FAQs

Frequently Asked Questions about Consulting in the Philippines

How long does it take to form a company in the Philippines?

Generally, registration with the Securities and Exchange Commission (SEC) takes about one and a half months. After that, procedures with the Bureau of Internal Revenue (BIR), city hall for business permits, and social security registration take an additional two months. Our company completes these procedures more quickly than others.

Is it possible to switch from a local accounting firm?

Yes, of course. It is common for accounting documents to be incomplete at the time of transition. We will first conduct a consultation via an in-person meeting or Zoom to assess the status of accounting records and document organization before providing a quote.

Can I request incorporation services remotely without traveling to the Philippines?

Company registration itself is possible; however, in most cases, the authorized signatory (Signatory) is required to visit the bank branch in person to open a corporate bank account. We will coordinate with the bank to discuss possible solutions based on your needs.

Can you provide statutory audit services?

Yes, we can arrange cost-effective statutory audits in collaboration with our local partner auditing firms, tailored to your company size and language requirements, including Japanese support.

Can you provide advisory services for M&A transactions?

Yes, we work with certified public accountants and lawyers in the Philippines to provide financial advisory services, due diligence, valuations, and other M&A-related support.

Can you assist with tax audits?

Yes, we provide tax audit support in both Manila and Cebu. If you have already received a Letter of Authority (LOA) from the BIR, we recommend discussing your response strategy as soon as possible.