Minimum Paid-up Capital Requirement

Based on industry:

Break Bulk Agent PHP 250,000

Cargo Consolidator PHP 400,000.00

Financing Company
– Metro Manila and other 1st class cities PHP 10,000,000
– Other classes of cities PHP 5,000,000
– Municipalities PHP 2,500,000.00

Freight Forwarders
– Domestic PHP 250,000
– International PHP 2,000,000.00

Health Maintenance Organization PHP 10,000,000.00

Insurance
– Insurance Broker PHP 20,000,000
– Reinsurance Broker PHP 20,000,000
– Insurance Broker and Reinsurance Broker PHP 50,000,000
– Life Insurance Company PHP 1,000,000,000
– Non-Life Insurance Company PHP 1,000,000,000
– Reinsurance Company PHP 2,000,000,000

Investment
– Investment Adviser/Manager PHP 10,000,000.00
– Investment Company PHP 50,000,000
– Investment House PHP 300,000,000
– Lending Investor PHP 1,000,000

Local Manpower Contracting and Subcontracting PHP 3,000,000

Mining
– Required Authorized Capital Stock (PHP 10,000,000.00 authorized) PHP 2,500,000 paid-
up

Non-Vessel Operating Common Carrier PHP 4,000,000

Pawnshop PHP 100,000.00

Pre-Need Plan Issuer PHP 100,000,000

Pre-Need Plan Agent PHP 5,000,000

Real Estate Investment Trust ( REIT) PHP 300,000,000

 Recruitment – Domestic
– Corporation PHP 500,000
– Partnership PHP 200,000

Recruitment for Overseas Employment PHP 2,000,000

Retail Trade with Foreign Equity US$ 2,500,000

School (for stock corporations)

– Pre-elementary/Elementary Education PHP 1,000,000
– Elementary & Secondary Education PHP 2,500,000
– Elementary, Secondary, Tertiary PHP 5,000,000
– Post/Graduate Education

Security Agency PHP 500,000

Securities Broker/Dealer
– (New/SRO-Member) PHP 100,000,000
– Securities Broker/Dealer
– (Existing/SRO-Member) PHP 30,000,000
– Securities Broker/Dealer in Proprietary Shares (Non-SRO-Member) PHP 5,000,000

Special Purpose Vehicle PHP 31,250,000

Special Purpose Vehicle Special Purpose Corporation PHP 5,000,000

Secondary Mortgage Institution (SMI) PHP 2,000,000,000

Servicer for special purpose corporation

*Required Authorized Capital Stock (PHP 10,000,000.00)

Transfer Agent PHP 1,000,000

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
Local Manpower Contracting and Subcontracting P 3,000,000.00
Mining P 2,500,000.00
* Required Authorized Capital Stock (P10,000,000.00)
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
Real Estate Investment Trust ( REIT) P 300,000,000.00
Recruitment – Domestic - 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)
Pre-elementary/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 P 100,000,000.00
(New/SRO-Member)
Securities Broker/Dealer P 30,000,000.00
(Existing/SRO-Member)
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 5,000,000.00
Secondary Mortgage Institution (SMI) P 2,000,000,000.00

Servicer for special purpose corporation

*Required Authorized Capital Stock (P10,000,000.00)
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