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SERVICES
SPR can help Setup a Foreign-Filipino Stock
Corporation
Would
you like to plan to build a large project in the Philippines?
And like to secure your investment as much as possible.
We recommend that you establish a corporation. As a
foreign-Filipino stock corporation you can own land
and engage into with regular Philippine businesses with
own bank accounts with foreign currency in your own
name. You can also transfer money in and out of the
Philippines with out any restrictions. The establishment
of the corporation takes a rather extensive papers shuffle
and a lot of time. The selectivity of your partners
is crucial to your business. A regular Philippine corporation
requires a minimum of 5 people, of which at least 3
of them have to be Philippines citizens (or Philippine
corporations), who at the time of establishing the corporation
own at least 60% of the shares.
The
cost to establish / register such a corporation, with
for example US $ 100,000 capital, including all registration
fees, fees for the Philippine partners etc. would amount
to roughly US $ 2'000.-
What
is less expensive here then in Europe if we compare
are annual cost, such as accountants, bookkeepers etc..
Depending
on how big the corporation is, those cost will be about
US $ 1'000.- per year.
Services
offered to our clients are tailored to meet their needs
and include:
- Full
Stock/Share holdings
- Full
asset and property holdings
Interested?
Send us an inquiry here!
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