PSIC 2019 · Sub-class
93294
Indoor playground and playhouse operations for children
Open to 100%
Indoor playground and playhouse operations for children.
Excludes
- Fishing cruises (class 9329 exclusion) 5011
- Provision of space and facilities for short stay by visitors in recreational parks and forests and campgrounds (class 9329 exclusion) 5510
- Beverage serving activities of discotheques (class 9329 exclusion) 5630
- Trailer parks, campgrounds, recreational camps, hunting and fishing camps, campsites and campgrounds (class 9329 exclusion) 5510
- Separate renting of leisure and pleasure equipment (class 9329 exclusion) 7721
- Operation of coin-operated gambling machines (class 9329 exclusion) 9200
- Activities of amusement parks and theme parks (class 9329 exclusion) 9321
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
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.