Establishing a Partnership for an Accounting Firm

Pellas, Associates & Co. is an accounting and consultancy firm located in Makati and
Taguig City Manila Philippines. The Firm focuses its practice primarily to engage in providing
accounting, management and business legal advisory, audit, tax, risk consulting and other services
to individual, partnership and corporate business establishments, profit or not-for-profit
associations, and other organizations
Our firm prides itself in being more than just an accounting expert. Most of our
professionals are the best their respective professional business career. The members are extremely
active in regulatory committees, industry associations and educational programs, to ensure that they
are contributing to the growth of the industry in which they operate. Pellas, Associates & Co. is
known as an extremely proactive and business oriented firm, and uses the experience of its entire
team to help ensure the successful growth of its many start-up and emerging company clients.
Carefully chosen by our varied individual, business, corporate and IT clients, our firm has
aggressively avoided becoming the proverbial jack-of-all-trades and master of none. We
deliberately limit the breadth of our practice to assure expert business advice for our clients. As
proof of our effectiveness, the firm is often retained to handle high-stakes matters in which other
competent firms have encountered difficulties and deadlines are closing in.
The foundation of the firms philosophy is a genuine commitment to providing the best
client-centered accounting and management services based on business expertise and practical
experience. The firm is highly esteemed by both clients and adversaries for its tenacity, experience
and ability to expertly handle any piece of business solutions that may be entrusted to the firm. By
combining professional accounting skills and hard work with the team-based approach of a boutique
accounting and consultancy firm, we are able to develop innovative business strategies that benefit
our clients.
Our client base is as varied as our services and our goal is to treat our clients in a thorough,
professional manner and still enjoy a personal relationship. We take the time to answer our clients
questions so they have a complete understanding of our services.

1. Articles of Partnership
While the Board of Investment is an agency that gives incentives to investors, the Philippine
Economic Zone Authority or PEZA wont be left behind on that because they, too, give incentives to
corporation Philippines who register on their agency. The incentives would benefit the Philippines
business registration in becoming productive and save up on various aspects such as taxes, products
and money. Here are just some of the incentives that a specific business would get when they do
business registration in Philippines with PEZA.
For instance, if you are in the field of ecozone facilities enterprise specializing in
warehousing, one incentive that you can get is income tax holiday where you are exempted to pay
taxes on a certain period of time.
For corporation Philippines or foreign entities in the field of medical tourism, you get
various fiscal and non-fiscal incentives provided for under R.A. No. 7916 as long as you have been
endorsed by the Department of Health and has earned accreditation from Philippine Council for
Accreditation of Healthcare Organizations (PCAHO). One fiscal incentive that a medical business
enterprise can get is four years Income Tax Holiday (ITH) on the income that is based on serving
foreign patients. They are also entitled to the payment pf 5% Gross Income Tax in lieu of all the
national and local taxes and, provided; they forego their ITH incentive in exchange for thiswhich
is up to them. They are also given tax and duty-free importation of medical supplies, which include
spare parts and equipment supplies that are required for the everyday operation and activities of
their business.
On the non-fiscal incentives, they are given the privilege to employ foreign nationals that is
under the under R.A. No. 7916, which is just right since this Philippines incorporation also caters to
foreign patients visiting the Philippines. For medical tourism businesses owned by foreigners, they
granted Special Investors Resident Visa (47A-2) as stated in the Executive Order No. 63.
When it comes to Philippines business registration on tourism ecozone developers /
operators and locators, they also get incentives that they can avail once they have received the
endorsement of the Department of Tourism. For fiscal incentives, they are also entitled to four
years of Income Tax Holiday (ITH) that is subject to the IPP of PEZA and those located in less
developed areas shall be granted 6 years of ITH. Once the period expires, they can have the option
of paying a special 5% tax on gross income earned, in lieu of all national and local taxes. And of
course, to avail this, the business should let go the ITH incentive and avail the 5% GIT
immediately. They are also entitled to tx and duty-free importation of capital equipment required
and needed for their day-to-day activities.
For non-fiscal incentives, the business enterprise gets the following:
Employment of foreign national, as provided under R.A. No. 7916

Special Investors Resident Visa, as provided under Executive Order No. 63; and
Subjected to prescribed guidelines, they are entitled to the incentives that are under the
Build-Operate-Transfer
Law.
Whatever the type of Philippines incorporation you have, you will always be entitled
with fiscal and non-fiscal incentivesof course, provided that you do Philippines business
registration in PEZA. You may not know it now, but you will find out that this kind of business
registration in Philippines will help in improving your business and making it productive as it
booms in the next years.

2. Quality Review
The firm is known for the quality of its service. Our firms reputation reflects the high
standards we demand of ourselves. We are devoted to quality and have taken extra steps to assure
that we meet the highest professional standards of quality. We have a firm-wide commitment to
excellence in our practice.
Our primary goal as a trusted advisor is to be available to provide professional, educated and
insightful advice to enable our clients to make informed business and financial decisions. We do not
accept anything else from ourselves and this is what we deliver to you.

3. Names of the Partners:

Anthony L. Pellas

Certified Public Accountant (CPA) and Fraud Examiner with Law study;
Tax Consultant of various multinational firms;
Labor Law and business legal advisor;
Has extensive experience in external auditing, business process risk review, business fraud
audit, accounting systems design and implementation, and bookkeeping and accounting;
Has serviced multinational and local companies in the information technology,
manufacturing and trading (retail), real estate and construction, telecom, insurance and preneed plans, investment houses and securities brokers, hotel and restaurant, non-profit
organizations and other industries;
Former Professor of different universities handling accounting and auditing;
Experienced and strong working knowledge in Information Technology, accounting systems,
software design and programming, networking, file/computer security and server
administration.
Address:
GLOBAL CITY OFFICE
14/F Net Cube Center
3rd Avenue corner 30th Street
E-Square Zone, Bonifacio Global City, Taguig City Metro
Manila Philippines

Melojean L. Quijano

Certified Public Accountant (CPA) with Law study

Joseph N. Adamos, Lawyer
Labor Law and Corporate Consultant