Are you ready to make your dream business into reality? Got plans for registering a company in the Philippines? Let’s make your business startup straightforward. Here’s a guide we made for you on how to obtain the necessary certificates and licenses to operate a business in the Philippines. But first, you must be familiar with the different types of business structures depending on the exact nature you wish to conduct.
- Register your business name in the Securities and Exchange Commission (SEC).
- Name Verification Slip
- Articles of Partnership (AP)
- Joint Affidavit of two partners to change the partnership name (not required if already stated in the AP)
- Endorsement/clearances from other government agencies, if applicable
- For partnership with a foreign national partner, submit FIA Form 105
Note: For a limited partnership, the word “Limited” or “Ltd” should be included in the partnership name.
- Register in the local barangay. Secure a Barangay Business Clearance.
- Register with the Social Security System.
Companies that hire employees must register their business and their employees with the SSS as compliance with the Social Security Law. This ensures that the employer remits the contribution of the employees to the agency for their employee’s benefit.
- Obtain a Business Permit and Licenses from the Mayor’s Office.
- Register with the Bureau of Internal Revenue (BIR). Obtain the BIR Certifcate of Registration.
- One Person Corporation
- 100% Filipino-Owned
- Filipino Corporation: 60% Filipino-Owned and 40% Foreign-Owned
- Domestic Foreign-Owned Corporation: 40.1% to 100% Foreign-Owned
- Branch Office
- Representative Office
- Regional Headquarters
- Regional Operating Headquarters
A corporation can be either considered a stock or non-stock company regardless of nationality. As a for-profit corporation, a stock corporation has authorized capital stock, which is divided into shares to the investors. A non-stock corporation, however, doesn’t issue shares of stock and operate a for-profit undertaking.
The incorporation of a company is lodged in the Securities and Exchange Commission.
- Verify the availability of business name in the SEC Company Registration System. Once available, file the application for incorporation.
- Secure a bank deposit receipt for the paid-in capital.
- Submit the notarized documents to SEC office in Mandaluyong:
- Articles of incorporation
- Corporate By-Laws
- Treasurer’s Affidavit
- Affidavit of Undertaking stating change of corporate name
Afterward, claim the SEC Certificate of Registration.
- Apply for a Barangay Business Clearance.
- Acquire a Mayor’s Permit.
- Register with the Bureau of Internal Revenue (BIR).