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PSIC 2019 · Sub-class
08109

Stone quarrying, clay and sand pits, n.e.c.

Capped at 40%

Stone quarrying, clay and sand pits.

Excludes

  • Mining of bituminous sand (class 0810 exclusion) 0610
  • Mining of chemical and fertilizer minerals (class 0810 exclusion) 0891
  • Production of calcined dolomite (class 0810 exclusion) 2394
  • Cutting, shaping and finishing of stone outside quarries (class 0810 exclusion) 2396

Foreign ownership

Capped at 40%

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.16 · Section 2, Article XII of the Constitution

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.

Structure100% foreignSell locallyNo PH partnerNo capital floorNo entityMin. 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. 1

    SEC

    Incorporate the entity

  2. 2

    BIR

    Tax registration and books

  3. 3

    LGU

    Barangay clearance and Mayor’s permit

  4. 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

SituationUSDPHP
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.