Stock corporation (Inc. / Corporation) Inc.Philippines
What it takes to form, own and run a private limited company in Philippines, and how its profit is taxed. Each figure links to the page it was read from.
This company type
At a glance
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Any person, partnership, association or corporation, singly or jointly with others
The registry’s and the law’s own pages do not mention it.
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Stock corporations shall not be required to have a minimum capital stock, except as otherwise specifically provided by special law.
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Filing fee for stock corporation: 1/5 of 1% of the authorized capital stock but not less than P2,000.00 plus 1% of the amount as legal research fee;
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All other domestic corporations and resident foreign corporations will be subject to 25% Income Tax.
Form it
Who registers it
- Registry
- Formed without visiting
- Yes
- Formed online
- Yes
What it takes to form
- A notary
- Not stated
The registry’s and the law’s own pages do not mention it.
- A resident director
- Not required
- Paying up the capital
- Not in our records
Own it
Who may own and run it
- Directors
- Not stated
The registry’s and the law’s own pages do not mention it.
- Shareholders
- A company may be one
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Any person, partnership, association or corporation, singly or jointly with others
- Members
- At most 15
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Any person, partnership, association or corporation, singly or jointly with others but not more than fifteen (15) in number, may organize a corporation
- A local company secretary
- Required
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(c) a secretary, who must be a citizen and resident of the Philippines;
- A local registered agent
- Not required
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The place where the principal office of the corporation is to be located, which must be within the Philippines;
Each year, at the registry
- Annual registry fee
- Not in our records
- Accounts on the public record
- Not in our records
- Audit for a small company
- Not stated
The registry’s and the law’s own pages do not mention it.
- Audit
- Annual financial statements audited by an independent CPA; where total assets or total liabilities are under PHP 600,000 they are certified under oath by the treasurer or CFO instead.
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Annual financial statements audited by an independent certified public accountant
Important dates
When each obligation falls due, as the authority states it.
- Register with the Bureau of Internal Revenue
- 30 days after incorporation
With Bureau of Internal Revenue (Revenue District Office)
BIR Citizen's Charter (2025 edition): corporations register within 30 calendar days of the SEC Certificate of Registration (or earlier, on or before commencement of business, reckoned from first sale).
- Report to the SEC the names, nationalities, shareholdings and residence addresses of the d
- 30 days after change of officers
With Securities and Exchange Commission
Revised Corporation Code Sec. 25: 30 days after the election; 7 days from knowledge where a director or officer dies, resigns or otherwise ceases to hold office.
What is public
Not in our records What the register shows the public is not in our records for the Inc..
Tax
Tax on profit
How this company type is taxed, which can differ from its place’s headline rate.
Varies · 20–25%
Domestic corporations: 25%, or 20% where net taxable income does not exceed PHP 5 million and total assets do not exceed PHP 100 million (effective 1 July 2020).
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All other domestic corporations and resident foreign corporations will be subject to 25% Income Tax.
- CFC rules in Philippines
- Not in our records
Close it
Closing it
The other end, which most guides leave out.
- Route
- Voluntary dissolution by board and stockholder vote (no creditors affected) or by verified petition to the Commission (creditors affected); involuntary dissolution by the Commission on grounds including continuous inoperation.
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A corporation formed or organized under the provisions of this Code may be dissolved voluntarily or involuntarily.
- Statutory fee
- Not in our records
Every business in Philippines
VAT
- Standard rate
- Not in our recordsThe tax authority’s pages have not been read for Philippines.
Payment and banking services
1 service names Philippines on its own list: Airwallex. Each provider, and what a listing means.
Reference
Its name and code
- Kind
- Private limited companyDerived our grouping, the same words in every country
- Name in law
- Stock corporation (Inc. / Corporation) (Inc.)
- ISO 20275 code
- WHGHSecondary GLEIF, Entity Legal Forms code list