Business Advisory and Tax Consulting

for companies doing business in the Philippines

Tax Breaks Incentives for Foreign Owned Businesses in the Philippines

Tax is always a concern for local and foreign investors, especially outsourcing and BPO companies. K&C is committed to addressing risks and identifying opportunities and will assist you in choosing a tax effective structure for your business, planning your inbound investment and market entry strategy in the Philippines, and help determine your eligibility for availing of concessions and investment incentives granted under Philippine law. Some tax incentives depend on the geographic location of a business. K&C will identify Philippines Special Economic Zones (PEZA), IT Parks, Technology Parks and IT buildings where businesses and individuals are allowed to avail of special tax breaks in Metro-Manila and other parts of the Philippines.

K&C will perform the following for foreign, outsourcing and BPO companies:

• Determine eligibility for PEZA or BOI
• Process all required documents for PEZA or BOI
• Identify tax risks
• Choose effective tax structure
• Address international & double taxation issues

Philippines PEZA - Philippine Economic Zone Authority

Enterprises registered with the Philippine Economic Zone Authority (PEZA) are entitled to a holiday from income tax and local taxes for three or eight years. After that, they are subject to 5% tax on gross income (sales less direct costs) in lieu of all local and national taxes. Enterprises that are registered with the Subic Bay Metropolitan Authority (SBMA) or Subic Bay Freeport Zone , which administers the economic zone established by the conversion of the former United States military base in Subic, are also subject to the special 5% tax, but are not entitled to tax holidays. The same benefits are accorded to qualified industries registered with the Clark Development Corporation and located in the Clark Freeport Zone .

To avail of the tax breaks and incentives offered by PEZA an enterprise must register with PEZA and locate their operation in one of the PEZA zones, buildings, IT Parks or Technology Parks. PEZA registrants must generally be export-oriented, with enterprises located inside the zones required to export 100% of their production. In some cases PEZA may approve the sale of up to 30% of production in the domestic market. Full foreign ownership of a PEZA enterprise is allowed provided they are not engaged in activities that appear on the Foreign Investment Negative List . PEZA approval and specific incentives granted are on a case by case basis. Applicants must supply an application for providing information on capital structure, nationality of investors and a feasibility report in accordance with a PEZA prescribed format. Applicants should then expect fast turn around once the application is submitted.

Philippines BOI - Board of Investments

The Board of Investments (BOI) provides tax breaks and other incentives registered entities that engage in activities identified as investment priorities or those which promote the general economic development of the Philippines and those that are exported oriented (where export is more than 50% of production or 70% if the enterprise is more than 40% owned by foreign investors). The BOI, in consultation with the public sector comes up with an Investment Priorities Plan listing these industries.

The main advantage for an eligible BOI registered firm are 3-8 year income tax holidays and 4-6 year exemption from local business taxes for pioneer and non-pioneer industries. To be eligible for BOI incentives foreign investors will need to have an equity investment in a Philippine corporation.

Pioneer and Non pioneer projects have different requirements. 100% foreign owned enterprises may avail of incentives if they engage in pioneer projects, export at least 70% of their total production or undertake projects less-developed areas of the country as identified by the BOI. These enterprises are obliged to attain 60% Filipino ownership within 30 years from registration unless they export or will be exporting 100% of their production. For enterprises engaged in non-pioneer projects, foreign ownership is limited 40%, unless the enterprise will export more than 70% of its annual production.

Applying for BOI requires submission of a notarized application indicating the type of projects, how the activity relates to those listed in the Investment Priorities Plan, the production capacity geared to export, the capital structure of the enterprise, and the nationality of its investors. In addition, the company must submit a feasibility report, containing five-year projected financial statements.

Philippines Taxes for Businesses

The Philippine government imposes income tax, VAT (value added tax), estate and donor’s tax, excise taxes, documentary stamp tax, and percentage taxes in the Philippines. Local governments impose local business taxes and real property taxes as well.

Foreign and local businesses in the Philippines that qualify and are registered for tax incentives can avail of income tax holidays and this may be followed by a special tax rate of 5% in lieu of any and all taxes if the business is located in a Philippine Special Economic Zone (PEZA).

