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PSIC 2019 · Sub-class
25932

Manufacture of hand tools

Open to 100%

Manufacture of hand tools.

Excludes

  • Manufacture of hollowware (pots, kettles, etc.), dinnerware (bowls, platters, etc.) or flatware (plates, saucers, etc.) (class 2593 exclusion) 2599
  • Manufacture of power-driven hand tools (class 2593 exclusion) 2818
  • Manufacture of ingot molds (class 2593 exclusion) 2823
  • Manufacture of cutlery of precious metals (class 2593 exclusion) 3211

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.