Business capitalization sample Philippines

Private Equity. Venture Capita Fun & comprehensive online learning for primary and secondary. Sign up today Doing Business in the Philippines: Determine Capital Requirement. A Paid-up capital, also known as paid in capital or contributed capital represents money that is not borrowed, it is the amount of money that is actually received from its investors or shareholders in exchange for shares of stocks

The capital requirements for local and foreign entities looking to set up a business in the Philippines vary depending on the types of business activities they want to engage in and the percentage of foreign ownership in their enterprise. The minimum paid-up capital of a corporation in the Philippines must not be less than Php 5,000.00 If a business employs at least 50 Filipino citizens or uses advanced technology, the minimum capital requirement is USD 100,000. The minimum capital requirement for a business that exports at least 70% of its products is PHP 5,000 (approx. USD 100). Foreign business ownership in the Philippines

You can be your own boss and grow your finances by starting your own venture. Here are 25 small business ideas in the Philippines you can set up even with low capital. Small Business Ideas in the Philippines to Start With 10k Homemade Beverage or Palamig Business. Start-up cost: PHP 500 to PHP 5,00 Business Registration Paid-up Capital Requirements. The amount of authorized capital, paid-in capital or inward remittance is determined either by the Corporation Code of the Philippines, the Foreign Investment Negative List, DTI, BSP or SEC regulations.. Depending on the nature of the business, and the amount of paid-up capital you may be required to open a Treasurer-in-Trust Fund (TITF.

The word capitalization can have many meanings in small business.It's used in accounting to describe the cost of equipment that's written off as depreciation over time. It also describes the conversion of retained earnings into capital and the conversion of an operating lease into a capital lease Why it's a profitable business: Tubong lugaw (earning large profits from small capital) best describes lugawan businesses in the Philippines. A perfect example is Lugaw Queen 4 that started with a capital of just Php 1,100, sells cheap bowls of lugaw, and earns as much as Php 50,000 daily

This article will list and discuss at home and other small business ideas with low or no capital requirements for the Philippines. Food Related Businesses for Philippines: No matter how bad an economy is going, people will always need food, i.e. food is a recession proof business, and there're several food related businesses that have a great. At the national level, taxes are imposed and collected pursuant to the National Internal Revenue Code, the Tariff and Customs Code, and several special laws. There are four main types of national internal revenue taxes: income, indirect (value-added and percentage taxes), excise and documentary stamp taxes, all of which are administered by the Bureau of Internal Revenue (BIR). At the local. Small Business Partnership Agreement. PandaTip: This template is designed to serve as a basic document that establishes a formal partnership between two small businesses. As such, it covers only those terms which are most necessary when creating a business partnership January 2nd to the 20th is that time of year when registered business owners in the Philippines renew their Business Permit/License (or Mayor's Permit) as required by law with their respective Local Government Unit (LGU) which has jurisdiction over their office location.Failure to file for renewal.. In spite of numerous challenges, poultry farm business in the Philippines still remains a fairly safe investment option for many Filipinos and foreigners alike. There are various profitable models that you can use to grow your poultry in the Philippines ranging from contract poultry growing to independent growing. There are also various poultry farming sectorsContinue reading

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Business Plan Sample, Management, Ideas, Proposal and Philippines Franchising Creating the perfect business plan is an art for the investor in you. Before making any final decisions, allow our family to give you some insights from our point of view on the current climate of investing in the Philippines However, the majority of these people are withheld from pursuing their dream because they are concerned about the cost of starting a small business in the Philippines. They may have heard that one must have at least Php 1 million to capitalize a business as a corporation. If I had 1 million pesos, I wouldn't need a business

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How to Start a Bakery Business in the Philippines: 12 Steps. 1. Evaluate the reason why you want to open a bakery business. Running a bakery business in the Philippines is challenging. Money is not the be-all and end-all of opening a bakery. You also need the knowledge capital that will help you manage the minute details of this food business 2. Price. ou can sell your finished product from price range of Php 250 - Php 600 depending on your design, and guess how much is your costing per T shirt, Php 110 - Php 150 only regardless if white or colored shirts and what consumable to be used Related: How to Sell your Business in the Philippines. 2. Borrow money from a friend or family member. If you don't have any personal means to produce the money needed for the capital of your business, you can borrow from a friend or family member. Be careful though as things can get messy among close family and friends when money becomes.

