Questions, answered.

• What is Korp?

  Korp is a business setup and compliance partner that helps founders register, run, and stay compliant in the Philippines—without the usual bureaucracy and confusion.

• Who is Korp for?

  Local founders, foreign founders, solo entrepreneurs, startups, and growing teams looking to incorporate or manage compliance in the Philippines.

• Is Korp a law firm?

  No. Korp is a business solutions and support services company. We handle company registration and corporate compliance directly.

• Can I talk to a human?

  Yes. You’ll be assigned a dedicated point of contact—no ticket hell.

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• Who do you work with for services outside Korp’s scope?

  • Accounting, tax filings and payroll: Proseso Consulting, a separate company. It can also act as your Treasurer after incorporation.
  • Corporate bank account: UnionBank of the Philippines.
  • Legal advice and representation: licensed law firms.

• What types of businesses can Korp register?

  • Domestic corporations: Filipino-owned, mixed, or up to 100% foreign-owned, with individual or corporate shareholders
  • Non-stock corporations
  • One Person Corporations, for a single Filipino owner
  • Branch offices and representative offices of foreign companies

• Can foreigners own a company in the Philippines?

  Yes. Foreigners can own up to 100% unless the business activity is restricted by the Foreign Investment Negative List. Above 40% foreign ownership, a company selling mainly in the Philippines needs US$200,000 in paid-in capital, or US$100,000 with advanced technology, a startup endorsement, or at least 15 direct employees, most of them Filipino. A company that exports at least 60% of its output can be 100% foreign-owned with no minimum capital.

• Is there a minimum capital?

  Not if foreign ownership is 40% or less: Philippine law sets no general minimum for a corporation. Above 40%, the foreign-ownership capital rules above apply. Our packages include the SEC and BIR registration fees for capital up to ₱1,000,000.

• How many people do I need to start a corporation?

  At least two shareholders at incorporation, and at least two directors. Directors must be individuals who hold at least one share each, and the second one can hold a single nominal share. A shareholder can also be a company. A single Filipino owner can choose a One Person Corporation instead.

• How long does company registration take?

  About 10 working days for the SEC certificate when your shareholders are individuals, or 4–6 weeks when a shareholder is a company. BIR registration, the business permit, employer registration and the bank account then take another 4–6 weeks.

• What documents do I need to get started?

  A passport or government ID and basic details for each shareholder, director and officer, plus your company name, business purpose, capital and address. We prepare the articles of incorporation and by-laws. If one of your shareholders is a company, its corporate documents must be apostilled.

• Do I need to be in the Philippines to register a company?

  No. SEC incorporation is fully online. Every signatory signs electronically through the SEC’s system, with no notarization. BIR registration and the business permit run on your authorization through our Corporate Secretary, and the bank account can be opened with e-signature.

• Do I need a registered address in the Philippines?

  Yes. Your articles of incorporation must state a specific principal office in the Philippines: street, barangay and city. It doesn’t have to be your own premises, because our virtual office in Makati or Daet can serve as your registered address.

• Do you provide the resident officers?

  Yes. A Korp officer acts as your Corporate Secretary on an ongoing basis, and we provide a treasurer-in-trust for the incorporation. Neither officer needs a board seat or shares.

• Can you help me open a bank account?

  Yes. Once your BIR registration is done, we introduce you to the bank and support the application. Opening takes about two weeks and can be signed electronically.

• What happens after my company is registered with the SEC?

  We complete the rest of your setup: BIR registration, the business permit from your city, and employer registration with SSS, PhilHealth and Pag-IBIG if you’ll be hiring. After that, our Corporate Secretary service keeps your SEC records and filings in order.

• What is a Corporate Secretary and do I need one?

  A Corporate Secretary is a required officer of every Philippine corporation. They keep the company’s official records, document board and shareholder decisions, and handle filings such as the annual General Information Sheet. Korp provides the role as a managed service for ₱10,000 a month, VAT included.

• What does my company need to file after registration?

  • Monthly and quarterly BIR returns
  • The annual income tax return, by 15 April for a calendar year
  • The General Information Sheet with the SEC, within 30 days of your annual stockholders’ meeting
  • Audited financial statements with the SEC each year
  • The business permit renewal, by 20 January

  Our Corporate Secretary handles the General Information Sheet.

• Do you help with BIR registration and tax setup?

  Yes. We register your company with the BIR, get your Certificate of Registration, and set up your books of accounts and invoices.

• Can Korp manage my compliance monthly?

  Yes, for your corporate compliance. Our Corporate Secretary subscription keeps your SEC records and filings in order all year.

Virtual Office & Address

• What does the Virtual Office service include?

  A registered business address in Makati or Daet. We receive your mail, scan it and forward it to you, and keep your documents safe. It costs ₱3,500 a month in Makati or ₱2,500 a month in Daet, VAT included, billed quarterly.

Pricing & Payments

• How much does it cost to register a company?

  It depends on your ownership structure and the services you need. Every price is on our pricing page. Prices include 12% VAT and, for capital up to ₱1,000,000, the SEC and BIR registration fees.

• Are government fees included?

  Our incorporation packages include the SEC and BIR registration fees for capital up to ₱1,000,000, and your quotation shows the business permit fees as a separate line. You pay the SEC fees on capital above ₱1,000,000, the SEC eSECURE account fee (about ₱400 per account), documentary stamp tax on the original issue of shares, and any other government charges.

• Can I pay from abroad?

  Yes. You can pay by bank transfer in pesos or US dollars.

Process & Platform

• How does the Korp platform work?

  You submit your request, upload documents, track progress, and communicate with our team—all in one place.

• What if I stop halfway through my application?

  Your progress is saved. You can resume anytime.

• Can I request additional services later?

  Yes. The same flow works for future requests (permits, tax, secretary services, etc.).
  

Trust & Security

• Is my data secure?

  Yes. We follow strict data protection standards and only share information with authorized partners when required.

• Who handles my documents?

  Only vetted internal staff and licensed professionals directly involved in your case.

Edge Cases

• Can Korp help if I already have a registered company?

  Yes. We can take over as your Corporate Secretary. A one-time onboarding fee, equal to one month’s subscription, covers the transfer of your records and the SEC filing for the change. If any filings are overdue, we quote the catch-up work first.

• What if my business is non-standard or complex?

  That’s normal. Corporate shareholders, branch offices and representative offices are quoted as custom packages. We’ll assess your case and tell you upfront what’s possible, and what’s not.