Corporation
To establish a corporation, it must be registered with the Securities and Exchange Commission (SEC).
Next, you will need to prepare the necessary documents and register with the Bureau of Internal Revenue (BIR).
Finally, you must obtain a business license from the city hall that has jurisdiction over your address.
A corporation with a 60% Filipino ownership ratio and a 40% foreign ownership ratio is considered a Philippine domestic company. (A trustworthy and mutually beneficial relationship with the other party is usually necessary.)
A company is considered a foreign-owned company if foreigners own 60% or more of its shares.