News

Seven Basic Steps on How to Register Your Company in the Philippine Market

2020-02-21 17:00:33 | lucky365 Consulting

The next step after finally deciding to enter the Philippine market is to register your company, and this article will help you with the step-by-step procedure on how to do that.

1.            Register your company name with the Securities and Exchange Commission (SEC).

·    Check if your proposed company name is available through SEC’s website or SEC’s offices.

·    Register your proposed company name through SEC’s website or SEC’s offices.

 

 

2.            Prepare the documents needed by the SEC.

·    Articles of Incorporation and By-Laws          

·    Treasurer’s Affidavit

 

 

3.            Submit notarized documents to one of the SEC's offices.

 

 

4.            Claim your SEC Certificate of Registration.

 

Note: The processing time of your SEC Certificate of Registration will take at least a week upon submission of all the documents needed.

 

 

5.            Secure business permits from Local Government Units (LGUs).

·    Get a Barangay clearance

·    Get a Mayor’s Permit

·    Get a Business Permit to the Business Permit and Licensing Office (BPLO)

Note: The processing time of your business permits will take at least one to seven days upon submission of all the documents needed.

 

6.            Secure documents from the Bureau of Internal Revenue (BIR).

·    BIR Certificate of Registration

·    Certificate of Registration Books of Accounts

·    Cash Register Machine (CRM), Point of Sale Machine (POS), or Social Security System (SSS)

·    Philippine Health Insurance Corporation (PhilHealth)

·    Home Development Mutual Fund (Pag-IBIG Fund)

 

Registering a business in the Philippine market takes a lot of work and that is the main reason why we exist. lucky365 Consulting is the best business solutions provider in establishing and growing your business. We offer Business Consulting, Business Setup, VISA & Immigration, Legal Advisory, Accounting Outsourcing, HR Outsourcing, and more. Partner with us and see your business succeed!

Visit http:/businessasiaconsulting.com to know more about us!