| Form |
Number of partners/shareholders |
Minimum and/or maximum capital |
Liability |
Registration fee |
Release of financial documents |
|
The Corporation is a joint-stock company.
|
Minimum 5 shareholders, maximum 15. Majority of shareholders have to be Philippine residents. No maximum after the constitution.
|
No minimum. 25% must be subscribed.
25% must be released at the incorporation.
|
Liability is limited to the amount contributed.
|
0.1% of the capital amount, with a minimum of PHP 200 and a maximum of PHP 100,000, that is to say USD 3,850 .
|
Annual accounts are published for quoted companies and for companies with more than 20 shareholders.
|
|
Close Corporation is a close joint-stock company
|
Maximum 20
|
No minimum. 25% must be subscribed.
25% must be released at the constitution.
|
Liability is limited to the amount contributed.
|
0.1% of the capital amount, with a minimum of PHP 200 and a maximum of PHP 100,000, that is to say USD 3,850.
|
Annual accounts are published for companies quoted on the stock exchange and companies with more than 20 shareholders.
|
|
Sole Partnership is a single-member company
|
Only 1 person
|
No minimum capital.
|
Liability is unlimited.
|
About PHP 110.
|
Accounts are audited, but not necessarily published.
|
|
General Partnership
|
Minimum 2 partners
|
No minimum capital.
|
Liability is unlimited.
|
About PHP 110.
|
Accounts are audited, but not necessarily published.
|
|
Limited Partnership
|
Minimum 2 partners
|
No minimum capital.
|
Liability is limited to the amount contributed.
|
About PHP 110.
|
Accounts are audited, but not necessarily published.
|