Philippines Tax Amnesty Act 2007 Articles >>

Philippines Business Registration and Incorporation

K&C will carefully assess your future business in the Philippines and determine the investment vehicle best for you and your company. We will assist with formation procedure, planning, and registration with the relevant government agencies such as the Philippines SEC, DTI, BIR and other Philippines government agencies. Incentives such as income tax holidays and special tax regimes are available to foreign investment in activities that significantly contribute to national industrialization and socio-economic development, and in export-oriented enterprises. Eligible businesses may then register their businesses with other Philippines government agencies such as PEZA  and BOI .

K&C assist in determining type of company to register in the Philippines:

• Foreign Branch
• Foreign Representative Office
• 100% fully foreign owned domestic corporation
• 60/40 owned domestic corporation 
  
  

K&C will perform the following for foreign, outsourcing and BPO companies:

• Determine company (Foreign Branch, Foreign or 60/40 Domestic Corporation)
• Open local bank account
• Register and secure company name with SEC or DTI
• Identify Shareholders, Directors, Nominees and Incorporators
• Draft Articles of Incorporation and By-Laws
• Process documents with SEC, BOI, PEZA, BIR, SSS, etc
• Process Mayor's Permit and Business Permit

Philippines SEC - Securities & Exchange Commission

Foreign investors usually start and do business in the Philippines through a Domestic corporation or a Branch. Using either entity has its advantages and disadvantages. Corporations are more favorable in terms of administrative regulation. Branches, which may be more advantageous taxwise, cannot be used if the activities to be undertaken are included in the Foreign Investment Negative list . Corporations on the other hand, can accommodate the necessary Philippine ownership.

Forming or registering a corporation requires a minimum of 5 incorporators, each of whom must be actual persons and hold at least a single share in the company. Majority of the incorporators must be Filipino. A Corporation must have between 5 and 15 directors (or trustees if a non-stock corporation), each of whom must have at least one share of stock. A majority of the directors (or trustees) must be Philippine residents. All Domestic Corporations (those incorporated in the Philippines) obtain their license from and are registered with the Securities and Exchange Commission. The SEC will require a prospective Corporation to reserve and register a name, submit proposed Articles of Incorporation and By-Laws which are complaint with the requirements of the Corporation Code of the Philippines, and prove that it has the minimum capitalization requirements pertaining to the industry or business the corporation is engaged in. Under the Foreign Investment Act , the minimum paid-up capital for a corporation considered a Domestic Market Enterprise (DME) or one where the foreign equity exceeds 40% is US$200,000, which must be remitted into the Philippines. The registration requirements do not apply to DMEs that are export-oriented or involve advance technology and will employ at least 50 employees.

A Branch of a Foreign Corporation doing business in the Philippines must obtain a license to do so from the SEC upon registration. The foreign corporation's head office must prove its legal existence in its country of origin, its financial soundness, and its authorization to set up a branch in the Philippines. The Branch will need to appoint a resident agent in the Philippines who will be in charge of receiving summons and legal processes. This allows the SEC and other entities to obtain jurisdiction over the foreign company.

Starting and setting up a branch normally involves remitting US$200,000 as capital investment when registering a company with the SEC in the Philippines. Branches engaged in activities involving advance technology, or that employ at least 50 direct employees, are required to inwardly remit a reduced amount of US$100,000 as assigned capital. Export-oriented branches are not subject to minimum assigned capitalization requirements. Special rules apply for certain types of branch operations. It is advisable for companies to register their remittance with Central Bank of the Philippines or Bangko Sentral ng Pilipinas and obtain a BSRD .

The failure of a foreign corporation to obtain a license to do business will prevent the entity from filing suit in the Philippine courts. The issuance of a certificate of incorporation from the SEC signifies the commencement of corporate existence and juridical personality for a company.

Before commencing operations in the Philippines, businesses must also register with the Bureau of Internal Revenue (BIR), the Social Security System (SSS), the Home Development Mutual Fund (HDMF), the Philippine Health Insurance Corporation (Phil-Health) , and the local government unit where its principal office will be located.

SEC & Other Government Fees for Registation

Philippines DTI - Department of Trade Industry 

An Individual may choose to operate a business as the sole beneficial owner of the business. This is common in small retail trade operations or independent contractors of services. A Single Proprietorship must register with the BIR and they must also register their business name with the DTI through the Bureau of Trade Regulation and Consumer Protection.