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Business Requirements – Official Website of MunicipalityOnline Registration For Hazardous Waste Generator Id

Register your business name at the Department of Trade and Industry (DTI) Make sure to search the DTI website to see if there are any businesses in existence that have a name similar to yours. If the business name that you want is available, fill out a business name application form, and submit it to DTI's office Know the investment capital you need The money needed to start your printing business in the Philippines. Printing machineries cost from P10,000 to P200,000 depending on the amount of printing you are going to do in day. Worry not, you can opt for a smaller printing machine at first Know the investment capital The Money Needed to Start a Bakery Business in the Philippines. A bakery business fetches a hefty price: about P150,000. This is only if you plan to establish it in a commercial unit. If you are able to provide a space with a lower rental fee or even plan to do it at the confines of your own home, then do as you please Simplify the Business Planning Process with Our Easy to Follow Step by Step Guide. Customise a Business Plan to Impress Your Stakeholders, Lenders and Investors Now

Determine Capital Requirements in Doing Business - Philippine

Company Formation in the Philippines: Paid-Up Capital

  1. Please note: If your business has audited financial statements you may use this policy.If your business does not have audited financial statements you will need to replace the $5,000 amounts with $2500, since this is the maximum capitalization threshold allowed for businesses without audited financial statements.. Capitalization of Equipment. B. The basis of accounting for depreciable fixed.
  2. Business Setup Worldwide Office 2307 10th Floor, Rashid Tower, Trade Centre 2, P.O. Box 293816, Dubai, United Arab Emirates +971 48866849 info@businesssetup.co
  3. One of the most advantageous regimes of setting up a business in any country in the world is the holding company regime.Even if the term usually refers to a special taxation system applied to these companies, there also countries where foreign enterprisers can set up holding companies without benefiting from the tax advantages. This is the case of the Philippines which allows for the.
  4. Some families raise a few pigs in their backyards in provinces and eventually, it ends up being a full-blown piggery business. According to the Organization for Economic Cooperation and Development (OECD), a typical Filipino consumes a total of 14.2kg of pork per year.The normal is 12kg; Filipinos consume about 2kg more
  5. Capital is the money or wealth needed to produce goods and services. In the most basic terms, it is money. All businesses must have capital in order to purchase assets and maintain their operations
  6. imal investment
  7. SAMPLE BUSINESS PLAN 1. MUNTINLUPA BUSINESS HIGH SCHOOL the BUSINESS PLAN 2. MUNTINLUPA BUSINESS HIGH SCHOOL SECTION 1 EXECUTIVE SUMMARY Anime are Japanese animated productions featuring hand-drawn or computer animation. The word is the abbreviated pronunciation of animation in Japanese, where this term references all animation

Guide to Setting Up a Company in the Philippine

Requirements for One Person Corporation in the Philippines Minimum paid-up capital requirement. There is no minimum capital requirement for setting up a One Person Corporation, and no portion of authorized capital is required to be paid up at the time of incorporation unless a special law or regulation requires otherwise A check with buy-and-sell websites showed that a milk tea food cart business package costs only P45,000 to include the cart, equipment, name and logo, franchisee training, and sample products. A store business package would cost more - from P180,000 to P350,000 - to have blenders and frapp machines, freezer, sealing machine and burners in. Domingo expressed confidence that with the PBR as well as other reforms, the Philippines should rank among the top 50 when it comes to ease in doing business by 2016 On this post, we're looking at a real-life cost breakdown of starting a coffee business in the Philippines to help you get started with your own. 3 Ways to Start a Coffee Business in the Philippines. If you want to start your coffee shop in the Philippines, you have at least three ways to go about it 100% foreign ownership is allowed for Philippine retail trade enterprises: (a) with paid-up capital of USD 2,500,000.00 or more provided that investments for establishing a store is not less than USD 830,000.00; or (b) specializing in high end or luxury products, provided that the paid-up capital per store is not less than USD 250,000.00 (Sec. 5 of R.A. 9762)

