Information

This barrier is unrelated to the end of the transition period, following the United Kingdom's departure from the EU.

Public ID: PID-B8YAPB

Stringent requirements for overseas contractors working in the Philippines

in Philippines

Trade barrier summary

Under the Philippine Contractors Accreditation Board (PCAB), 100% overseas-owned contractors have access to the market under the 'Quadruple A' category - regular license with annotation - provided that:

- they are incorporated as a domestic corporation
- they have capital of at least one billion Philippine pesos in cash

In addition, a contractor issued a 'Quadruple A' licence may only engage in:

- ‘vertical projects’ that have a minimum contract value, per single project, of at least 5 billion Philippine pesos
- ‘horizontal projects’ that have a minimum contract value, per single project, of at least 3 billion Philippine pesos

Smaller-sized contractors that do not meet the required capital, may still access the market through accessing a special license by the PCAB

Sectors affected

  • Maritime
  • Railways
  • Airports
  • Construction
  • Advanced engineering

Resolved

Yes - August 2021

Date reported

5 March 2019

Last updated

5 April 2023

Public ID

PID-B8YAPB

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