Philippines BIR - Bureau of Internal Revenue

All persons subject for internal revenue taxes are required to obtain a Taxpayer Identification Number (TIN) and register and keep books of account. Persons with gross sales or receipt exceeding P150,000 in any quarter must submit audited financial statements with their tax returns. The SEC requires stock corporations with paid-up capital of at least P50,000 upon registration, including branches of foreign corporations, to file the report of an independent certified public accountant (CPA) on their financial statements.

Registration of Foreign Owned Company

• Register BPO, KPO, Outsourcing or Backoffice Company
• Register Call Center Company
• Register IT, Software or Web Development Company
• Register Animation Development or Design Company
• Register Game Development Company
• Register Engineering Company Company
• Register Medical Transcription Company
• Register Legal Transcription Company
• Register Import, Export or Trading Company
• Register Manpower Recruitment Company
• Register Mining Company

Philippines PEZA - Philippine Economic Zone Authority

Philippines BOI - Board of Investments

 

30-A Chatham House

116 Valero, cor. Rufino, Makati, Metro-Manila

Philippines



Phone: (+6...

Fax: (+63)2-856-7720

Mobile: (+63)917-8662266



info@kittelsoncarpo.com

 

Office Space Alabang, Philippines

Class A Office Building	Class B Office Buildings	Class C Office Building

Overview and Towers in Alabang

The Town of Alabang Overview

The town of Alabang, part of the Second district of Muntinlupa City, has undergone tremendous growth in the last decade. it has become an IT park for developing companies. As the Southernmost city of Metro Manila, it has boomed in the last 10 years and acquired urban standards. Because of two large scale commercial real estate development projects namely; the Filinvest Corporate City by the Filinvest Development Corporation, and Ayala Land, Inc.'s Madrigal Business Park which is known to be a technolgy park, both of which changed the landscape of Muntinlupa City--from what was once vast fields of cow pasture in the late 1980s, into a supercity that houses new residential, business, industrial and commercial establishments.  Examples of these are: one of the country's premier shopping centers, Alabang Town Center, the Festival Supermall, the towering Insular Life Towers, the Asian Hospital and Medical Center, and the Northgate Business District, which specializes in hosting IT industries. Nightlife is still relatively staid compared to those of its neighbors, and younger residents often flock to other cities in Metro Manila, particularly Makati, Taguig, or Manila, during the weekend to enjoy the night out.

Many companies from other crowded cities in Metro Manila are moving their base of operations into Alabang, therfore transforming it into an emerging business center. Call centers and BPO companies already exist here with more arriving. This city has recently acquired the status "Most Competitive City" and the "Most Improved City" in the Philippines.

Though Manila Office Space primarily serves Makati and Manila (Downtown) we still have a few office spaces currently listed in Alabang:

• dental clinic for sale (makati/alabang)
• Richville Corporate Centre Prime Office Space P35k/mon (Alabang) PHP30000
• Wanted: PARTNER for Two Story Brand New Building (Las Pinas City Hall area)
• 200 Call Center Seats Available (Plug and Play) in Makati (Makati)

Virtual Offices & Addresses in Metro-Manila, Philippines

Business Address	Receptionist	Work from Anywhere

Virtual Office: The Perfect way of Boosting your Business

Perfect for a home based business or for companies on the verge of establishing themselves in the Philippines.  A Virtual Office is an easy, cost-effective way of boosting your company image by having a prestigious business address in Metro-Manila's commercial business districts of Makati and Fort Bonifacio. Use our professional call handling and mail forwarding services plus much more.

With a virtual office, your business will benefit from the presence of a high-profile office at a fraction of the cost of a traditional office. Our Metro-Manila network of virtual office programs offer everything from personalized telephone answering to private office time in a fully furnished, professionally staffed environment

Virtual Office Space Amenities & Benefits

Enjoy all the benefits of having a fully functioning office without moving from your current location, including priority access to our Metro-Manila (Makati & Fort Bonifacio) offices and meeting rooms.

