Doing Business in the Philippines: Business Registration Process Made Simple
Business Registration Made Simple infographic

Doing Business in the Philippines: Business Registration Process Made Simple [infographic]

Business registration in the Philippines is comprised of a hierarchical process of acquiring certificates and licenses from various government agencies. If you are planning to set up a business in the country but are unsure of the requirements involved in the registration process, here’s a quick overview:

1. Register business name with SEC
Register your company’s business name through the Securities and Exchange Commission (SEC) i-Register Facility by:

  • verifying and reserving your proposed name with the Name Verification Unit or
  • reserving online at SEC’s website

2. Prepare documents for submission to SEC

  • Articles of Incorporation and By-Laws
  • Treasurer’s Affidavit (signed by the incorporators for notarization)

3. Obtain business permits from Local Government Units (LGUs)

  • Secure a Barangay Clearance from the Barangay Hall
  • Secure a Mayor’s Permit from the Mayor’s Office
  • Secure a Business Permit to Operate from the Business Permit and Licensing Office (BPLO) and pay necessary fees

4. Process with the Bureau of Internal Revenue (BIR)
Secure the following from the BIR:

  • BIR Certificate of Registration
  • Certificate of Registration of Books of Accounts
  • Cash Register Machine (CRM) or Point of Sale Machine (POS) or Authority to Print Receipt/ Invoices (Manual Receipts)

5. Register employees with relevant government agencies

  • Social Security System (SSS) (for social security)
  • Philippine Health Insurance Corporation (PhilHealth) (for health insurance benefits)
  • Home Development Mutual Fund (Pag-IBIG Fund) (for housing benefits)

Types of Corporate Business Entities in the Philippines

The SEC is the government agency mandated to supervise the corporate sector and it prescribes different requirements for the various business entities allowed by local laws to be established in the Philippines. These business entities are as follows:

Domestic Corporation

  • One Person Corporation 
  • 100% Filipino-Owned
  • 60% Filipino-Owned and 40% Foreign-Owned
  • 40.1% to 100% Foreign-Owned

Foreign Corporation

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