How to Register a Business in the Philippines
Want to register a business in the Philippines? We’ll tell you where to go and what to get when you register a business. We’ll begin with the easiest one a single proprietorship.
A simple and easy business to register in the Philippines would be a single proprietorship. It has the least amount of documents and items required.
The very first step to register a business in the Philippines would be to apply for a business name at the Department of Trade and Industry (DTI).
The applicant should be at least eighteen years old. Sometimes they would require a certificate from the Philippine National Police or from the National Bureau of Investigation in the area where you want to start a business in Philippines.
At the DTI get an application form, remember to bring two 2″ x 2″ identical color photos and sign them at the back. These photos should have been taken within one preceding year when you register a business in the Philippines.
Another document necessary register a business with a single owner is to present proof of citizenship. If your surname or family name sounds foreign you may inspect your passport (bring it along, it might come in handy). If you register a business where you’ll be a practicing professional (medical doctor, accountant, lawyer etc.) you will be required to present a photocopy of your license from the Philippine Regulatory Commission.
If you want to register a business as a corporation we need to get a certificate of registration from the SEC (Securities and Exchange Commission). A minimum of five people is required to register a business as a corporation, the maximum would be fifteen (majority of these should be residents of the Philippines).
Bring the following to register a business at the SEC:
Your cover sheet
A name verification slip
Registration Data Sheet
Bank Certificate of Deposit for your Paid-up capital
Articles of Incorporation
Undertaking to Change Name
A Treasurer’s Affidavit
Your Corporate By-Laws
Endorsements/clearances from other government agencies
Proof of remittance by foreign corporate subscribers and for a corporation with Foreign Equity
Application Form F-100, for corporations with more than 40% foreign equity
If you want to register a business in the Philippines as a partnership you would also have to go to the SEC. There should at least be two applicants. Majority of the partners should be residents of the Philippines. A partnership in Philippine law is where business partners “contribute money, property, or industry to a common fund with the intention of dividing the profits” among themselves.
Here’s a list of items you should bring to the SEC.
A Cover sheet
A Name verification slip
Your Articles of Partnership
A Registration Data Sheet
Endorsements/clearances from other government agencies
Application Form F-105 (For partnerships with Foreign Partners)
Bank Certificate on the capital contribution of the partners
Proof of Remittance of foreign partners
These are the items you need to bring with you when you register a business in the Philippines. Remember to bring every single item along so you don’t waste time going back and forth.
9 Responses to “How to Register a Business in the Philippines”
Leave a Reply
hi,
i want to put up a business with foreign partner. together we want to put up a food business (like halo-halo or ice monster) in a mall in a new kind of food to taste (means new in the industry). we want to know what are the things we need to prepare? please help us…
thank you.
ivy agustin
gud morning.
we wanted to register our home owners association with the SEC. Please let us know the requirements.
dolly quinan
i have foreigner client, he wants to do business here in the philippines & pt up a foreign partnership corporation w/ on partner as filipino citizen.
What are the steps to take in registering the business?
and how about the process in BIR registration.
Annabel
hello sir,
I m an Indian and i want to put a business here in Philippines. I want to do business of Import and Export & I am also interested to do a business with government like to purchase a property of government and sale it. I want to know how to how to register a company if i m going to do this business alone and what if i will do a partnership with any Filipino person.
Sir i want to know this as soon as it is possible and i will wait for reply.
I have an existing C-Coproration in the US. We want to do work here in the Philippines. We do not want to establish a new office or a new business. Are there any registration requirements?
We want to change the registered address of our newly registered Corporation with Security and Exchange Commission. Our registered address is South Cotabato but we change our mind we will open in Angeles City. We are told that we can’t have a mayor’s permit in Angeles City because the registered corporation address is South Cotabato. We want to open the business in Angeles City instead of South Cotabato, what shall we do?
what if we would like to register a partnership, instead of a single proprietorship? we are both Filipinos, but we would like both of us to reflect as the owners, how does that work? one other thing, how long does the entire registration thing take, before one can actually start doing business?
thanks much.
good day!
i was just wondering if i want to put up a business of food supplements that will be imported to the Philippines from Canada what are the process that i should undergo. And i was also thinking of dealership of the products. can you help me?
Thanks for the info..:)..