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Steps for Registering a Business in the Philippines

Posted by interbizconsulting on May 14th, 2020

If you are going to start your enterprise in another country, then you should be aware of the steps for business registration in the Philippines. The more you know about what is required, then the easier it is going to be for you to get your company started and off the ground in this country. Keep reading to find out more about what would be required for you to get started and to get operating in this country.

Registration Steps to Take

There is a lot that you need to know about company registration in the Philippines and here are the steps that you must take to operate in the country, including:

1. Deciding what type of corporate structure you are going to being operating as
2. Record the name of your enterprise with the right department based on corporate structure
3. Give the required minimum deposit of around PHP 5,000
4. Record your required information with the SEC or Securities and Exchange Commission
5. Complete the notarization of all of the necessary documents
6. Apply for and obtain your TIN or tax identification number
7. Record all required details with the BIR or Bureau of Internal Revenue
8. Get the necessary Barangay Clearance, which can cost you between PHP 300 to PHP 1,000
9. Submit the annual community tax to the CTO or City Treasurer’s Office
10. Get your enterprise permit
11. Record the employee related information with SSS or social security system
12. Get any other necessary clearances from various departments like Department of Environment and Natural Resources (DENR), PAG-IBIG fund, PhilHealth and Department of Labor and Employment (DOLE)

These are just some of the steps that you must take in order for your enterprise to be valid in terms of operating in the country. If you don’t know what needs to be done or if you can’t get it done on your own, then there are experts available that can help you.

Ensure that you have everything that is required in order, including the importation license in the Philippines for your current enterprise. These steps can be completed and you get the necessary documents and permits to start working, which means you can start to hire employees as well. To make the entire process easier gather what documents would be required at the start and give them as requested or even hire a team of experts to assist you with this process.

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Also See: Various Departments, Treasurers Office10, Tax Identification, Social Security, Steps, Enterprise, Country

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