLP) |
|---|---|---|
| Legal Status | Separate Legal Entity | Separate Legal Entity |
| Liability | Shareholding is limited to a certain amount | Limitation on contributions from partners |
| Minimum Members | 2 shareholders plus 2 directors | 2 partners |
| Compliance Requirements | Higher (Annual audit and SEC filings) | The lower (Audit only for high-revenue LLPs) |
| Taxation | 25% tax on corporate income + 10 percent dividend tax | 30% tax pass-through (profits taxed at the level of the partner) |
| Fundraising | It's easy with equity, venture capital and investors | Limited, primarily through debt or contributions from partners |
| Transferability | Shares are transferable easily | Partner interests require the approval of other partners |
Most basic structure that is managed and owned by a single person. It's easy to sign up at the Department of Trade and Industry (DTI) but it comes with no personal liability and is therefore ideal for freelancers or very small-sized businesses.
Partnerships are created through the participation of two or more persons who share responsibilities and profits, and must have a registration by the Securities and Exchange Commission (SEC). Partnerships may be general in which the partners are all liable and liability, as well as Limited with at the very least one partner has the protection of a limited liability.
It is distinct legal structure from its shareholders, resulting in only limited responsibility and access to financing. It is required to have at minimum two incorporators as well as 2 directors, SEC registration, and annual reports. The corporation is also qualified for foreign ownership as high as 100 percent in certain sectors.
A single person establishes a corporation with minimal liability, and enjoys a simpler compliance. This is a good choice for entrepreneurs, consultants and small-sized companies who want to protect their business from legal liability without the need for multiple shareholders.
offers its flexibility as a partnership, while also having the benefit of a limited liability for the members. Profits are taxed at a personal level, which makes LLPs an ideal choice to legal firms, consultancy firms, as well as professional service.
Ideal for foreign companies that are looking to enter to the Philippine market. Branch Offices and Representative Offices are suitable for foreign companies looking to enter the Philippine market. Branch Office is able to conduct business and generate revenues and generate revenue, whereas Representative Offices can only generate revenue. Representative Office is limited to liaison or marketing activities. Each requires SEC registration as well as foreign investment compliant.
The incorporation of a corporation or Limited Liability Partnership (LLP) confers your business legal independence as well as ensuring that the personal belongings of your clients are secure from the business's liabilities. The structure additionally improves your credibility with vendors, banks as well as potential investors.
Philippines Corporations benefit from a 25 % tax rate on corporate income for small businesses and LLPs adhere to a pass-through taxation structure in which profits are taxed at the level of partners. This can help businesses legally lower their tax burden and improve savings.
An authorized company can employ workers contract, sign agreements and lease properties, create corporate bank accounts and expand across the country without any legal hurdles. It also offers an excellent foundation for global or regional scaling.
Corporations are the preferred model to raise venture capital and angel financing as well as international investment. Shareholding models are the sharing model facilitates easy distribution of equity and allows for a smooth fundraising process.
LLPs allow simplified compliance and bespoke profit-sharing agreements which makes them ideal for consulting, professional services and law companies. The partners can arrange the amount of earnings according to contributions or agreements.
The two Corporations as well as LLPs safeguard individual assets--such as savings, homes and automobiles against corporate obligations or claims, granting entrepreneurs peace of mind financially.
Discuss your business goals and the entity form in our expert group.
Submit 3-4 name options in the SEC (Securities and Exchange Commission) for approval.
Make Articles of Incorporation and By-Laws and notarized documents.
Incorporate documents must be filed with the SEC for Corporations and LLPs.
Find the Tax Identification Number (TIN) and register for VAT, if needed.
Get your authentic SEC Certification of Registration which makes your business legally operational.
The entire registration process is completed online through the Ministry of Corporate Affairs (MCA) portal. Our experts handle all paperwork and filings on your behalf.
Name Approval: We suggest 3-4 name options based on MCA guidelines and check availability in real-time before submission.
Digital Signature: Required for all directors/partners to sign documents electronically. We arrange Class 3 DSC from certified authorities.
SPICe+ Form: This integrated form combines company registration, PAN, TAN, EPFO, ESIC, GST (optional) and bank account opening.
The incorporation process for companies within the Philippines typically is 7-10 working days from the time you submit all documents until you receive the SEC Certificate of Registration.
For those who have urgent needs, we also offer the prioritised speed-track option that allows registration to be completed in 7 work days with speedy document handling as well as filing.
Our Philippines business package for registration were designed in order to make registration completely transparent and without fees hidden. The total cost of your registration will be based on:
We provide comprehensive packages that include the filing fee for government agencies along with professional charges and compliance documents providing you with an easy process for forming your company.
Essential Incorporation
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Note: Government fees vary based on authorized capital (for Pvt Ltd) and number of partners (for LLP). Contact us for exact pricing for your specific requirements.
After registering the details of your corporation, LLP, or OPC after registration, a variety of post-registration procedures are vital to ensure smooth operations and legal compliance
It is mandatory to issue official receipts for filing income tax VAT registration (if appropriate).
This includes Barangay Clearance, Mayor's Permit as well as other local registrations needed for legal operation.
You can qualify to receive government incentives such as tax holidays, government incentives, as well as funding assistance through the Startup Philippines program.
