Considering the exciting prospect of launching your business in the Philippines? Well, let me fill you in on the nitty-gritty of registering a company with De Castro Consulting.

Starting a business in the Philippines is undeniably thrilling, but it demands careful planning, especially when it comes to managing your budget. In this guide, we’ll break down the costs associated with registering a company in the Philippines through De Castro Consulting. We’ll cover fees for various company types, delve into additional expenses to factor in, and share some savvy strategies to save you money.

Let’s unravel the intricacies of registering a company in the Philippines with De Castro Consulting. We’ll explore the costs involved in setting up different company types, shed light on additional expenses you should be aware of, and offer some handy tips to keep your expenses in check.

Here’s a key nugget: You don’t have to make a personal trip to the Philippines for the registration process. We’ve got it covered through our representatives or trusted third-party service providers, ensuring a seamless experience for you.

Types of Companies and Their Registration Costs in the Philippines:

Now, let’s get down to brass tacks and understand the costs associated with registering various types of companies. At De Castro Consulting, we specialize in assisting foreigners with three primary company types: Domestic Corporation, Representative Office, and Branch Office.

 

• Domestic Corporation:

Imagine a Domestic Corporation as a distinct entity within the Philippines. The registration journey involves steps like name registration, filing articles of incorporation, securing permits, and tax registration.

The approximate total cost for registering a Domestic Corporation with De Castro Consulting is USD 9,050 or PHP 507,021.73. This covers charges, government fees, and essential add-on services like Corporate Secretarial Service, Treasurer in Trust Nominee, and Virtual Office.

 

• Representative Office:

If market research and promotional activities are your game, a Representative Office is your ally. Though it can’t engage in revenue-generating activities, it’s a valuable tool for understanding the local market.

The total cost for registering a Representative Office with De Castro Consulting starts from USD 6,850 or PHP 383,767.83. This includes incorporation registration, government fees, and indispensable add-on services like Resident Agent and Treasurer in Trust.

 

• Branch Office:

Picture a Branch Office as an extension of your foreign corporation in the Philippines. Registration involves obtaining a Tax Identification Number, acquiring certificates, and navigating government procedures.

The approximate total cost for registering a Branch Office with De Castro Consulting starts from USD 6,850 or PHP 383,767.83, encompassing incorporation registration, government fees, and critical add-on services like Resident Agent, Treasurer in Trust, and Virtual Office.

Launching your business in the Philippines entails more than just registration costs. Additional expenses, such as office rent, employee salaries, and communication expenses, can vary based on your company’s size and intended activities.

To steer clear of unnecessary expenses, smart decisions like opting for virtual office, co-working spaces, and leveraging Employer of Record (EOR) services can be game-changers.

At De Castro Consulting, we’re not just about registrations; we simplify the entire process for foreigners venturing into the Philippines. From assessing requirements to liaising with government agencies and helping you obtain permits and licenses, consider us your one-stop guide for a seamless business setup.

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