Hassle-free business setup in the Philippines
One-stop shop, end-to-end business setup in the Philippines. Let’s start by checking what business structure is best for you by taking a 2-minute quiz.
SOLOPRENEUR OR CORPORATION PATH? 🤔
Your personal roadmap to building a business in the Philippines
Are you considering building a business in the Philippines? Our founder has written a free roadmap to help you make informed decisions about ownership, taxes, growth plans, and more!
Business Setup Plans
Yes, we know. It is stressful to launch a new business, especially with the tedious paperwork, and back and forth trips to different government agencies. This is why THRIVE offers one-stop shop, end-to-end business setup plans so you can hit the ground running in no time. We provide hassle-free service for the most common company types through our out of the box packages. Check FAQ’s below for more information on payment terms and out-of-pocket expenses.
Sole Proprietorship
₱ 20,000Simplest and fastest way to register. Single owner controls all assets & profits and can freely mix business and personal assets.
DELIVERABLES:
BONUSES: (FREE!)
One Person Corporation
₱ 45,000Enjoy most of the benefits of a traditional corporation without the need to bring in more business partners.
DELIVERABLES:
BONUSES: (FREE!)
Regular Corporation
₱ 60,000Corporations can be 100% Filipino Equity, 60% Filipino 40% Foreign Equity, and more than 40% Foreign Equity.
DELIVERABLES:
BONUSES: (FREE!)
Still got questions? Consult our business setup experts!
Click the button below to book a 30-minute deep-dive session where we will look into your quiz results, answer your questions and produce an action plan to implement into your business, starting immediately.
Frequently Asked Questions
We gathered the answers to some popular questions below.
If you can’t find your question below feel free to contact us, and we’ll be happy to help.
What is the scope of THRIVE’s business setup services?
THRIVE offers business setup services to local and foreign entrepreneurs looking to register a business in the Philippines. We provide end-to-end assistance, from advising on the appropriate legal entity, company formation either in DTI or SEC, registration with the BIR, application for business permits in the city and employer registration to SSS, Philhealth and PagIBIG..
We offer expert advice to businesses of all sizes, from small-and-medium enterprises (SMEs) to multinational corporations, on the most suitable business entity you can register, whether your purpose is to incorporate a local company or obtain licensing for setting up your back-office or regional headquarters in the Philippines.
We can also help you assess the suitability of your market-entry plans while evaluating the following:
- Nature of business
- List of business activities to engage in
- Capital requirements on the chosen industry (and options for reducing the minimum capital required for starting operations)
- Appointment of Nominee Director/s or Resident Agent
- Designation of Corporate Officers (President, Corporate Secretary, Treasurer, etc.)
- Need for special or secondary licenses/permits (if client will engage in a regulated industry)
- Ideal location for the business
- Staffing requirements to assess the approximate size of office space and facilities
How long does it take to register a new business in the Philippines?
The timeframe of registration will vary depending on the business entity type that you will choose, as well as the completeness of the requirements. Regulatory approval also is a factor in the timeline.
Based on our experience, we have setup businesses end-to-end (SEC to BIR to LGU to SSS, Philhealth & PagIBIG) within 1-2 months.
How do I know which business structure is best for me?
It depends on the extent of process you want, impact on taxes, growth plans and industry. You can take our free 2-minute quiz to help you assess. Or, we can discuss via a 30-minute deep-dive session and customize a plan that best suits you.
How do I sign up for a business setup service?
- Select which plan you wanted to go with here.
- You will be directed to a form to provide contact information. Fill this out so our business setup experts can reach out to you after signing up.
- Pay the 50% down payment and advance for actual costs.
- A business setup expert will reach out to you for onboarding and project start.
Do you outsource this activity to a 3rd party team or do you have an in-house team?
THRIVE employs its own team of business registration experts, compliance officers and liaising agents. Your data and papers are safe with us.
What are the usual requirements for business registration in the Philippines?
The requirements vary depending on the type of business entity that you wish to register (OPC, Domestic Corporation, Sole Proprietorship, Foreign Corporation). However, you should at least accomplish the following pre-registration requirements in order to begin the registration process:
- Desired company name (prepare 3 options)
- Contract of lease of your office / business address / virtual office
- Appointed resident agent for foreign corporations
If you need help in accomplishing the above items, please mention this in your consultation with our representative from THRIVE.
I don’t have a physical office. What are my options?
Don’t worry! You can actually get a virtual office in your city of choice. We offer affordable virtual office plans at THRIVE Spaces. Check them out here.
Why do I have to pay 50% as down payment? Any payment terms?
- 50% down payment of professional fees before project starts
- 25% partial payment of professional fees upon completion of DTI/SEC and BIR
- 25% full payment of professional fees upon completion of registration
How about actual fees to be paid to the government during registration? Are there any estimated out-of-pocket costs I need to prepare for?
THRIVE required 100% advance for registration expenses (subject to liquidation) before project starts – to be used for actual costs to the government agencies
- Amount of advance that is subject to liquidation: ₱ 20,000.00
- All other out-of-pocket expenses to be incurred above the advance as a result of the activities shall be for the client’s account.
- Any excess shall be returned to you
Here is an estimated cost computation we usually share to clients based on a corporation with at least ₱ 1 million authorized capital:
