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PSIC 2019 · Sub-class
33151

Repairing of ships and boats other than sports and pleasure boats

Open to 100%

Repairing of ships and boats other than sports and pleasure boats.

Excludes

  • Factory rebuilding of ships (class 3315 exclusion) 301
  • Factory rebuilding of locomotives and railroad cars (class 3315 exclusion) 3020
  • Factory rebuilding of aircraft (class 3315 exclusion) 3030
  • Repair of ship or rail engines (class 3315 exclusion) 3312
  • Ship scaling and dismantling (class 3315 exclusion) 3830
  • Repair and maintenance of motorcycles (class 3315 exclusion) 4540
  • Repair of bicycles and invalid carriages (class 3315 exclusion) 9529

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.