A Regional Headquarters of a multinational company is an administrative branch which principally acts as a supervision, communications and coordination centre for the subsidiaries, branches or affiliates of a multinational company in the Asia-Pacific Region. It is not allowed to do business or earn income from the host country, unlike a branch or subsidiary. Neither does it deal directly with the clients of the parent company, unlike a representative office, when it undertakes such activities as information dissemination and promotion of the company’s products for export.
Capital Requirement
The amount of not less than Fifty Thousand US Dollars (US$50,000) or its equivalent in acceptable foreign currency must be remitted annually. However, the amount required to be initially remitted is at least Thirty Thousand US Dollars (US$30,000.00).