You are on page 1of 2

c  


 
Want to register a business in the Philippines? We͛ll tell you where to go and what to get when
you register a business. We͛ll 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   .  
  !!     
 "  in
the area where you want to start a business in Philippines.
At the DTI get an application form, remember to #$0%$0 ! 
 # &'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.
˜Ê If your surname or family name sounds foreign you may inspect your passport (bring it
along, it might come in handy). 
˜Ê  #(# ! ! ) *
 * '+#! !!
 !! ,'
˜Ê 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 profits͟ among themselves.
˜Ê   #  !   
 ,) % ,+' "
!! #  ! * %#
) -# !!+'
„ring the following to register a business at the SEC:
˜Ê Dour cover sheet
˜Ê A name verification slip
˜Ê |egistration Data Sheet
˜Ê „ank Certificate of Deposit for your Paid-up capital
˜Ê Articles of Incorporation
˜Ê ›ndertaking to Change Name
˜Ê A Treasurer͛s Affidavit
˜Ê Dour Corporate „y-Laws
˜Ê Endorsements/clearances from other government agencies
˜Ê Proof of remittance by foreign corporate subscribers and for a corporation with Foreign
Equity
˜Ê Application Form F-100, for corporations with more than 40% foreign equity
‘ne of the first issues that one encounters when putting up a business in the Philippines is
applying for a business name. The steps for applying for a business name in the Philippines are
pretty easy. Dou just fill out a form, submit your  %  #* *.!,*
#  !! * ! !'
‘ne particular item we need to discuss is the different requirements (documents, information
etc.) we need to provide when applying for a business name. The list of requirements for a
business name application is different for a single proprietorship (i.e. a business that has only
one owner running it) and a corporation/partnership. Here͛s what we need to register a
business name for different types of businesses.
Let͛s start with the most basic form of business, a sole proprietorship and its requirements for
an application for a business name. The applicant for a business name should be at least 18
years old. The applicant for a business name of a sole proprietorship must be a Filipino citizen.
Dou will also be required to submit two ID pictures (size two inches by two inches, or your
regular ID photo size). The photo should have been taken within one year of applying for the
business name. Dou should place your signature at the back of each photo.
If the Filipino citizen͛s name seems to be of foreign nationality he is to submit proof of his
citizenship. |equirements to provide proof are documents like a birth certificate, P|C ID, and a
voter͛s ID. If the applicant for a business name is a naturalized citizen he must submit a
Naturalization certificate and ‘ath of allegiance, an affidavit of election, or an ID card issued by
the Integrated „ar of the Philippines or Professional |egulatory Commission.
Lastly, a business name applicant should pay a fee of Php 315 for processing and documentary
stamp.
("! *! !! "'   #"
* !! #  
  !  ! !'/# 
!! '0  !!, ,1  '
!!  #  # ! (
!! ! *! !*! "'
0 ## #  #
   #)'' !! #2#( " 
%!  +'3   !! ! # ! 
!455  !'
!! # !!!# 
# !!  !! # '

You might also like