• Prestigious business address - local addresses for your business cards, letterhead and marketing materials
• Free Network Access Membership - Unlimited access to the offices' professional business lounges citywide
• Mail collection and forwarding - Mail is collected, packages are signed for and sent to you
• Access ready-to-use offices and meeting rooms - Work from any of our locations around Metro-Manila
• On-demand administrative and technical support - Access to our admin and technical IT support teams
• A local phone number - Provide a local phone number to all your contacts
• Personalized call answering - Professional receptionist answers your calls in your companys name
• Call redirecting - Specialized technology enables call redirection to your primary number
• Voice mailbox - Remote setup and retrieval of your personal voicemail 24/7
• Incoming and outgoing faxes - Local fax number; we'll collect and send faxes to you, wherever you are
• Lobby listing - Your company will be listed in the lobby along with all building tenants (additional fees apply)

Property Photo

Property Address

Contact Manila Office Space for Virtual Office Space

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Last Name

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Company

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Phone Number

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Email Address

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Office Space Requirements

Be specific in size, location, and timeline.

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Seat Rentals for Call Centers and BPOs

Desks	Cubicles	Workstations

Seat Rentals Locations for Makati, Manila, Ortigas

Sometimes all you need is a few seats to get your operation started.  You're not looking to sign any complicated or long term contracts.  You just need seats to place your call center or BPO employees.  Manila Office Space specializes in finding you the right setup for the right price.

Seat Rentals typically include:

• Desk and Chair
• Local Highspeed Internet connection
• Power for workstation or Laptop
• Common areas such as lunch room and conference room

Optional Features for Seat Rentals:

• Computer Hardware (Computer and Monitor)
• Keyboard/ Mouse
• VOIP Equipment - Headsets, VOIP Phones

Things to consider before renting seats:

If you already have your own desks, chairs, computers, and VOIP equipment then you would probably be more interested in Temporary Shared Office space.  This way you have full control over your hardware and VOIP specifications.

Current Locations available for Seat Rentals

Building	Type	Location	Details
Rufino Plaza Tower	BPO, Call Center	Makati Central Business District	Seats starting at $150/month Download Seat Information
Buendia	Call Center	Makati	Class A seat rentals with VOIP at $175/seat. Expandable to 500 seats
Salcedo Village	Call Center, BPO	Makati CBD	Workstations at $150/ seat and Call Center Seats at $275. No minimum
The Peninsula Court	BPO, Call Center	Makati CBD	Call Center Seats with VOIP hardware and dialers starting at $175/month
Doña Concepcion Bldg	Call Center	Makati	Shared Call Center Seats starting at $100/month with hardware
Chatham House	BPO	Makati	Seats starting at $125/month
Strata 2000 Building	Call Center	Ortigas	Seats starting at $250/month View Download Seat Informaion

 

Property Photo	Property Address
	560 Call Center Seats in Makati Property Class: A Located along Buendia	More Information about 560 Call Center Seats in Makati

Contact Manila Office Space for Seat Rentals

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*

Last Name

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Company

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Office Space Requirements

Be specific in size, location, and timeline.

*

 

Buildings with Tax Incentives

Ayala Tower	Philamlife	RCBC Plaza

Tax Incentives and PEZA

Tax incentives are made available by the Philippines Board of Investments for certain buildings and special zones.  In some other countries these are sometimes known as IT Parks or Technology Parks. We can help identify these tax incentives for certain buildings and even office units that reside in Special Economic Zones (PEZA) where businesses are allowed to avail of special tax breaks in these various parts of the Philippines.  Tax incentives typically depend on the geographic location of a business. Manila Office Space (MOS) will identify PEZA buildings where businesses and individuals are allowed to avail of special tax breaks in Metro-Manila and other parts of the Philippines.  Most locations have perfect office space options for call centers, IT, BPO, and export companies, which are in "IT Parks" or "Technology Parks".

