PSICdataTalk to Emerhub
PSIC 2019 · Sub-class
63120

Web portals

Open to 100%

This sub-class involves the operation of websites that utilize search engines to create and manage large databases of internet addresses and content, making them easily searchable. It also includes websites that serve as portals to the internet, such as media sites that offer regularly updated content.

Includes

  • Operation of websites using a search engine to generate and maintain extensive databases of internet addresses and content
  • Operation of other websites that act as portals to the internet, such as media sites providing periodically updated content

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 corporationFitsUSD 200k
One Person CorporationFitsUSD 200k
Branch officeFitsUSD 200k
Representative officeFitsUSD 30k
Local corporation, minority foreignLower / none
Employer of RecordFitsNone
Product holdingFitsNone

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.