Small Business Ideas in the Philippines With Low Capita

The Securities and Exchange Commission shall not accept the articles of incorporation of any stock corporation unless accompanied by a sworn statement of the Treasurer elected by the subscribers showing that at least twenty-five (25%) percent of the authorized capital stock of the corporation has been subscribed, and at least twenty-five (25%) of the total subscription has been fully paid to. A good business plan outlines all the essential things needed to keep your would-be enterprise set-up and running. Step 3: Gather the Capital. Your business plan will give you an idea on how much you will need to start your car wash business. The next step is to gather that amount 20 Small Business Ideas in the Philippines for 2020. Feb 10, 2020. Photo c/o Small Business Sense. There are plenty of good reasons to start a business this 2020, especially if you have the skills, the opportunity, and the resources needed to do start something new. These people make a lot of money without much capital other than their. Guide to Starting a Milk Tea Business in the Philippines Milk tea, specifically bubble tea , has become a popular beverage for Filipino consumers over the past years. Its popularity has given rise to hundreds of milk tea stalls and stores and has made major restaurant chains include it in its menu

Best Practices in Philippine Accounting. Companies doing business in the Philippines must comply with the Philippine Financial Reporting Standards (PFRS). The PFRS is a set of Generally Accepted Accounting Principles (GAAP) issued by the Accounting Standards Council (ASC) to govern the preparation of financial statements List of five business names ranked according to preference • Registration fee of Php300.00 • 2. Mayor's/Business Permit . Local municipality where the business is located . Validity: 1 year . Requirements: • Accomplished Business Permit Application Form • DTI-Business Name Certificate • Sketch of the business location • Fire. Hello everyone! if you are interested to put up a laundry business you may email and call me. Here's my email mcampanero.bigwash@gmail.com, mobile # is 0998590 6748. We are the distributor for LG commercial washer and dryer in the Philippines. Sir Ian Gray thanks for the recommendation All you need to know on how to open, start and setup a lending investor in the Philippines (Lending Business or Loan Company) Definition: Lending Company shall refer to a corporation engaged in granting loans from its own capital funds or from funds sourced from not more than nineteen (19) persons

Business Environment Philippine Business Registry The system allows sole proprietorships to register their business names with DTI, get or validate their existing tax identification number (BIR), and employer registration numbers (SSS, Philhealth and Pag-Ibig) through the web-based DTI Tellers Current as of August 2020 | Download print version (in PDF) This report describes the legal framework governing nonprofit organizations (also known as non-governmental organizations or NGOs) in the Philippines, and includes translations of legislative provisions relevant for a foundation or advisor undertaking an equivalency determination of a foreign grantee under IRS Revenu Capitalization requirement: The former capital requirement was fixed at P500,000 paid-up capital. At present, paid-up capital is at a minimum of P10 million for financing companies located in Metro Manila and first class cities, P5 million for other cities, and P2.5 million for municipalities Corporation, minimum paid-up capital: The paid-up capital of a Philippine corporation must not be less than PhP5,000.00. Thus, it is required that at least twenty five percent [25%] of the subscribed capital stock should be fully paid up but the amount of which should not be less than said PhP5,000.00. cralaw. Corporation, incorporation documents In a simple sense, a business plan serves as your road map that will guide your business to success. The Philippine Department of Trade and Industry defines a business plan as a written outline that evaluates all aspects of the economic viability of your business, including a description and analysis of your prospects

Paid Up Capital Requirements for Philippines Business

  1. Detailed steps on how to register your business in the Philippines. How to register your business under R.A 9178: Barangay Micro Business Enterprises (BMBEs) act of 2002. Barangay Micro-Business Enterprises (BMBEs) can now register their businesses, free of charge, at the Department of Trade and Industry (DTI) through the agency's Negosyo Centers
  2. Gas Station - Investing in a gasoline station business would require a capital of from P3 to P5 million. That is if you apply as dealer of the Big 3 oil companies: Shell, Caltex, or Petron. New oil players such as Total and Flying V offer lower packages, while others can make you a gas station owner for less than P200,000
  3. It is the # 1 online tax calculator in the Philippines. It is an ideal choice for small-scale business owners, self-employed individuals, and freelance workers. This highly-reputable online tax calculator in the Philippines frees you from the many stresses that arise from the newly-implemented tax laws and case-specific formalities

