Asia
Solo foreign founders, Philippines
The One Person Corporation under the Revised Corporation Code lets a single shareholder incorporate with no minimum capital for domestic export activity. SEC registration runs through eSPARC, and the OPC carries limited liability without the partnership formalities of older structures.
OPC structureSingle shareholdereSPARC
Start setup {placement} 4 min · no card required
Corp tax
25%
Fastest setup
6 weeks
Tax treaties
43
Region
Asia
What you'll need
- No resident director required
- Local registered office required
- Economic-substance test applies
- Minimum capital: No minimum capital
- Administrative language: English
- Legal system: Civil law
Tax and treaty profile
- Corporate tax 25%
- Tax treaties 43
- VAT rate 12%
- Withholding on dividends 25%
Key treaty partners
United StatesJapanSingaporeUnited KingdomGermanyCanada
Banking and payments
- Banking takes 2 to 4 weeks with KYC
- Stripe not supported
- Wise supported
- EMI license framework available
Considerations
If you serve the Philippine domestic market
Foreign owned domestic market enterprises require USD 200,000 paid in capital under the Foreign Investments Act, reduced to USD 100,000 with advanced tech or 50 direct employees. The Anti Dummy Law criminalises nominee arrangements designed to circumvent these thresholds.
USD 200K paid inAnti Dummy LawDomestic market caps