Are you planning to successfully begin a business organization within the Philippines? In case your answer is yes, the first thing you have to know is how you can register your company. Registration in Philippines has got several levels, which may become complicated. It is very important, nonetheless, to save your business from any sort of legal concern that might bring in undesired effects. Rivaling organizations may see if your organization has the essential registration papers. If they discover flaw about the authenticity of your respective firm, they might advise the government bodies instantly. This will likely cause brief or permanent termination to your business operation.
To begin the method, you will need to know the government departments plus organizations you have to address. Here’s a guideline that will help you experience an easy and stress-free company registration in Philippines.
1. Get yourself a certificate of registration for your own firm name. Your organization construct determines where you’ll get a registration certificate. If your company is a single proprietorship, visit the Department of Trade and Industry (DTI). Regarding partnership or corporation, you’ll have to head to the Securities and Exchange Commission (SEC). The Cooperative Development Authority (CDA) would be the agency if you’re putting together cooperative.
2. Obtain a barangay clearance. You can get such through the Barangay Hall where your company is stationed. If you will be working inside of a subdivision or maybe village, ask for a clearance from your homeowners’ association office.
3. Process your business permit. Give your barangay as well as homeowners permits to the Municipality or City Hall to successfully process your business permit.
4. Go to the Bureau of Internal Revenue (BIR). Get a Taxpayer Identification Number (TIN). This is in addition the place where you register for accounting books, point-of-sales (POS) equipment together with statements.
After completing your company registration in Philippines, you’ll be able to legally commence your operations. The next step is to register you together with your employees with the following government departments:
5. Proceed to the Social Security System (SSS) company office and then obtain SSS numbers of the company as well as your staff. Having five or more employees requires you to register with the Department of Labor and Employment (DOLE). An SSS member with the regular monthly earnings having a minimum of Php 4,000 must register to the Home Development Mutual Fund (HDMF), which administers the Pag-Ibig Fund.
6. Register your employees in the Philippine Health Insurance Corp. (PhilHealth). This specific agency deals with the public health care system of the country.
Company registration within Philippines is not complicated in any way. All you need to do is follow these steps in order to avoid puzzlement. You need to understand that every one of these types processes are very important to make your business legitimate; if not, you will have issues in the end.
Don’t hesitate to get aid from these agencies if you’ve found yourself suddenly lost as you go along. They will be more than happy to assist you. If you need additional plus effective assistance with your company registration, you can also hire the services of companies which offer business consulting. Philippines is an excellent location for business so register your company right now.
The author is an an entrepreneur doing research on Philippine business registration and is also looking into visa Philippines.