Capitalization of a Start-Up - The Balance Small Busines

  1. The business license is in the name of a Filipino but that is the ONLY thing. Make sure this person is someone you trust BUT Big Tip on Owning a Restaurant Bar in the Philippines. Sometimes the business owner gets greedy and thinks they can take your business. You simply take the business license off the wall and hand it to them
  2. e how much capital you need to put up and what things you need to buy before you can start selling food. Of course, you would need basic dining stuff like tables and chairs, utensils, water pitchers, trays, etc. But you can already start the business with P15,000 or even less
  3. Sample Business Plan for Acme Management Technology 1.0 Executive Summary By focusing on its strengths, its key customers , and the company's underlying core values, Acme Management Technology will increase sales to more than $10 million in three years, while also improving the gross margin on sales and cash management and working capital
  4. ing a sample balance sheet and income statement, small businesses can better understand the relationship between the two reports. Every time a company records a sale or an expense for bookkeeping purposes, both the balance sheet and the income statement are affected by the transaction. The balance sheet and the income statement are two of the three major financial statements that.
  5. I. Doing Business in the Philippines The Corporation Code of the Philippines (the Corporation Code) requires any foreign corporation doing business in the Philippines to obtain a license to do business from the Philippine Securities and Exchange Commission (SEC). The term doing business is defined broadly under Section
  6. Enclosures: Business plan, profit-and-loss statement, balance statement, cash-flow statement Sample Loan Request Letter to Fund the Salary of a New Hire. Jane Doe. Chief Executive Officer. ABC, Inc. 123 Park Lane. Miami, FL 33145 Jan. 1, 2020 John Smith. Senior Loan Officer. XYZ Bank. 987 Spring Road. Philadelphia, PA 1911
  7. Financial Plan. Capital requirements. The Company is presently seeking to raise the sum of Two Hundred and Fifty Thousand Dollars ($250,000). Based on current projections, the Company believes that these proceeds, together with Eighty-Four Thousand Dollars ($84,000) the Company has already raised in its initial round of financing, will be sufficient to achieve its business plan

[2021] Best Small Business Ideas in the Philippines with

The classification of domestic corporations in the Philippines depends on their stockholders' outstanding amount of shares to the capital stock of the corporation. Moreover, the nationality of the stockholders determines the corporation's extent of participation in areas of business activity and investment in the Philippines Here are 25 small business ideas in the Philippines you can set up even with low capital. Small Business Ideas in the Philippines to Start With 10k Homemade Beverage or Palamig Business Start-up cost: PHP 500 to PHP 5,000Items to invest in: Ingredients, purified water, containers, plastic bottles Selling ice-cold drinks is one of the low-cost. Above all, the business plan is a marketing document that helps to sell the investor on the business opportunity, the management team, the strategy, and the potential for significant return on investment. Raising venture capital is a difficult and time-intensive challenge. There is no easy shortcut or silver bullet

There are different types of business organizations in the Philippines. The more common types are sole proprietorships, partnerships and corporations. 1. Sole proprietorship. A sole proprietorship is a type of business organization in which an individual personally owns the business Across the Philippines and Asia's other emerging economies, some $800 billion in investment opportunities go unfilled each year because capital markets are less reliable than issuers might like Philippines (the): Business Environment. Capital gains are generally subject to the ordinary income tax rates. Capital gains arising from the sale of unlisted shares are subject to a withholding tax of 15% (for foreign corporations, a rate of 5% applies on the first PHP 100,000 of gains, and 10% on gains in excess of PHP 100,000) while. Choosing between the two structure, especially for a foreigner doing business in the Philippines, I would go for corporation. For the basic reason of unlimited liability for a single proprietorship. Anyhow, monies and capitalization are so required, and yes it must be deposited in a bank located in the Philippines

38 Small Business Ideas for Philippines with Small Capital

Closing a business in the Philippines is just not plain stopping - like no more selling or offering of services. You need to have proper closure with BIR and other government agencies especially if your business is registered and has been paying taxes. Parang relationship lang yan, if-mag-break-up kayo, mag-usap kayo, wag kayong mang-ghost The initial investment capital is also greatly varied, average being about $20.000-$50.000. An interesting aspect is the existence of the Philippines Franchise Association, a non-profit organization established in 1995 to help organize the growing number of national and foreign franchise industry players

