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Registration with the Cooperative Development Authority (CDA)
Republic Act 9520, also known as the “Philippine cooperative code of 2008”, defines a cooperative as, “an autonomous and duly registered association of persons, with a common bond of interest, who have voluntarily joined together to achieve their social, economic, and cultural needs and aspirations by making equitable contributions to the capital required, patronizing their products and services and accepting a fair share of the risks and benefits of the undertaking in accordance with universally accepted cooperative principles.”
The Cooperative Development Authority (CDA) is a government agency which registers all types of cooperatives in the Philippines. In order to qualify, you must have at-least 15 members in your proposed cooperative. The proposed business name, which should include the word “cooperative”, must be submitted to the CDA office, and all other necessary requirements such as the economic survey, articles of cooperation and its by-laws and the names of the cooperative’s directors.