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PSIC 2019 · Sub-class
10610

Rice/corn milling

Capped at 40%

This sub-class covers the milling of rice and corn, including various forms of processed rice.

Includes

  • Rice milling, including husked, milled, polished, glazed, parboiled, or converted rice
  • Production of rice flour
  • Corn milling

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.20 · Section 5 of PD No. 1994

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

Compare all company structures

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

Bold is the figure the law sets; the other column is an approximate conversion at ₱57 to USD 1.

Licenses & product holding

Alongside SEC incorporation, this activity needs the following regulatory license or product registration before it can legally operate in the Philippines.

  • FDA - product & establishment license

    FDA License to Operate (LTO) + Certificate of Product Registration (CPR) - Processed Food

    Manufacturing processed food requires an FDA License to Operate (LTO) as a food business operator, plus a Certificate of Product Registration (CPR) or notification for each product before it can be sold, under the Food Safety Act of 2013 (RA 10611) and the FDA Act of 2009 (RA 9711). The LTO/CPR holder must be a Philippine-registered entity.

    Emerhub can hold this registration for you.