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PSIC 2019 · Sub-class
21002

Manufacture of surgical dressings, medicated wadding , fracture bandages, catgut, and other prepared sutures

Open to 100%

Manufacture of surgical dressings, medicated wadding, fracture bandages, catgut, and other prepared sutures.

Excludes

  • Manufacture of herb infusions (mint, vervain, chamomile etc.) (class 2100 exclusion) 1079
  • Manufacture of dental fillings and dental cement (class 2100 exclusion) 3250
  • Manufacture of bone reconstruction cements (class 2100 exclusion) 3250
  • Wholesale of pharmaceuticals (class 2100 exclusion) 4649
  • Retail sale of pharmaceuticals (class 2100 exclusion) 4772
  • Research and development for pharmaceuticals and biotech pharmaceuticals (class 2100 exclusion) 7210
  • Packaging of pharmaceuticals (class 2100 exclusion) 8292

Foreign ownership

Open to 100%

This activity is not on the 12th Foreign Investment Negative List. A foreign investor may hold up to 100%, subject to the minimum-capital rules below.

Recommended route

Foreign-owned corporation

Up to 100% foreign equity (SEC)

One Person Corporation

A single foreign owner

Branch office

Extension of a foreign parent

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) - Drug/Pharmaceutical

    Manufacturing drugs, medicines, biologics (vaccines, sera, plasma), or related surgical consumables (dressings, sutures) requires an FDA LTO as a drug establishment plus a CPR for each product, under RA 3720 (Food, Drug, and Cosmetic Act, as amended) and the FDA Act of 2009 (RA 9711).

    Emerhub can hold this registration for you.