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PSIC 2019 · Sub-class
22203

Manufacture of plastic furniture fittings

Open to 100%

Manufacture of plastic furniture fittings.

Excludes

  • Manufacture of plastic luggage (class 2220 exclusion) 1512
  • Manufacture of plastic footwear (class 2220 exclusion) 152
  • Manufacture of plastics in primary forms (class 2220 exclusion) 2013
  • Manufacture of articles of synthetic or natural rubber (class 2220 exclusion) 221
  • Manufacture of plastic furniture (class 2220 exclusion) 3105
  • Manufacture of mattresses of uncovered cellular plastic (class 2220 exclusion) 3109
  • Manufacture of plastic sports requisites (class 2220 exclusion) 3230
  • Manufacture of plastic games and toys (class 2220 exclusion) 3240
  • Manufacture of plastic medical and dental appliances (class 2220 exclusion) 3250
  • Manufacture of plastic ophthalmic goods (class 2220 exclusion) 3250
  • Manufacture of plastic hard hats and other personal safety equipment of plastic (class 2220 exclusion) 3299
  • Manufacture of plastic non-current carrying wiring devices (e.g. junction boxes, face plates etc.) (class 2220 exclusion) 2733

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.