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Fees and timelines in 2023

Fees

Pay fee by instalmentsPhilippines business registration costs in Year 1 amount to US$7,350 and annual company costs in Year 2 and thereafter amount to US$0. The average fee per engagement amounts to US$17,920, which includes company registration, company secretary fee, and corporate bank account opening. Refer to draft invoice embedded in the icon below:

Different Philippines entity types Cost Draft invoice
Branch of a foreign company US$25,410 View invoice PDF
Joint stock company (JSC) US$17,920 View invoice PDF
Joint stock company with nominee services US$26,310 View invoice PDF
Joint stock company with employment visa US$20,000 View invoice PDF
Free zone company US$17,750 View invoice PDF
Representative office US$20,900 View invoice PDF
Holding company (regional non operating headquarters) US$15,150 View invoice PDF
Holding company (regional operating headquarters) US$20,510 View invoice PDF
Private foundation (non stock company) US$20,490 View invoice PDF
Sole proprietorship US$10,500 View invoice PDF
Commercial agency US$14,600 View invoice PDF
One person corporation (OPC) US$24,473 View invoice PDF
2 person corporation US$21,850 View invoice PDF

Click here to create your own Philippines invoice

Other fee considerations

Timelines

The average Philippines engagement period is 16 weeks as outline below.

Services JSC Free zone company Branch Representative office Regional headquarters Regional operating headquarters Sole proprietorship Foundation
Engagement Planning 1 week 2 weeks 1 week 1 week 1 week 1 week 1 week 1 week
Company incorporation 2 months 2 months 2 months 2 months 2 months 2 months 3 weeks 12 weeks
Bank account approval 2 months 2 months 2 months 2 months 2 months 2 months 2 months 2 months
Internet banking approval 2 weeks 2 weeks 2 weeks 2 weeks 2 weeks 2 weeks 2 weeks 2 weeks
Engagement completion 1 week 1 week 1 week 1 week 1 week 1 week 1 week 1 week
Total engagement period 4-5 months 5 months 4-5 months 4-5 months 4-5 months 4-5 months 3-4 months 6 months

philippines business registration engagement period timeline

  • Preparing a detailed project plan;
  • Our Client confirms the corporate structure;
  • Collecting due diligence from our Client.
  • Our Client signs the corporate bank account opening forms;
  • Healy Consultants prepares a business plan;
  • Healy Consultants visits the bank for interview;
  • The Bank Legal and Compliance Department review and approve the banking application;
  • The Bank Front Office email corporate bank account numbers to our client.
  • The Bank Operations Department mails the internet username and passwords to our Client;
  • Some of our Clients’ request Healy Consultants to activate the internet banking on their behalf.
  • Healy Consultants confirms all Client due diligence is received;
  • Healy Consultants couriers to our Client the complete original company and bank account documents;
  • Our Client completes our web page feedback survey;

Contact us

For additional information on our company registration services in Philippines, please contact our in-house country expert, Mr. Simon Guidecoq, directly:
client relationship officer - Simon
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