PhilippinesKey facts
- Region
- Asia
- Corporate tax
- 20–25%
- VAT
- 12%
- Currency
- PHP
- Time zone
- PHT
- Language
- English
Key advantages
- 25% corporate tax (20% for small).
- English as an official business language.
- Access to 115m consumers.
Entity types
| Type | Full name | Tax | VAT | Min. capital | Setup time | Best for |
|---|---|---|---|---|---|---|
| Corp. | Stock Corporation | 25% | 12% | PHP 5,000 | 6–10 weeks | Operating |
| OPC | One Person Corporation | 25% | 12% | PHP 5,000 | 4–6 weeks | Solo founder |
Frequently asked questions
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Company type· Philippines
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