Business tax laws in the Philippines Philippines 2016

REPUBLIC OF THE PHILIPPINES. PROVINCE OF NEGROS ORIENTAL CITY OF DUMAGUETE}. SWORN STATEMENT OF CAPITAL I, Sheila Marie Rose Lara, Filipino, of legal age, with address at Piapi, Dumaguete City, Negros Oriental, after having been sworn in accordance with law declares that: 1. I am the authorized representative of The Organic Lolas Superior Ventures Inc., which is duly registered with the. capital stock of the corporation has been subscribed, and at least twenty-five (25%) of the total subscription has been fully paid to him in actual cash and/or in property the fair valuation of which is equal to at least twenty-five (25%) percent of the said subscription, such paid-up capital being not less than five thousand (P5,000.00) pesos Starting a Bakery in the Philippines. April 11, 2021, 7:21 pm October 17, 2014. How much would be the ideal capital in starting a business like this? Your advice could be a great help with us, thanks in advance! faye. June 8, 2010 at 2:24 pm 11 years ago hello.good day i reaally inspired about the topic pls advise me what is the.

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  1. - If securities, as defined in Section 22 (T), are ascertained to be worthless and charged off within the taxable year and are capital assets, the loss resulting therefrom shall, in the case of a taxpayer other than a bank or trust company incorporated under the laws of the Philippines a substantial part of whose business is the receipt of.
  2. 10 Best Franchise Business Opportunities in the Philippines Under P500,000. If you're on board with starting a franchise business, here are the 10 cheapest franchise business opportunities you can get into in the Philippines. 1. Food Cart Franchise. Franchise capital: Php 20,000 - Php 30,00
  3. Tradeline Philippines Tradeline Philippines is an online database service that provides product search listing thousands of manufactured exported Philippine products complete with product specifications and is a business search allowing users to contact Philippine exporters, suppliers and local/foreign buyer details and the products/services.
  4. New Small Business Ideas in the Philippines with Small Capital. 1. Online Business in Philippines. According to World Economic Forum, digital penetration has been in Philippines. Studies show that there are 67 million internet users in Philippines and for social media, the numbers are same. This rapidly expanding digital culture is facilitating.
  5. How to Register a Business in the Philippines: Requirements and Permits Steps to Legally Register and Operate a Business in the Philippines. There are a number of government agencies you must register with in addition to opening a bank account when starting a business in the Philippines and hiring employees

REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE Quezon City December 27, 2002. REVENUE REGULATIONS NO. 7-2003. SUBJECT: Providing the Guidelines in Determining Whether a Particular Real Property is a Capital Asset or an Ordinary Asset Pursuant to Section 39(A)(1) of the National Internal Revenue Code of 1997 for Purposes of Imposing the Capital Gains Tax under. NOW THEREFORE, for and in consideration of the total sum of (Amount in words) (Php: 000,000.00) Philippine Currency, and of the covenants herein after set forth the SELLER/VENDOR agrees to sell and the BUYER/VENDEE agrees to buy the aforesaid property subject to the following terms and conditions: (Note: Terms and Conditions below are sample. A Treasurer's Affidavit or a Treasurer's Certificate is a document that is subscribed and sworn to by the Treasurer of a corporation to certify the amounts subscribed and paid by the subscribers for stock corporations.It is one of the requirements for the increase of the authorized capital stock for stock corporations.. Take note that a Treasurer's Affidavit is no longer a requirement for. The Cost and Return Analysis is the most common method of determining the profitability of a farm business. The Net Return is also referred to as the Net Income. Net Return is the profit from the year's operation and represents the return to the owner for persona 1 labor, management, and equity used in the farm

How to secure a local Business/Mayor's Permit Philippine

- On net capital gains realized during the taxable year from the sale, barter, exchange or other disposition of shares of stock in a domestic corporation - Fifteen percent (15%) (C) Income Derived from All Sources Within the Philippines by a Non-resident Alien Individual Not Engaged in Trade or Business Within the Philippines. - xx Need a business plan but not sure where to start? Get inspired with our collection of free sample business plans, all in SBA-approved format and available in their entirety online A Partnership is a separate legal entity from that of the participants in the partnership. A partnerships consist of 2 or more individuals, and may either be a; general partnership, where partners have unlimited liability for the debts and obligation of the partnership, or a limited partnership, where one or more of the partners have unlimited liability and some partners have liability only up. To legally start a business in the Philippines, you will need a Business Permit to be issued by the Business Permit & License Office of the City/Municipality government. I will tell you that it's expensive to get a Business Permit for a Sole Proprietorship in the Philippines. Aside from the high cost, you may need to give some additional cash.

