Professional Documents
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Under the Foreign Investment Act, the minimum paid-up capital requirement for a
corporation considered Domestic Market Enterprise (DME) or one whose foreign equity
exceeds 40% is US$200,000, which amount must be remitted into the Philippines.
The registration requirements do not apply to export-oriented enterprise or involve
advance technology and will employ at least 50 employees.
Stock Corporation
100% Filipino Equity
Documentary requirements
Bank Certificate showing paid in capital
Articles of Incorporation and By-laws
Treasurer’s Affidavit
Registration Data Sheet
Endorsements / Clearances from other government agencies (if applicable)
BIR Form 1904 - Application for Registration for One-Time Taxpayer and Persons
Registering under E.O. 98 (Securing a TIN to be able to transact with any Government
Office)
Documentary Requirements
› Individual
1) Any identification issued by an authorized government body (e.g.
Birth Certificate, passport, driver’s license, Community Tax
Certificate) that shows the name, address and birthdate of the
applicant;
2) Passport (in case of non-resident alien not engaged in trade or
business);
3) Marriage Contract, if the applicant is a married woman;
› Non-Individual
› Document to support transaction between a non-resident foreign
corporation and the withholding agent (e.g. bank certification, invoice,
contract, etc.).
Procedures
Accomplish BIR Form 1904 and submit the same together with the
documentary requirements to the RDO having jurisdiction over the
residence of the applicant.
Deadlines
› Application shall be accomplished and filed before transacting with
any government agencies or instrumentalities.