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PSIC 2019 · Sub-class
22191

Manufacture of rubber garments

Open to 100%

Manufacture of rubber garments.

Excludes

  • Manufacture of tire cord fabrics (class 2219 exclusion) 1399
  • Manufacture of apparel of elastic fabrics (class 2219 exclusion) 1419
  • Manufacture of rubber footwear (class 2219 exclusion) 152
  • Manufacture of glues and adhesives based on rubber (class 2219 exclusion) 2029
  • Manufacture of 'camelback' strips (class 2219 exclusion) 2211
  • Manufacture of inflatable rafts and boats (class 2219 exclusion)
  • Manufacture of mattresses or uncovered cellular rubber (class 2219 exclusion) 310
  • Manufacture of rubber sports requisites, except apparel (class 2219 exclusion) 3230
  • Manufacture of rubber games and toys, including children's wading pools, inflatable children rubber boats, inflatable rubber animals, balls and the like (class 2219 exclusion) 3240
  • Reclaiming of rubber (class 2219 exclusion) 3830

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

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 corporationFits✓✓✓✕✕USD 200k
One Person CorporationFits✓✓✓✕✕USD 200k
Branch officeFits✓✓✓✕✕USD 200k
Representative officeFits✓✕✓✕✕USD 30k
Local corporation, minority foreign✕✓✕✓✕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.