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PSIC 2019 · Sub-class
32309

Manufacture of sporting and athletic goods, n.e.c.

Open to 100%

Manufacture of sporting and athletic goods.

Excludes

  • Manufacture of boat sails (class 3230 exclusion) 1392
  • Manufacture of sports apparel (class 3230 exclusion) 1419
  • Manufacture of saddlery and harness (class 3230 exclusion) 1512
  • Manufacture of whips and riding crops (class 3230 exclusion) 1512
  • Manufacture of sports footwear (class 3230 exclusion) 1529
  • Manufacturing of sporting weapons and ammunitions (class 3230 exclusion) 2520
  • Manufacture of metal weights as used for weightlifting (class 3230 exclusion) 2599
  • Manufacture of automatic bowling alley equipment (e.g. pin-setters) (class 3230 exclusion) 2829
  • Manufacture of sports vehicles other than toboggans and the like (class 3230 exclusion)
  • Manufacture of boats (class 3230 exclusion) 3012
  • Manufacture of billiard tables (class 3230 exclusion) 3240
  • Manufacture of ear and noise plugs (e.g. for swimming and noise protection) (class 3230 exclusion) 3299

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.