Establish a Domestic Corporation in the Philippines
We assist in every stage of the registration procedure, so you can get your business up and running fast. Whether you want to create a stock or non-stock business, our team has the expertise you need.
Domestic Corporation Equity
Nationality is a key consideration for determining the type of domestic corporation you can establish. Equity can be configured as follows:
- 100% Filipino stockholders
- 40% foreign stockholders
- 40.01% foreign equity
Take note that foreigner ownership is restricted in certain industries, as stated in the Philippine Foreign Investments Negative List.
How to Register a Corporation with Launchpad?
- Get in touch with the team to get a free proposal and quote.
- Choose the right package for your needs and sign the service agreement
- Give information about the place of your business.
- Pay the service fee. You can choose to pay all at once or by installment.
- Send in the first set of documents needed for registration (e.g. valid IDs, client information sheet).
- Sign the papers and wait for the permits to be send to you.
What Incorporation Services Does Launchpad Offer?
Choose from our pre-incorporation and post-incorporation services below. We help you process the key requirements for domestic corporation registration.
Our Pre-Incorporation Services
SEC Registration
BIR Registration
LGU Registration
SSS/PhilHealth/Pag-IBIG Registration
Corporate Bank Account Opening
Name search availability (up to 10 names)
One-time name reservation
Drafting of the Articles of Incorporation and By-laws
Treasurer’s affidavit
Stock and transfer book registration
GIS drafting
Bank certificate processing (if required)
Documentary Stamp Tax (DST) for Lease
Documentary Stamp Tax (DST) for Shares
Registration fee
Certificate of registration
Books of accounts
Authority to print receipts and invoices
Processing of primary and secondary receipts
Barangay clearance
Zoning and/or locational clearance
Sanitary permit
Fire clearance
Cedula
Insurance
Direct lessor coordination
Business Permit / Mayor's Permit
Our Post-Incorporation Services
SEC Post-Incorporation Report
Bookkeeping, Tax Compliance
BIR Year-End Audit Assistance
Payroll Services
1. Preparation and submission of 1st GIS
2. Preparation and submission of MC No. 28, s.2020 compliance
3. Preparation and registration for MC No. 01, s.2021 compliance
4. Preparation and OST Registration for MC No. 03, s.2021 compliance
Important deadlines:
- GIS is due within 30 days after annual meeting
- All MCs on the list are due 30 days after incorporation
1. Standard Xero Subscription
● Send invoices and quotes
● Enter bills
● Review/reconcile bank transactions
● Capture bills and receipts
● Reconcile transactions in bulk
● Short-term cash flow and business snapshot
2. Xero Training
3. Monthly reports generated from Xero
● Create Financial Statements
● Bank Reconciliation Statements (must share bank
statements)
● General Ledger Schedule
4. Tax Compliance
● Monthly computation and preparation of BIR tax returns
● Monthly remittance return of creditable income taxes withheld Expanded (BIR Form 0619E)
● Monthly value-added tax declaration (BIR Form 2550M)
● Quarterly computation and preparation of BIR tax returns
● Income tax withheld at source including Quarterly Alphalist of Payees (BIR Form 1601EQ)
● Income tax return including SAWT (BIR Form 1702Q)
● Value-added tax, which includes summary list of sales and purchases (BIR Form 2550Q)
1. Comprehensive Audit
2. Income Tax Return preparation and submission (with audited financial statements)
What are the Payroll Service inclusions?
1. Payroll computation using recommended time-keeping software
2. Pay slip distribution. Emailed to employees every pay period
3. Reports for filing which includes:
● SSS PRN (Contribution Collection List)
● SSS Salary Loan Payment (ML-1)
● SSS Loan Collection (ML-2)
● Pag-IBIG Fund MCRF
● Pag-IBIG Fund STLRF
● PhilHealth SPA
● PhilHealth Employers’ Report
● Remittance Return of Income Taxes Withheld on Compensation (BIR 1601-C)