Poultry Farming Business Plan in Philippines - Poultry Manua

A minimum capitalization of Two Million Pesos (P2,000,000.00) in case of a single proprietorship or partnership and a minimum paid-up capital of Two Million Pesos (P2,000,000.00) in case of a corporation; Provided that those with existing licenses shall, within four years from effectivity hereof, increase their capitalization or paid up capital, as the case may be, to Two Million Pesos (P2,000,000.00) at the rate of Two Hundred Fifty Thousand Pesos (P250,000.00) every year 8. Capital from the sale, exchange or other disposition of real property located in the Philippines classified as capital asset: 6%: 9. Net Capital gains from sale of shares of stock not traded in the Stock Exchange - Not over P100,000: 5% - Any amount in excess of P100,000: 10 Micro businesses in the Philippines can be defined according to the size of assets, size of equity capital, and number of employees. A typical micro business is a business that employs nine people or fewer, with assets of ₱3 million and below.. In the Philippines, about 90 percent of all businesses are categorized as micro businesses A domestic corporation or subsidiary is typically used for conducting business in the Philippines. A foreign corporation may also establish a branch in the Philippines. There is a capital requirement of USD200,000 for a subsidiary if the foreign equity in the subsidiary is more than 40 percent

Business Plan Sample, Management - About Philippine

1. A branch office. is an office of a foreign corporation which carries out the business activities of the head office and derives income from the Philippines.. 2. A representative office is an office of a foreign corporation which deals directly with the clients of the head office but does not derive income from the Philippines.. The representative office is fully subsidized by. Business news and analysis. Covering financial news, economic issues, stock market data, local business, business policy and more The Philippines' statutory transfer pricing rule is patterned after what is now Section 482 of the US Tax Code. It was codified in 1939 and has remained unchanged since. Court decisions have also confirmed that Section 482 of the US transfer pricing regulations can be used as guidance when applying the Philippine transfer pricing rules

Real Cost of Starting a Small Business in the Philippine

No interest shall be paid on the initial contributions to the capital of the partnership or on any subsequent contributions of capital. 7. MANAGEMENT DUTIES AND RESTRICTIONS. The partners shall have equal rights in the management of the partnership business, and each partner shall devote his entire time to the conduct of the business Download Gas Station Business Plan Sample in pdf. OGS capital professional writers specialized also in themes such as creating a franchise business plan, service business marketing plans, plumbing company business plan, locksmith business plan, business plan for horse training, handyman business plan, church business plan and many others

50 Best Small Business ideas in Philippines for 2021

By: Garry S. Pagaspas, CPA. With the passage of Revised Corporation Code in Philippines or Republic Act No. 11232 (RA No. 11232) sometime February 2019, One Corporations Corporation (OPC) in Philippines is conceptualized to provide an additional legal structure to facilitate ease of doing business in the Philippines at par with other countries and jurisdictions A Philippine corporation can be 100% foreign-owned, as long as it is not listed in the Philippine Foreign Investment Negative List (FINL). If a registered company is 60% Filipino-owned and 40% foreign-owned, it is considered a Filipino corporation. If it is more than 40% foreign-owned, it is considered a foreign-owned domestic corporation UNICE

15 thoughts on Philippines Foreign Corporation Branch Office Henry October 23, 2009 at 12:21 pm Companies which export more than 60% of their products or services may apply for an exemption. The business is a KPO and is a 100% exportation of services Additional Community Tax (not to exceed at Php 10,000.00) will quantify based on the assessed value of real property owned by the company in the Philippines at the rate of Php 2.00 per Php 5,000.00 inclusive with its gross receipts, dividends or earnings, and amount derived from business activities in the Philippines during the preceding year. 7 The SEC will require a prospective Corporation to reserve and register a name, submit proposed Articles of Incorporation and By-Laws which are compliant with the requirements of the Corporation Code of the Philippines, and meet the minimum capitalization requirements pertaining to the industry or business that it is engaged in The types include dry cleaning business, home based laundry, coin operated laundry and laundry shop. You could also buy an existing business and improve it. The average cost of starting a franchise is Php 200,000 to Php 400,000, depending on the franchise you choose. A popular franchise in the Philippines is Nothing but Laundry

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