Minimum Paid-Up Capital Requirements

(This is based on the Manual issued by the [You must be registered and logged in to see this link.] or SEC.)

Based on Industry:

* Break Bulk Agent -- P250,000.00

* Cargo Consolidator -- P400,000.00

* Financing Company
** Metro Manila and other 1st class cities -- P10,000,000.00
** Other classes of cities -- P5,000,000.00
** Municipalities -- P2,500,000.00



* Freight Forwarders ** Domestic -- P250,000.00
** International -- P2,000,000.00

* Foundations (Non-stock corporations) --P1,000,000.00 (Working Capital)

* Health Maintenance Organization -- P10,000,000.00

* Insurance
** Insurance Broker -- P250,000.00
** General Agent -- P250,000.00
** Reinsurance Broker -- P500,000.00
** Investment Adviser/Manager -- P10,000,000.00

* Investment Company -- P50,000,000.00

* Investment House -- P300,000,000.00

* Mining -- P2,500,000.00

* Non-Vessel Operating Common Carrier -- P4,000,000.00

* Pawnshop -- P100,000.00

* Pre-Need Plan Issuer -- P100,000,000.00

* Pre-Need Plan Agent -- P5,000,000.00

* Recruitment for Local Employment
** Corporation -- P500,000.00
** Partnership -- P200,000.00

* Recruitment for Overseas Employment -- P2,000,000.00

* Retail Trade with Foreign Equity -- US$2,500,000.00

* School (for stock corporation)
** Elementary Education -- P1,000,000.00
** Elementary & Secondary Education -- P2,500,000.00
** Elementary, Secondary, Tertiary -- P5,000,000.00

* Security Agency -- P500,000.00
* Securities Broker/Dealer (New/SRO-Member) -- P100,000,000.00
* Securities Broker/Dealer (Existing/SRO-Member) -- P10,000,000.00
* Securities Broker/Dealer in Proprietary Shares (Non-SRO-Member) -- P5,000,000.00

* Special Purpose Vehicle -- P31,250,000.00
* Transfer Agent -- P1,000,000.00

Based on Foreign Equity:

* Corporation with more than 40% foreign equity
** Domestic Market Enterprise -- US$200,000.00
** Export Market Enterprise -- P5,000.00

* Foreign Branch Office
** Domestic market enterprise -- US$200,000.00
** Export market enterprise -- P5,000.00

* Partnership with foreign partner
** Domestic Market enterprise -- US$200,000.00
** Export Market enterprise -- P3,000.00

* Foreign Representative Office -- US$30,000.00

* Regional Area Headquarters (RHQ) -- US$50,000.00

* Regional Operating Headquarters (ROHQ) -- US$200,000.00