Register and Open a Representative Office in the Philippines
Setting up and registering a representative office in the
Philippines is a process that involves different procedures and
documentation requirements. We specializes in assisting foreign
companies set up and register representative offices in the
Philippines. We will provide consultancy services to you and your
company, and assist in processing pertinent documents and
permits.
What is a Representative Office?
A representative office is a foreign-owned corporation
established by its parent company to conduct non-transactional
operations in the Philippines. Representative offices are easier to
set-up than both branches and subsidiaries, since they do not
engage in transactional operations.
What you need to know before registering a Representative Office
in the Philippines
- Representative offices exist under foreign laws, and are fully
subsidized by their head offices
- Representative offices are not qualified to register with
either PEZA or BOI
- Representative offices are not subject to income taxes, but are
not allowed to generate income from any services performed in the
Philippines.
- Representative offices in the Philippines are suitable for
these types of industries:
- Information dissemination
- Communication centers
- Customer Service centers
- Quality Control centers
- Product promotion
- Marketing
- Representative offices are not allowed to offer their services
to third parties
What are the requirements for registering a Representative
Office?
Listed below are the documentation requirements for registering
a representative office in the Philippines:
- Form F-104;
- Name verification slip;
- Authenticated copy of a board resolution, which must:
- authorize the establishment of the representative office
- designate the office's resident agent
- stipulate that in the absence of the agent, summons may be
served to the SEC
- Financial Statements;
- Of a date not exceeding 1 year immediately prior to the
application
- Certified by an independent CPA from the home country;
- Affidavit of solvency;
- Authenticated articles of incorporation;
- Proof of inward remittance;
- Registration Data Sheet;
- Resident Agent's acceptance of appointment
What are the procedures in setting up a Representative
Office in the Philippines?
Enumerated below is the complete procedure in registering a
representative office in the Philippines:
- Company must reserve a name for its representative office from
the Philippines Department of Trade and Industry (DTI);
- Company must present all documentation requirements for
pre-processing at the Philippines Securities and Exchange
Commission (SEC);
- Company must present verification of paid-up capital from a
local bank;
- Company must present their resident agent's appointment
confirmation;
- Company must pay all filing fees to the designated
cashier;
- Company must obtain registration from the records division of
the SEC;
- Company must complete all licensing procedures with the
pertinent government agencies