Registering Your Business in the Philippines!

Operating a business is not only about having an outstanding product or service and secured amount of finances, but it also demands some permits and licenses from a lot of government agencies. If you are planning to get your business registered in the Philippines, you either need to hire a business registration services firm or know how to carry out the process of sole proprietorship registration in the Philippines. One of the most simple and easy business to register in the Philippines would be a sole proprietorship. It has the least amount of items and documents required.

To avoid any type of legal complications, it is always important to register your business. Also, it is a standard practice for rivals to keep a check on you if you have all the required registrations completed because if you don’t, this will be a huge opportunity for them to disrupt your company’s operation by informing the right authorities. One of the most important parts of registering your company in the Philippines would be to apply for a business name the Department of Trade and Industry (DTI).

The individual who is applying for the registration should be at least 18 years old. At times, they ask for a certificate from the Philippine National Police or from the National Bureau of Investigation in the locality where you wish to commence a business in the Philippines. You need to bring two 2″ x 2″ same color photos and sign them on the back, when you come to submit your DTI form. The photos should have been clicked within a previous year when you register your business in the Philippines. 

Another crucial document to produce when you apply for business registration is the proof of your citizenship.  If you want to register your business as an organization, you need to get a certificate of registration from the Securities and Exchange Commission. At least five individuals are required to register a business as an organization, and the maximum number would be fifteen who should be natives of the Philippines.

The following items need to be brought to the Securities and Exchange Commission’s:

1. Your cover sheet

2. A name proof slips

3. Registration data sheets

4. A certificate from the bank to show the deposit for your paid up finance

5. Incorporation articles

6. Undertaking to revise names

7. A financier officer’s affidavit

8. Your official by laws

9. An approval from other government agencies

10. Form F 100 for companies with more than 40% foreign equity

But, if you want to register a business in partnership, you would also have to visit SEC. There needs to be minimum two applicants. And the majority of the partners should be natives of the Philippines.

We at Interbiz Consulting Group provide unparalleled professional assistance for business registration in Philippines for new local and foreign companies.