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PSIC 2019 · Sub-class
30303

Conversion, modification and overhaul of aircrafts

Open to 100%

Conversion, modification and overhaul of aircrafts.

Excludes

  • Manufacture of parachutes (class 3030 exclusion) 1392
  • Manufacture of military ordinance and ammunitions (class 3030 exclusion) 2520
  • Manufacture of telecommunication equipment for satellites (class 3030 exclusion) 2630
  • Manufacture of aircraft instrumentation and aeronautical instruments (class 3030 exclusion) 2651
  • Manufacture of air navigation systems (class 3030 exclusion) 2651
  • Manufacture of lighting equipment for aircraft (class 3030 exclusion) 2740
  • Manufacture of ignition parts and other electrical parts for internal combustion engines (class 3030 exclusion) 2790
  • Manufacture of pistons, piston rings and carburetors (class 3030 exclusion) 2811
  • Manufacture of aircraft launching gear, aircraft carrier catapults and related equipment (class 3030 exclusion) 2829

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.

Incentives

This activity may be eligible for BOI/PEZA income-tax holidays and enhanced deductions under the Strategic Investment Priority Plan (SIPP), CREATE MORE.

  • May qualify for Tier I

    Aircraft maintenance, repair, and overhaul (MRO)

    Legal basis: 2022 Strategic Investment Priority Plan (BOI MC No. 2022-023), Tier I - retained 2020 Investment Priorities Plan activity

    This activity is a close match to the named SIPP priority, not an exact quote, so confirm the fit.

Eligibility is activity-specific and confirmed by the BOI. Emerhub can assess your activity and file your incentive application.

Mapped to the 2022 SIPP. A 2026 SIPP is now in force, so confirm current priority status with the BOI before you rely on this.