What is the minimum paid-up capital requirement for a corporation under the Revised Corporation Code?

The minimum paid-up capital requirement for a corporation under the Revised Corporation Code has been set with flexibility in mind. Specifically, there is no overarching minimum paid-up capital required for corporations; however, certain industries are subject to specific regulations that may impose their own capital requirements. This means that while a general corporation does not need to maintain a specified capital, businesses in regulated sectors, such as banks and insurance companies, may face particular capital standards as dictated by additional laws. This structure provides room for varying business types and allows for economic growth by not burdening newly established corporations with rigid financial constraints, thereby promoting entrepreneurship.

Other options suggest fixed capital requirements or that certain industries are the only ones with requirements, but they do not represent the broader framework established by the Revised Corporation Code. The flexibility allows companies to start with minimal capital unless their specific industry dictates otherwise.