Philippines
About Business in Philippines
A country with low business tax burden and a growing Southeast Asian market. Well-developed finance and banking services (easier to open accounts), numerous preferential economic zones (IT parks, industrial SEZs) with zero VAT on exports and duty-free equipment imports. Large English-speaking workforce and low labor costs make the Philippines attractive for outsourcing and digital business. Restrictions: foreigners cannot own land, maximum share in several sectors (media, transport, education, etc.) is limited; base corporate tax rate around 25%.
Why Choose Philippines?
Stable Jurisdiction
Onshore jurisdiction with clear regulatory framework
Crypto Friendly
Progressive regulations for digital assets and blockchain
Remote Setup
Complete registration process without visiting the country
Tax Structure
Crypto & Digital Assets
Restricted. Crypto payments not mandatory (not legal tender), trading allowed (business and individuals). Local exchanges (Coins.ph, PDAX etc.) under BSP/SEC supervision. Corporate accounts possible upon registration. Trading profits taxed as income.
Banking Options
Possible but strict KYC
With connections/visa
Legal & Compliance
Substance Requirements
Office and staff preferred
Double Tax Treaty Network
Limited
Ideal For
BPO, local services/IT
Ownership Structure
100% foreign ownership allowed in many sectors. Constitution limits foreigners in some areas (media, land ownership, certain services).
Reputation & Considerations
Developing market, medium risks
Available Services
What's Included in Basic Registration
- Company registration with local authorities
- Business license
- Company seal/stamp
- Certificate of incorporation
- Basic compliance setup
Registration Process
Ready to Start Your Business in Philippines?
We'll connect you with trusted local partners to handle every step of the registration process. Starting from just $4,200.
Quick Facts
- Processing Time 3-4 weeks
- Corporate Tax ≈25%
- Foreign Ownership Restricted
- Remote Registration Yes
- Crypto Restricted
- Jurisdiction Onshore
- Remote Bank Account No
- Visa for Banking Required
Have Questions?
Our team can help answer your questions about company registration in Philippines
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