The Minimum capital stock required of stock corporations and Amount of capital stock to be subscribed and paid for purposes of incorporation are stated in SEC. 12 and SEC 13 of The Corporation Code of the Philippines with details as follows:
SEC. 12. Minimum capital stock required of stock corporations. - Stock corporations incorporated under this Code shall not be required to have any minimum authorized capital stock except as otherwise specifically provided for by special law, and subject to the provisions of the following section.
SEC. 13. Amount of capital stock to be subscribed and paid for purposes of incorporation. - At least twenty-five (25%) percent of the authorized capital stock as stated in the articles of incorporation must be subscribed at the time of incorporation, and at least twenty-five (25%) percent of the total subscription must be paid upon subscription, the balance to be payable on a date or dates fixed in the contract of subscription without need of call, or in the absence of a fixed date or dates, upon call by the board of directors: Provided, however, That in no case shall the paid-up capital be less than five thousand (P5,000.00) pesos.
