{"id":5534,"date":"2020-03-29T23:20:00","date_gmt":"2020-03-29T15:20:00","guid":{"rendered":"https:\/\/pnl-law.com\/blog\/?p=5534"},"modified":"2020-05-19T03:54:44","modified_gmt":"2020-05-18T19:54:44","slug":"minimum-paid-up-capital-for-corporations-in-the-philippines","status":"publish","type":"post","link":"https:\/\/pnl-law.com\/blog\/minimum-paid-up-capital-for-corporations-in-the-philippines\/","title":{"rendered":"Minimum Paid-Up Capital for Corporations in the Philippines"},"content":{"rendered":"\n

No minimum capital stock<\/a> is required for stock corporations<\/a> under the Revised Corporation Code<\/a>, except when specifically provided by law. The Securities and Exchange Commission (SEC) has a matrix (accessed on 29 March 2020) of the required minimum paid-up capital (paid-up capital is the portion of the authorized capital stock which has been subscribed and actually paid),  according to industry, for the registration<\/a> of Philippine corporations. This covers foreign-owned domestic corporations<\/a>, when not covered by the Negative List<\/a>.<\/p>\n\n\n\n\n\n\n\n

<\/td>Break bulk agent<\/td>P250,000<\/td><\/tr>
<\/td>Cargo consolidator<\/td>P400,000<\/td><\/tr>
<\/td>Financing company – main<\/td> <\/td><\/tr>
<\/td> * 1st<\/sup> class cities<\/td>P10,000,000<\/td><\/tr>
<\/td> * Other municipalities<\/td>P5,000,000<\/td><\/tr>
<\/td> * Municipalities<\/td>P2,500,000<\/td><\/tr>
<\/td>Financing company – branch<\/td> <\/td><\/tr>
<\/td> * 1st<\/sup> class cities<\/td>P1,000,000<\/td><\/tr>
<\/td> * Other municipalities<\/td>P500,000<\/td><\/tr>
<\/td> * Municipalities<\/td>P250,000<\/td><\/tr>
<\/td>Freight forwarders<\/td> <\/td><\/tr>
<\/td> * Domestic<\/td>P250,000<\/td><\/tr>
<\/td> * International<\/td>P2,000,000<\/td><\/tr>
<\/td> * Health maintenance organization<\/td>P10,000,000<\/td><\/tr>
<\/td>Insurance<\/td> <\/td><\/tr>
<\/td>Insurance broker<\/td>P20,000,000<\/td><\/tr>
<\/td>Reinsurance broker<\/td>P20,000,000<\/td><\/tr>
<\/td>Insurance broker & reinsurance broker<\/td>P50,000,000<\/td><\/tr>
<\/td>Life insurance company<\/td>P1,000,000,000<\/td><\/tr>
<\/td>Non-life insurance company<\/td>P1,000,000,000<\/td><\/tr>
<\/td>Reinsurance company<\/td>P2,000,000,000<\/td><\/tr>
<\/td>Investment adviser\/manager<\/td>P10,000,000<\/td><\/tr>
<\/td>Investment company<\/td>P50,000,000<\/td><\/tr>
<\/td>Investment house<\/td>P300,000,000<\/td><\/tr>
<\/td>Lending company – main<\/td>P1,000,000<\/td><\/tr>
<\/td>Lending company – branch<\/td> <\/td><\/tr>
<\/td>1st<\/sup> class cities<\/td>P300,000<\/td><\/tr>
<\/td>Other municipalities<\/td>P150,000<\/td><\/tr>
<\/td>Municipalities<\/td>P75,000<\/td><\/tr>
<\/td>Mining<\/td> <\/td><\/tr>
<\/td>Authorized capital stock<\/td>P100,000,000<\/td><\/tr>
<\/td>Paid-up capital stock<\/td>P6,250,000<\/td><\/tr>
<\/td>Non-vessel operating common carrier<\/td>P4,000,000<\/td><\/tr>
<\/td>Pawnshop<\/td>P100,000<\/td><\/tr>
<\/td>Pre-need plan insurer<\/td>P100,000,000<\/td><\/tr>
<\/td>Pre-need plan agent<\/td>P5,000,000<\/td><\/tr>
<\/td>Recruitment for local employment<\/td> <\/td><\/tr>
<\/td>Corporation<\/td>P500,000<\/td><\/tr>
<\/td>Partnership<\/td>P200,000<\/td><\/tr>
<\/td>Recruitment for overseas employment<\/td>P5,000,000<\/td><\/tr>
<\/td>Retail trade with foreign equity<\/td>US$2,500,000<\/td><\/tr>
<\/td>School (for stock corporations)<\/td> <\/td><\/tr>
<\/td> * Elementary education<\/td>P1,000,000<\/td><\/tr>
<\/td> * Elementary & secondary education<\/td>P2,500,000<\/td><\/tr>
<\/td> * Elementary, secondary, tertiary<\/td>P5,000,000<\/td><\/tr>
<\/td>Security agency<\/td>P500,000<\/td><\/tr>
<\/td>Securities broker\/dealer (New\/SRO-member)<\/td>P100,000,000<\/td><\/tr>
<\/td>Securities broker\/dealer (Existing\/SRO-member)<\/td>P10,000,000<\/td><\/tr>
<\/td>Securities broker\/dealer in proprietary shares (Non-SRO-member)<\/td>P5,000,000<\/td><\/tr>
<\/td>Special purpose vehicle<\/td>P31,250,000<\/td><\/tr>
<\/td>Special purpose corporation<\/td>P5,000,000<\/td><\/tr>
<\/td>Transfer agent<\/td>P1,000,000<\/td><\/tr>
<\/td> <\/td> <\/td><\/tr>
<\/td>Domestic corporations with more than 40% foreign equity<\/td> <\/td><\/tr>
<\/td> * Domestic market enterprise<\/td>US$200,000<\/td><\/tr>
<\/td> * Export market enterprise<\/td>P5,000<\/td><\/tr>
<\/td>Foreign branch office<\/td> <\/td><\/tr>
<\/td> * Domestic market enterprise<\/td>US$200,000<\/td><\/tr>
<\/td> * Export market enterprise<\/td>P5,000<\/td><\/tr>
<\/td>Partnership with foreign partner<\/td> <\/td><\/tr>
<\/td> * Domestic market enterprise<\/td>US$200,000<\/td><\/tr>
<\/td> * Export market enterprise<\/td>P3,000<\/td><\/tr>
<\/td>Foreign representative office<\/td>US$30,000<\/td><\/tr>
<\/td>Regional area headquarters (RHQ)<\/td>US$50,000<\/td><\/tr>
<\/td>Regional area headquarters (ROHQ)<\/td>US$200,000<\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"

