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Fees and timelines in 2023

Fees

Pay fee by instalmentsPhilippines business registration costs in Year 1 amount to US$4,850 and annual company costs in Year 2 and thereafter amount to US$0. The average fee per engagement amounts to US$21,850, which includes company registration, company secretary fee, and corporate bank account opening. Refer to draft invoice embedded in the icon below:

Different Philippines entity typesCostDraft invoice
Branch of a foreign companyUS$25,410View invoice PDF
Joint stock company (JSC)US$21,850View invoice PDF
Free zone companyUS$17,750View invoice PDF
Representative officeUS$20,900View invoice PDF
Holding company (regional non operating headquarters)US$15,150View invoice PDF
Holding company (regional operating headquarters)US$20,510View invoice PDF
Private foundation (non stock company)US$20,490View invoice PDF
Sole proprietorshipUS$10,500View invoice PDF
Commercial agencyUS$14,600View invoice PDF
One person corporation (OPC)US$24,473View invoice PDF
2 person corporationUS$21,850View invoice PDF
Regional HQUS$22,850View 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.

ServicesJSCFree zone companyBranchRepresentative officeRegional headquartersRegional operating headquartersSole proprietorshipFoundation
Engagement Planning1 week2 weeks1 week1 week1 week1 week1 week1 week
Company incorporation2 months2 months2 months2 months2 months2 months3 weeks12 weeks
Bank account approval2 months2 months2 months2 months2 months2 months2 months2 months
Internet banking approval2 weeks2 weeks2 weeks2 weeks2 weeks2 weeks2 weeks2 weeks
Engagement completion1 week1 week1 week1 week1 week1 week1 week1 week
Total engagement period4-5 months5 months4-5 months4-5 months4-5 months4-5 months3-4 months6 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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