| Minimum Paid-Up Capital Requirements |
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(This is based on the Manual issued by the Securities and Exchange Commission or SEC.) Based on Industry: * Break Bulk Agent -- P250,000.00 * Cargo Consolidator -- P400,000.00 * Financing Company ** Metro Manila and other 1st class cities -- P10,000,000.00 ** Other classes of cities -- P5,000,000.00 ** Municipalities -- P2,500,000.00 * Freight Forwarders ** Domestic -- P250,000.00 ** International -- P2,000,000.00 * Foundations (Non-stock corporations) --P1,000,000.00 (Working Capital) * Health Maintenance Organization -- P10,000,000.00 * Insurance ** Insurance Broker -- P250,000.00 ** General Agent -- P250,000.00 ** Reinsurance Broker -- P500,000.00 ** Investment Adviser/Manager -- P10,000,000.00 * Investment Company -- P50,000,000.00 * Investment House -- P300,000,000.00 * Mining -- P2,500,000.00 * Non-Vessel Operating Common Carrier -- P4,000,000.00 * Pawnshop -- P100,000.00 * Pre-Need Plan Issuer -- P100,000,000.00 * Pre-Need Plan Agent -- P5,000,000.00 * Recruitment for Local Employment ** Corporation -- P500,000.00 ** Partnership -- P200,000.00 * Recruitment for Overseas Employment -- P2,000,000.00 * Retail Trade with Foreign Equity -- US$2,500,000.00 * School (for stock corporation) ** Elementary Education -- P1,000,000.00 ** Elementary & Secondary Education -- P2,500,000.00 ** Elementary, Secondary, Tertiary -- P5,000,000.00 * Security Agency -- P500,000.00 * Securities Broker/Dealer (New/SRO-Member) -- P100,000,000.00 * Securities Broker/Dealer (Existing/SRO-Member) -- P10,000,000.00 * Securities Broker/Dealer in Proprietary Shares (Non-SRO-Member) -- P5,000,000.00 * Special Purpose Vehicle -- P31,250,000.00 * Transfer Agent -- P1,000,000.00 Based on Foreign Equity: * Corporation with more than 40% foreign equity ** Domestic Market Enterprise -- US$200,000.00 ** Export Market Enterprise -- P5,000.00 * Foreign Branch Office ** Domestic market enterprise -- US$200,000.00 ** Export market enterprise -- P5,000.00 * Partnership with foreign partner ** Domestic Market enterprise -- US$200,000.00 ** Export Market enterprise -- P3,000.00 * Foreign Representative Office -- US$30,000.00 * Regional Area Headquarters (RHQ) -- US$50,000.00 * Regional Operating Headquarters (ROHQ) -- US$200,000.00
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Older posts:
- SEC online verification still down --
- Minimum Capitalization in Registering a Corporation --
- Required Number of Corporate Directors --
- Business Names Law --
- How to register a PARTNERSHIP with the SEC --