Malaysia Hotline: +603- 2141 8908
The following are types
of business forms in the Philippines which are organized under Foreign Laws
1. Branch Office – is a
foreign corporation organized and existing under foreign laws that carries out
business activities of the head office and derives income from the host
country. It is required to put up a minimum paid up capital of US$200,000,
which can be reduced to US$100,000 if activity involves advanced technology, or
company employs at least 50 direct employees. Registration with the SEC is
mandatory.
2. Representative Office
– is a foreign corporation organized and existing under foreign laws. It does
not derive income from the host country and is fully subsidized by its head
office. It deals directly with clients of the parent company as it undertakes
such activities as information dissemination, acts as a communication center,
and promotes company products, as well as quality control of products for
export. It is required to have an initial minimum inward remittance in the
amount of US$30,000 to cover its operating expenses and must be registered with
the SEC. Under Republic Act (RA) 8756, any multinational company may establish
a Regional Headquarter (RHQ) or Regional Operating Head Quarter (ROHQ) as long
as they are existing under laws other than the Philippines, with branches,
affiliates, and subsidiaries in the Asia Pacific Region and other foreign
markets.
3. Regional Headquarters
(RHQs) – An RHQ undertakes activities that shall be limited to acting as
supervisory, communication, and coordinating center for its subsidiaries,
affiliates, and branches in the Asia-Pacific region. It acts as an administrative
branch of a multinational company engaged in international trade. It does not derive income from sources within
the Philippines and does not participate in any manner in the management of any
subsidiary or branch office it might have in the Philippines. Required capital
is US$50,000 annually to cover operating expenses.
4. Regional Operating
Headquarters (ROHQs) – An ROHQ performs the following qualifying services to
its affiliates, subsidiaries, and branches in the Philippines.
– General administration
and planning
– Business planning and
coordination
– Sourcing/procurement
of raw materials components Corporate finance advisory services
– Marketing control and
sales promotion
– Training and personnel
management
– Logistic services
– Research and
development (R&D) services and product development
– Technical support and
communications
– Business development
– Derives income in the
Philippines
– Required capital:
US$200,000 – one time remittance
Contact us
If you have further queries, please contact Tannet
24 hours Malaysia hotline：603-21418908;
24 hours Hong Kong hotline：852-27837818;
24 hours Hong Kong hotline：86-755- 36990589;
Email: mytannet@gmail.com
TANNET GROUP : http://www.tannet-group.net, http://en.tannet.com.my