It is essential to Separating personal and business financial accounts and to ensure efficient financial processes.
Secure your trademark and brand to protect your intellectual rights within the Philippines.
A well-designed accounting systems ensure compliance with BIR and help prepare for audits every year.
Included are General Information Sheets (GIS), Financial Statements as well as other obligatory reports.
When you file your tax returns on time, it is important to submit the income tax return, taxes on VAT and other taxes that are applicable to be free of penalties.
| Feature | Sole Proprietorship | Partnership Firm | OPC | LLP | Corporation (Pvt. Ltd.) |
|---|---|---|---|---|---|
| Legal Status | No separation | No separation | Separate | Separate | Separate |
| Liability | Unlimited | Unlimited | Limited | Limited | Limited |
| Minimum Members | 1 | 2 | 1 | 2 | 2 shareholders plus 2 directors |
| Maximum Members | 1 | Unlimited | 1 | Unlimited | 200 |
| Compliance Level | Low | Low | Medium | Medium | High |
| Taxation | Personal tax | Personal tax | Corporate tax | Pass-through | Corporate tax |
| Fundraising Ability | Limited | Limited | Limited | Limited | Easy (Equity, VC, Foreign) |
| Credibility | Low | Medium | High | High | Highest |
Your perfect business is dependent on many elements:
You could begin with a basic design and expand when your business expands:
If you're constructing a business that can grow or planning to raise funds shortly, a Philippine Corporation offers limited liability and the ability to accept foreign and local investors.
Recommended: Corporation (Private Limited Company)
Professionals transitioning from single projects to organized operations may benefit from formal registration to enhance their credibility.
Recommended: One Person Corporation (OPC) or Limited Liability Partnership (LLP)
Professional services can earn credibility and become eligible for larger contracts by having proper registration.
Recommended: LLP or Corporation
Owners, Restaurants, retailers, and local businesses can establish formal operations, open corporate bank accounts, and gain access to finance with the proper registration.
Recommended: Corporation or LLP
Financial advisors, lawyers, and creative experts who wish to minimize personal liability while working professionally.
Recommended: OPC or LLP
Non-residents seeking to expand or start a business in the Philippines can register for FDI compliance to gain access to the local market.
Recommended: corporation with foreign ownership rights
The team has achieved success in integrating more than 1000 businesses for international and local clientele across the Philippines.
Starting with SEC enrolment to BIR conformance. We manage all the steps online. There is no need to make physical trips.
Our prices offer an upfront, clear pricing with no hidden costs that covering government fees, filings and documentation.
The person-to-person relationship supervisor assists you with each step to ensure you're registered fast and securely.
We support entrepreneurs and businesses across the major provinces and cities in the Philippines by providing quick and completely online registration of companies.
We assist OFWs, foreign nationals and NRIs with registering their businesses within the Philippines in the fullest compliance with SEC as well as FDI rules.
Make sure you're ready before beginning with the Philippine corporate registration procedure:
Choose 3-4 name choices based on SEC name guidelines and then check availability with the Name Search service for free.
Directors and partners must be ready to sign incorporation forms digitally. We help in the acquisition of secure electronic signature solutions.
You must provide a valid proof of address such as utility bill or lease agreement.
Keep a copy of your passport, government-issued ID card, photo, address, and passport evidence for all directors and partners in a digital format.
Create a clear and concise explanation of your primary business operations to include in the Statutes of Incorporation or LLP Agreement.
Choose the capital that is paid up for a business or contribution from partners to LLPs.
Stay compliant with these key deadlines after incorporation
Startup Philippines is a government-sponsored initiative designed to support businesses driven by innovation and strengthen the nation's startup ecosystem.
Your business must meet these conditions to qualify as a Startup:
Corporation, LLP, or Partnership created within the past 10 years
Not to exceed the threshold set by the SME regulator of the government for the previous year's financial year.
Must demonstrate the ability to innovate or make significant improvements in products or services.
It should not be created through splitting or reorganizing an existing company.
We are experts in helping non-resident Filipinos (NRPs), people who are of Filipino Origin (PFOs), and foreign entrepreneurs in establish businesses in the Philippines, ensuring full compliance with FDI laws and local business regulations.
Making sure that the alignment is in line with the business objectives and the FDI regulations
Help with Notarization and apostille and document authenticity for directors from abroad or partners
Reports that are mandatory to file, like the FDI Registration form with BSP, General Information Sheets and SEC disclosures
Setting up a Corporate Bank account for foreign-owned companies
Know the entire business process from inception to scaling
Choose the entity type, Secure name reservation, and then prepare the documents
Join the SEC and register with the BIR and get local permits
Create an account at a bank, set up the accounting system, and set up the first compliance
Expand operations, add staff, increase funding and ensure IP security
Manage annual tax returns, as well as the reporting required by regulatory agencies
Restructure, buy or shut down your company according to the law
We help you throughout your business's lifecycle to ensure smooth incorporation of compliance, growth, and expansion throughout the Philippines. Our professionals enable you concentrate to focus on developing your company while we handle the legalities.
SEC & DTI Registered Consultants
Startup Philippines Partner
Chartered Accountants Network
Banking Partners
Our close ties to governments and financial institutions and professional networks permit us to: