Philippine Incorporation Incorporate & Protect Investment Assets
Business Incorporation Creation Services
We provide fast affordable Philippine incorporation services for individuals, corporations, and investors wanting to form a Philippine business structure for conducting business in the Philippines, and holding Philippine real estate title and other Philippine investment assets. We provide total and complete Philippine incorporation services from company name reservation, documents preparation, filing processing of articles of incorporation and by-laws, tax department filings, and local business permits. Contact us with your specific requirements so we may advise you on all the best possible options available.
Foreign Ownership of Philippine Real Estate & Assets
Foreigners can best protect their Philippine investments in purchasing Philippine real estate and other investment assets by creating a Philippine Corporation. The corporation structure is customized and tailored as the foreign incorporator sees fit to best protect their Philippine investment assets and interests.
Foreign Ownership as a Philippine Corporation
The safest, lowest risk way with the most benefits for foreign nationals to protect their Philippines investments in real estate is for the Foreign national and or foreign corporation to create a Philippine corporation to hold title. This allows the Philippine corporation of a foreign national or foreign corporation the most secure control of their Philippine real estate investment, and other Philippine investment assets as well. Foreign nationals, and corporations may 100% own a Philippine condominium or town home without forming a corporation. For private land, residential home with land lot and or commercial building with land lot ownership the foreign national and or corporation forms a Philippine Corporation to take ownership of the property. A foreign national may be the sole person on the Philippine corporation bank account once after the Philippine corporation has been created and provided they have the proper Philippine visa providing a ACR or Alien Certificate of Registration. Thus allowing the foreign national total control over the funds derived from and paid out from the Philippine Corporation and from the income and or sale of the assets or real estate properties within the corporation.
Form a Philippine Corporation to hold Title
We provide our foreign national clients complete Philippine incorporation services to protect their Philippine investment interests. Most incorporations are simple and affordable to process depending on the type of corporation to be formed. Different types of corporations have different rules, regulations, and minimum capital funding requirements. Typical incorporations to hold Philippine real estate may be a General Real Estate Company for example. Consult us for further information on the type of Philippine corporation you wish to form to hold real estate investments in and or run business operations from. Contact us with your specific requirements for further information and costs to create a Philippine Corporation.
Advantages of Incorporating
Risk Protection from Personal Liability
Limiting liability often is the most important reason for small business owners to incorporate. Assuming that all the legal requirements for establishing and maintaining a corporation have been met, a corporation is treated as a separate legal entity and, as such, incurs business debts or liabilities on its own behalf. Typically, this means that, as a shareholder, you are not personally held liable for the debts and obligations of the corporation if the company cannot pay its debts or is sued. The only exception to this rule is that when company assets are not enough to pay corporate debts. But even then, shareholders are only liable only up to the extent of their shareholdings. On the contrary, in a partnership, a proprietor's or partner's home, savings, and other assets can be seized to pay the debts of the business.
Tax Benefits & Incentives
Incorporating has a number of tax advantages. Corporations have greater flexibility in deducting fringe benefits and other expenses. The cost of salaries, bonuses, education benefits, and dependent care assistance are among the benefits deductible by corporations. Certain types of corporations may also enjoy tax holidays under Philippine laws.
Disadvantages of Incorporation
Can Be Complex
Forming and maintaining a corporation in good standing requires a significant amount of paperwork, record keeping and accounting. When a corporation is first established, articles of incorporation must be filed. Typically, corporations must hold and record minutes of annual shareholder and director meetings and document major decisions by directors. Also, a corporation needs to keep excellent financial records to facilitate the filing of more complicated tax returns.
Knowledge First Then Decide To Create A Plan
Incorporating your business is not a decision to be taken lightly or without the proper analysis of your company's circumstances. We can help you determine whether incorporating makes good business sense or whether you should consider another type of entity such as LLC, partnership or single proprietorship. Like a corporation, these two entities have advantages and disadvantages, so it's a good idea to learn about them first before deciding what legal form your business should take.
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