Ocean fishing, commercial (using vessels over 3 tons)
Ocean fishing, commercial using vessels over 3 tons.
Excludes
- Capturing of marine mammals, except whales, e.g. walruses, seals (class 0311 exclusion) 0170
- Processing of fish, crustaceans and mollusks on factory ships or in factories ashore (class 0311 exclusion) 1020
- Rental of pleasure boats with crew for sea and coastal water transport (e.g. for fishing cruises) (class 0311 exclusion) 5011
- Fishing inspection for sport or recreation and related services (class 0311 exclusion) 9319
- Fishing practiced for sport or recreation and related services (class 0311 exclusion) 9319
- Operation of sport fishing preserves (class 0311 exclusion) 9319
Foreign ownership
Foreign equity in this activity is capped at 40% under the Negative List. A local corporation with structured local control is the usual route to the local market.
Legal basis: FINL A.22 · Section 27 of RA No. 8550, as amended by RA No. 10654
Recommended route
Local corporation, structured control
Foreign equity up to 40%, with a structured local-control arrangement
Joint venture
A Filipino partner holds the balance above the 40% ceiling
Entity types
Which structure fits depends on your goal. Rows that suit this activity are highlighted. Open a row for the full detail.
| Structure | 100% foreign | Sell locally | No PH partner | No capital floor | No entity | Min. capital |
|---|---|---|---|---|---|---|
| Domestic corporation | ✓ | ✓ | ✓ | ✕ | ✕ | USD 200k |
| One Person Corporation | ✓ | ✓ | ✓ | ✕ | ✕ | USD 200k |
| Branch office | ✓ | ✓ | ✓ | ✕ | ✕ | USD 200k |
| Representative officeFits | ✓ | ✕ | ✓ | ✕ | ✕ | USD 30k |
| Local corporation, minority foreignFits | ✕ | ✓ | ✕ | ✓ | ✕ | Lower / none |
| Employer of RecordFits | – | ✕ | ✓ | ✓ | ✓ | None |
| Product holdingFits | – | ✓ | ✓ | ✓ | ✓ | None |
Registration path
- 1
SEC
Incorporate the entity
- 2
BIR
Tax registration and books
- 3
LGU
Barangay clearance and Mayor’s permit
- 4
Regulator
Sector license, if the activity needs one
Emerhub files each step with the government; you provide the documents and information.
Minimum paid-up capital
| Situation | USD | PHP |
|---|---|---|
| Domestic-market enterprise (>40% foreign)Paid-up capital for foreign equity above 40% serving the local market. Legal basis: FIA (RA 7042 as amended). | $200,000 | ≈ ₱11.4M |
| Reduced thresholdAt least 50 direct employees, or advanced technology. Legal basis: FIA (RA 7042 as amended). | $100,000 | ≈ ₱5.7M |
| Export enterpriseExports at least 60% of output. Legal basis: Corporation Code (RA 11232). | ≈ $88 | ₱5,000 |
| Retail trade enterpriseMinimum paid-up capital for foreign retail. Legal basis: RA 11595. | ≈ $439k | ₱25,000,000 |
Bold is the figure the law sets; the other column is an approximate conversion at ₱57 to USD 1.