Business Registration
Business registration in the Philippines has expanded to over 1.46M in the last couple of years.
With that said, there is no switch-off button to stop this expansion.
Economically, the Philippines is a booming nation, and also one of the fastest developing countries in Asia.
While, you are one of those amazing people with a brilliant business idea, and guess what, Congrats!
Welcome to the realm of entrepreneurship.
We will show you how you can start on your own business, with all the registration process, documents requirements, and other mandataries to operate legally.
What We Offer
- Registration of the business enterprises to all applicable government agenices, Department of Trade and Industries, Securities and Exchange Commision, City Halls, and Bureau of Internal Revenue.
- The documents prepared includes all the Primary and Supplementary requirements.
-The initial step is to register with the Department of Trade and Industry (DTI).
REQUIREMENTS:
- Accomplished Business Name Registration form. (Avail it here).
- Registration fee, documentary stamp depending on the regional coverage.
- One copy of a valid, government-issued ID.
Get the Business Name Registration Application forms (PDFs) here:
Registration with the Cooperative Development Authority (CDA).
REQUIREMENTS:
- A minimum of 15 members.
- Bond of accountable officers.
- Capitalization of at least PHP 15,000 total paid-up capital.
- Four copies of the Economic Survey.
- Four copies of the Articles of cooperation duly notarized (avail at CDA office), and By-Laws.
- Undertaking to change the name and submit reportorial requirements.
- Cooperative pre-membership education seminar certification.
- Audited financial statements and Cooperative Annual performance Report to secure a certificate of good standing.
- Registration with the Securities and Exchange Commission (SEC).
REQUIREMENTS FOR CORPORATIONS
Mandatories:
- Articles of Incorporation.
- Verification Slip form.
- A written undertaking to Change the Corporate Name by a Trustee or Incorporator.
- Registration fee.
For Stock Corporations :
- Treasurer’s affidavit and clearance certificate from Government agencies.
- Bank Certificate of Deposit, with the notarized location of the Bank.
- Proof of Inward Remittance by subscribers or Non-resident Aliens.
- Foreign investment application form. (F-100)
For Non-Stock Corporations :
- Records of a list of members and the amount contributed duly certified by the Treasurer or Secretary.
BUSINESS PERMIT
The business permit depends on the sector specified agencies, such as
- Travel Agencies – Department of Tourism (DOT)
- Food and Cosmetics – Food and Drug Administration (FDA).
- Education and Learning centers – Department of Education (DepEd)
- Pawnshop/Financial services – Bangko Sentral ng Pilipinas (BSP).
The business permit registration involves registration with the local government units or the municipality.
Mayor's Permit
Requirements:
- Department of Trade and Industry or Securities Exchange Commission Registration.
- SSS registration.
- Articles or certificate of incorporation.
- Tax Certificate
- Certificate of occupancy.
- Building permit
- Contract of the lease with a sketch of the site.
- Electrical inspection certificate.
- Barangay clearance.
BUREAU OF INTERNAL REVENUE (BIR)
The Bureau of Internal Revenue is a government agency connected with the Department of Finance.
It serves to collect and reduce all the internal revenue taxes, fees, and charges, enforce all penalties, forfeitures, and fines connected.
The registration of the business in the BIR is one of the most essential and supporting prerequisites to operate a business in the Philippines because you cannot engage in any business without a tax identification number and can only avail after the registration.
REQUIREMENTS
Mandatories:
- Tax Identification Number (TIN)
- Authority to print Book of Journal and Invoice.
APPLICATION FOR TIN (For Employers).
For Corporations & Partnerships
- License to operate a business in the Philippines (for Foreign Citizens).
- Either a mayor’s permit or an application for Mayor’s permit.
- SEC registration certificates for corporations & partnerships
Self Employed/Mixed-Income Individual.
- Valid government-issued ID or a certificate of birth showing full name, address, and date of birth.
- Either a mayor’s permit or an application for Mayor’s permit.
- Department of Trade and Industries (DTI) Certificate of Business Name Registration.
Authority to print Book of Journal and Invoice.
- Final and clear sample of receipts and invoices
- Xerox copies of proof of payment, Certificate of registration (COR), with the last booklet printed.
- Job Order.
- Final and clear sample of Receipts and Invoices with machine printed.
- Xerox copies of BIR forms, proof of payment, TIN card.
Other Registration Requirements
You can check the official websites for the below requirements and comply with the mandataries to operate your business legally in the Philippines.
Should you need help from our expert consultants, we are here to make your dreams come true.
Meanwhile, the other requirements for the registration are as below:
Would you like to speak to one of our Expert Advisers?
1D Business Solutions Inc has registered hundreds of business registrations in the Philippines since its inception in 2021.
Our absolute resolve is to provide quality and fast services by maintaining utmost prudence, accuracy, and competence.
What does 1D Business Solutions do?
Our organization deals in handling all business-related activities which partake in the overall business process such as business permit registration, accounting, assurance services, tax compliance, advisory services including but not limited to consultancy and management, risk advisory through planning and budget, technology managed services, and other special engagements necessary.
What industries do we specialize in?
We handle business registrations of the BPO, Information Technology, Manufacturing Companies, and others in the service sectors.