Philippines
Living, work, immigration, education & business — official links and practical guides
Key Facts
Basics
Economy
Source: World Bank Open Data (CC BY 4.0) · 2024 · Last checked: 2026-07-06
Tax snapshot
Source: National tax authority · Cross-check: OECD · PwC · KPMG · Last checked: 2026-07-16
Headline national rates only — surcharges, local taxes and reliefs are excluded. Verify the current rate with the authority before relying on it.
At a glance
An English-speaking market where almost every obligation has a national and a local half: registering a company is only the start of getting permits, and working legally needs a labour permit and an immigration visa from two different agencies. Foreign ownership is capped by activity rather than by a single rule.
Best for
Companies building English-language service or support operations, employers hiring locally at scale, and founders whose activity sits outside the restricted list.
Who this may not suit
Anyone expecting a single registration to make them operational, or a foreigner planning full ownership of an activity the negative list restricts.
Main routes in
Key trade-offs
- National registration does not make a business operational: local permits and tax registration are a second layer with their own renewals.
- How much of a company a foreigner may own depends on the activity, so the structure has to be settled before incorporation, not after.
- Employment is protective: security of tenure and statutory thirteenth-month pay are part of the cost base, not optional extras.
First steps
- 1 Check the foreign-equity limit for your intended activity before choosing a structure or a partner.
- 2 Budget the local layer from the start: barangay clearance, the mayor's permit and BIR registration all precede lawful operation.
- 3 If hiring a foreign national, plan the labour permit and the visa together — one does not substitute for the other.
What changes often
- · Which activities the Foreign Investment Negative List restricts
- · Minimum paid-in capital rules and the conditions that reduce them
- · Local permit fees and renewal calendars, which are set city by city
Equity limits, capital rules and permit steps are revised — confirm the current position with the SEC and the relevant local government before committing. Securities and Exchange Commission (SEC) ↗