MOS will perform the following:

• Identify desired office space requirements
• Identify so called, IT Parks or Technology Parks
• Determine company's eligibility for PEZA
• Provide a list of PEZA buildings and office space
• Transportation and viewing of office buildings with real estate brokers
• Negotiate with landlords to assure the best possible price and terms
• Review lease contracts with landlords
• Process all required documents for PEZA

PEZA Overview - Philippine Economic Zone Authority

Businesses registered with the Philippine Economic Zone Authority (PEZA) are entitled to a holiday from income tax and local taxes for four to eight years. After that, they are subject to 5% tax on gross income (sales less direct costs) in lieu of all local and national taxes. Businesses that are registered with the Subic Bay Metropolitan Authority (SBMS) or Subic Bay Freeport Zone, which administers the economic zone established by the conversion of the former United States military base in Subic, are also subject to the special 5% tax, but are not entitled to tax holidays. The same benefits are accorded to qualified industries registered with the Clark Development Corporation and located in the Clark Freeport Zone.

To avail of the incentives offered by PEZA an enterprise must register with PEZA and locate their operation in one of the zones. PEZA registrants must generally be export-oriented, with enterprises located inside the zones required to export 100% of their production. In some cases PEZA may approve the sale of up to 30% of production in the domestic market. Full foreign ownership of a PEZA enterprise is allowed provided they are not engaged in activities that appear on the Foreign Investment Negative List. PEZA approval and specific incentives granted are on a case by case basis. Applicants must supply an application for providing information on capital structure, nationality of investors and a feasibility report in accordance with a PEZA prescribed format. Applicants should then expect fast turn around once the application is submitted.

List of PEZA Accredited Buildings

• 6750 Ayala Avenue Building
• 6780 Ayala
• 6788 Ayala Avenue Building
• Amkor Technology Special Economic Zone
• Asahi Special Economic Zone
• Aurora Tower
• BPI Buendia Center
• Burgundy Corporate Tower
• Convergys IT Building
• Cyber Park Building One
• Diliman IT Building
• DPC Place Building
• East Cyber Gate Building
• Eastwood City Cyberpark
  
  
• EDSA Central IT Center
• EDSA Central IT Center 2
  
  
• E-Square IT Park
• Eugenio Lopez Jr. Communications Center
• Exportbank Plaza Building
• Food Terminal Incorporated Special Economic Zone
  
  
• G. T. Tower International
• Gateway Call Center Office
• Gateway Office Tower
• Global Trade Center
• HTMT Cyber Park
• Insular Life Building
• Insular Life Corporate Center
• JG Summit Center
• JGC Philippines Building
• Libran House IT Center
• MacroAsia Ecozone
• Manila COD IT BUilding
• Manila Harbour Center
• Market! Market!
  
  
• Marvin Plaza Building
  
  
• McKinley Hill Cyber Park
• MSE Center
• Multinational Bancorporation Centre
• Niscom IT Building
• Northgate Cyber Zone
• Octagon IT Building
• Orient Square
• Pacific IT Center
• Pacific Star Building
• PBCom Tower
• PeopleSupport Center IT Building
• Philamlife IT Building
• Philamlife IT Tower
• Philippine International Air Terminals Co.
• PSMT IT Building
• RCBC Plaza IT Park
• Riverbanks Center ICT Building I
  
  
• Riverbanks Center ICT Building II
  
  
• Robinsons Cyberpark
  
  
• Robinsons-Equitable Tower
• Robinsons Place Novaliches
• SDC IT Building
• SM CyberZone 1
  
  
• SM iCity
  
  
• Summit One Office Tower
• The Annex@Shaw
• The Enterprise Center
• The Facilities Centre
• The Paseo Center IT Building
• Unionbank Plaza
• UP Science and Technology Park (North)
• UP Science and Technology Park (South)
• V-Tech Tower
• Victoria Wave Special Zone
• Wynsum Corporate Plaza

Property Photo

Property Address

Contact Manila Office Space for Tax Incentives Buildings

First Name

*

Last Name

*

Company

*

Phone Number

*

Email Address

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Office Space Requirements

Be specific in size, location, and timeline.

*

 

Ayala Tower 1 Makati

Ayala Tower 1 Makati: Amenities

Alabang

Caloocan City

Eastwood Libis

Fort Bonifacio

Makati

Mandaluyong

Manila

Marikina

Muntinlupa

Ortigas

Paranaque

Pasay

Pasig

Quezon City

Taguig

Cebu

Clark

Subic

Business Centers

Full Serviced Office

Leased Office Space

Meeting Rooms

Office Build Out

Seat Rentals

Tax Incentives Buildings

Temporary Shared Office

Virtual Office Space

Office: (+6...

