PSICdataTalk to Emerhub
PSIC 2019 · Sub-class
74906

Food safety consulting services

Open to 100%

Providing food safety consulting services.

Excludes

  • Wholesale of used motor vehicles by auctioning (class 7490 exclusion) 4510
  • Online auction activities (retail) (class 7490 exclusion) 4791
  • Activities of auctioning houses (retail) (class 7490 exclusion) 4799
  • Activities of real estate brokers (class 7490 exclusion) 6820
  • Bookkeeping activities (class 7490 exclusion) 6920
  • Activities of management consultants (class 7490 exclusion) 7020
  • Activities of architecture and engineering consultants (class 7490 exclusion) 7110
  • Engineering design activities (class 7490 exclusion) 7110
  • Industrial and machinery design activities (class 7490 exclusion) 7110
  • Display of advertisement and other advertising design (class 7490 exclusion) 7310
  • Creation of stands and other display structures and sites (class 7490 exclusion) 7310
  • Activities of convention and trade show organizers (class 7490 exclusion) 8230
  • Activities of independent auctioneers (class 7490 exclusion) 8299
  • Administration of loyalty programs (class 7490 exclusion) 8299
  • Consumer credit and debt counseling (class 7490 exclusion) 8890
  • Activities of authors of scientific and technical books (class 7490 exclusion) 9000
  • Activities of independent journalists (class 7490 exclusion) 9000

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.