Minimum Paid-Up Capital Requirement

SEC REGISTRATION REQUIREMENTS

Minimum Paid-Up Capital Requirement

BASED ON INDUSTRY:

Break Bulk Agent	P	250,000.00
Cargo Consolidator	P	400,000.00
Financing Company
Metro Manila and other 1st class cities	P	10,000,000.00
Other classes of cities	P	5,000,000.00
Municipalities	P	2,500,000.00
Freight Forwarders
Domestic	P	250,000.00
International	P	2,000,000.00
Health Maintenance Organization	P	10,000,000.00
Insurance
Insurance Broker	P	20,000,000.00
Reinsurance Broker	P	20,000,000.00
Insurance Broker and Reinsurance Broker	P	50,000,000.00
Life Insurance Company	P	1,000,000,000.00
Non-Life Insurance Company	P	1,000,000,000.00
Reinsurance Company	P	2,000,000,000.00
Investment Adviser/Manager	P	10,000,000.00
Investment Company	P	50,000,000.00
Investment House	P	300,000,000.00
Lending Investor	P	1,000,000.00
Mining	P	2,500,000.00
Non-Vessel Operating Common Carrier	P	4,000,000.00
Pawnshop	P	100,000.00
Pre-Need Plan Issuer	P	100,000,000.00
Pre-Need Plan Agent	P	5,000,000.00
Recruitment for Local Employment
Corporation	P	500,000.00
Partnership	P	200,000.00
Recruitment for Overseas Employment	P	2,000,000.00
Retail Trade with Foreign Equity	US$	2,500,000.00
School (for stock corporations)
Elementary Education	P	1,000,000.00
Elementary & Secondary Education	P	2,500,000.00
Elementary, Secondary, Tertiary	P	5,000,000.00
Post/Graduate Education
Security Agency	P	500,000.00
Securities Broker/Dealer (New/SRO-Member)	P	100,000,000.00
Securities Broker/Dealer (Existing/SRO-Member)	P	10,000,000.00
Securities Broker/Dealer in Proprietary Shares (Non-SRO-Member)	P	5,000,000.00
Special Purpose Vehicle	P	31,250,000.00
Special Purpose Corporation	P	5,000,000.00
Transfer Agent	P	1,000,000.00

BASED ON FOREIGN EQUITY:

Domestic Corporations with more than 40% foreign equity
- Domestic Market Enterprise	US$	200,000.00
- Export Market Enterprise	P	5,000.00
Foreign Branch Office
- Domestic market enterprise	US$	200,000.00
- Export market enterprise	P	5,000.00
Partnership with foreign partner
- Domestic market enterprise	US$	200,000.00
- Export market enterprise	P	3,000.00
Foreign Representative Office	US$	30,000.00
Regional Area Headquarters (RHQ)	US$	50,000.00
Regional Operating Headquarters (ROHQ)	US$	200,000.00