Mobile: (+63)928-5067337

Office Space in Eastwood Libis Philippines

Eastwood: The Newest Economic Center in the Philippines

Formerly known as Bagumbayan, Libis is a newly developed IT park in Quezon City. Libis is surrounded with gated communities like Acropolis, Corinthian Gardens, White Plains and Green meadows. In the west side of Libis houses Camp Aguinaldo and Camp Crame. However, the rest of the area is home to a lot of commercial office space buildings which is continuously being developed.  

Eastwood city, known to be a premier cyber park, is located at the heart of one of the most progressive cities in the Philippines. It is 16 hectare land that is transformed to a state of the art residential, commercial and business district. Eastwood is a popular hang out place for family and friends. It is a city where you can live, work and enjoy. Condominiums and office buildings are surrounded with everyday conveniences like supermarket, stores, school, gym and restaurants.  

For the residential aspect, Eastwood has state of the art infrastructure and its own power and telecommunication lines making it as a technology park as well. For entertainment, Eastwood-Libis has a city walk with wide variety of discos, restaurant and cafes. The area also has a westernized and upscale look and feel to it.

Eastwood-Libis is considered as the newest economic center in the Philippines. Eastwood cyberpark is where top companies such as Citibank and IBM Philippines hold their office. Call centers and BPO companies already exist here with more arriving all the time.  It is an emerging new business center for office rentals. Eastwood-Libis can easily be accessed wherever you are in the metro. The place is near commercial and business districts of Makati and Ortigas.

Ortigas Office Space for Rent or Lease in Ortigas

Class A Office Buildings	Class B Office Buildings	Class C Office Buildings

Rent or Lease your next Office in Ortigas

Ortigas Center is the second most important technology park, commercial and business center after Makati in Metro Manila, Philippines and loaded with commercial office space. With an area of at least 100 hectares, the district is located at the boundary of Pasig City, Mandaluyong City, and Quezon City. It is governed by Ortigas Center Association, Inc.

It is home to many shopping malls, skyscrapers, office space and nightlife bars and restaurants. Ortigas Center is home to the Asian Development Bank, a Shangri-La hotel and is also the headquarters of San Miguel Corporation, Jollibee Foods Corporation, the Philippine branch of HSBC, and many networking marketing companies, BPO and call centers. Call centers and BPO companies already exist here with more arriving because they consider Ortigas to be a major IT park. It also homes the Banco de Oro main office owned by mall taipan Henry Sy, Sr. Ortigas Center is also the location SM Megamall, which was the largest mall in the country prior to the completion of the SM Mall of Asia.

Ortigas Center is also home to three of Metro Manila's largest churches, Greenhills Christian Fellowship, Christ's Commission Fellowship, and Victory Christian Fellowship.

Ortigas Center is surrounded by the streets of EDSA to the west, Ortigas Avenue to the north, Meralco Avenue to the east, and Shaw Boulevard to the south.

Many local and foreign companies are now moving to cyber park Ortigas to take advantage of Ortigas office space.

Ortigas Commercial Offices for Rent and Lease

Listed below are some of the recent listings in our publicly available list:

• RFO Offices_ORTIGAS CBD (PHILIPPINES)
• Office Space in Ortigas (Robinsons Equitable Tower) (ADV ave cor Poveda St. Ortigas Center) PHP583500 12498sqft
• TEKTITE TOWERS 110 SQM FOR RENT | SEMI-FURNISHED (ORTIGAS CBD) PHP44000
• Prime location 4 Rent Ortigas ext. (QC) PHP60000
• Office Spaces Philippines (Ortigas CBD)
• 31sqm Office Unit for Rent - Megaplaza Ortigas (Pasig) PHP14250
• OFFICE SHARING (ORTIGAS) PHP15000
• Office space for rent or sale Ortigas Center & Makati & Q.C. (ortigas center,makati cbd,cebu,luzon,Q.C) PHP350 100sqft
• ☺RFO Offices for Lease☺ (Ortigas CBD)
• PRIME OFFICE SPACE IN ORTIGAS TEKTITE/PSE TOWERS FOR RENT (ORTIGAS CBD) PHP44000