No minimum capital stock is required for stock corporations under the Revised Corporation Code, except when specifically provided by law. The Securities and Exchange Commission (SEC) has a matrix (accessed on 29 March 2020) of the required minimum paid-up capital (paid-up capital is the portion of the authorized capital stock which has been subscribed and […]<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1340],"tags":[235,1276,252,579,578,1349,90,1253,231],"class_list":["post-5534","post","type-post","status-publish","format-standard","hentry","category-foreign-investments","tag-corporations","tag-foreign-corporations","tag-foreign-investment","tag-foreign-investors","tag-investments","tag-paid-up-capital","tag-philippines","tag-revised-corporation-code","tag-securities-and-exchange-commission"],"_links":{"self":[{"href":"https:\/\/pnl-law.com\/blog\/wp-json\/wp\/v2\/posts\/5534","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pnl-law.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pnl-law.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pnl-law.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/pnl-law.com\/blog\/wp-json\/wp\/v2\/comments?post=5534"}],"version-history":[{"count":5,"href":"https:\/\/pnl-law.com\/blog\/wp-json\/wp\/v2\/posts\/5534\/revisions"}],"predecessor-version":[{"id":6717,"href":"https:\/\/pnl-law.com\/blog\/wp-json\/wp\/v2\/posts\/5534\/revisions\/6717"}],"wp:attachment":[{"href":"https:\/\/pnl-law.com\/blog\/wp-json\/wp\/v2\/media?parent=5534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pnl-law.com\/blog\/wp-json\/wp\/v2\/categories?post=5534"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pnl-law.com\/blog\/wp-json\/wp\/v2\/tags?post=5534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}