Company Formation in Philippines
Asia-Pacific
Overview
The Philippines offers a dynamic business environment in Southeast Asia, known for its strategic location, a large English-speaking workforce, and growing economy. Company registration involves a multi-agency process, primarily through the Securities and Exchange Commission (SEC), followed by local government and tax authorities. It's an attractive destination for businesses looking to tap into the Asian market.
Our Process
Step 1: Company Name Reservation
Reserve your company name with the Securities and Exchange Commission (SEC) for corporations, or relevant authorities for other business types (DTI for sole proprietorships, CDA for cooperatives).
Step 2: Document Submission to SEC
Submit essential incorporation documents, including the Articles of Incorporation, By-laws, and an Affidavit of Treasurer in Trust, to the SEC. Upon approval, the SEC issues the Certificate of Registration.
Step 3: Local Government Unit (LGU) Registration
Register with the local government units where your business will operate, obtaining Barangay Clearance, Mayor's Permit, and a Business Permit from the Business Permits and Licensing Office (BPLO).
Step 4: Bureau of Internal Revenue (BIR) Registration
Register with the BIR for corporate taxation purposes, obtaining a Certificate of Registration, registering your books of accounts, and securing permits for official receipts/invoices.
Step 5: Other Government Agencies (If Applicable)
If you plan to hire employees, register with the Social Security System (SSS), Philippine Health Insurance Corporation (PhilHealth), and Home Development Mutual Fund (Pag-IBIG Fund).
Key Requirements
- 3-5 alternative company names for reservation
- Registered local address (virtual office is an option)
- Articles of Incorporation and By-laws
- Affidavit of Treasurer in Trust (for proof of paid-up capital)
- Minimum paid-up capital (PHP 5,000, with at least 25% of subscribed capital paid)