Museums activities and operation of historical sites and buildings
This sub-class covers the operation of various types of museums and historical sites, including art, natural history, and specialized museums.
Includes
- Operation of art museums
- Operation of jewelry museums
- Operation of furniture museums
- Operation of costume museums
- Operation of ceramics museums
- Operation of silverware museums
- Operation of natural history museums
- Operation of science and technological museums
- Operation of historical museums, including military museums
- Operation of other specialized museums
- Operation of open-air museums
- Operation of historical sites and buildings
Foreign ownership
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
Registration path
- 1
SEC
Incorporate the entity
- 2
BIR
Tax registration and books
- 3
LGU
Barangay clearance and Mayor’s permit
- 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
| Situation | USD | PHP |
|---|---|---|
| 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.