Fees and timelines
Fees
Philippines business registration costs in Year 1 amount to US$6,350 and annual company costs in Year 2 and thereafter amount to US$0. The average fee per engagement amounts to US$21,960, 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$23,460 | View invoice PDF |
Joint stock company (JSC) | US$21,960 | 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$18,850 | 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 |
Click here to create your own Philippines invoice
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 | 8 weeks | 9 weeks | 8 weeks | 8 weeks | 8 weeks | 8 weeks | 3 weeks | 12 weeks |
Bank account approval | 4 weeks | 4 weeks | 4 weeks | 4 weeks | 4 weeks | 4 weeks | 2 weeks | 4 weeks |
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 | 16 weeks | 18 weeks | 16 weeks | 16 weeks | 16 weeks | 16 weeks | 9 weeks | 20 weeks |