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The World Bank Group

The World Bank


INTERNATI NA! "INAN#E # RP RATI N INTERNATI NA! ,AN- " R RE# NSTR.#TI N AN) )E/E! P0ENT INTERNATI NA! )E/E! P0ENT ASS #IATI N

1818 H Street N.W. W$%h&n'ton( ).#. 20433 ..S.A.

Phone: (202) 473-6291 "$*: 202 473 +7+8 E-1$&2: 3o1r$n45or236$n7.or'

2007 Questionnaire on Starting a Business Doing Business in the Philippines Dear Contributor,
Thank you for your cooperation with the Doing Business in the Philippines project. On behalf of the World Bank and IFC, it is a pleasure to introduce you to our sub national study on business start-up re ulation. The sur!ey will solicit your !iews and the !iews of other e"perts in the field of business startup in the #hilippines on aspects of re ulatory re$uire%ents to open a do%estically-owned li%ited liability co%pany. We belie!e that your e"perience and knowled e in this area can pro!ide us with an accurate and objecti!e picture of the practice of co%pany incorporation in your city. #lease answer the two part sur!ey on the followin pa es. The first section asks you to re!iew the su%%ary of procedures to start a business in &anila City and asks you to co%pare it with your city. #lease indicate whether each specific procedure is re$uired in your city and the ti%e and cost that it entails. The second section asks you to describe any ad%inistrati!e or le al chan es that ha!e taken place in recent years which affected the procedures, ti%e and cost to start up a li%ited liability co%pany. #lease address any $uestions re ardin this sur!ey to 'yl!ia 'olf, tel. ( )*) +,- ,+,), fa" ( )*) +./ ,.,-, e-%ail0 ssolf1worldbank.or or 2driana 3icentini, tel. ( )*) +./ *-+,, e-%ail0 a!icentini1worldbank.or . If you ha!e any $uestions, do not hesitate to contact us. On e o!pleted, please return the "uestionnaire #ithin $ business da%s, to &S' ()(C* &' +)(D,C-O at the )sian ,nstitute o. &anage!ent /),&0, 1ugenio +ope2 3oundation Bldg', 4oseph 5' & &i king Ca!pus, 627 Paseo de 5o8as, &arikina Cit% 6290, Philippines' Tel: ;972 <=2 >066 e8t' 206<, 3a8: ;972 7$6 =6<2 to <7, or 1?!ail: nlandi ho@ai!'edu' Thank you a ain for your in!aluable contribution to the World Bank4s work. 'incerely,

'yl!ia 'olf ssolf1worldbank.or


tel. ( )*) +,- ,+,)

2driana 3icentini a!icentini1worldbank.or


tel. ( )*) +./ *-+,

The World Bank Group

CO(T5,BATO5BS G1(15)+ ,(3O5&)T,O(


Title /&r', &s', et '0 (a!e Position 3ir! &ailing )ddress Phone 3a8 1?&ail Website 5&r.6 52polonio6 7first8 i!en9 5'antos6 7last8fa%ily9 5:ead, Business #er%its and ;icensin Office6 5&arikina City :all6 56 7street and nu%ber9 5&arikina6 7city9 5#hilippines6 7country9 56 7<ip8postal code9 5=>/) >+> )/,+6 5=>/) >+> (>)>6 5www.bplo.%arikinacity1yahoo.co%6 5www.%arikina. o!.ph6

Would %ou like this in.or!ation publishedCD *es (o

D(ote: Please list all respondents #ho parti ipated in o!pleting this surEe%' Anless %ou indi ate other#ise, #e #ill list %ou and %our .ir! as a Doing Business ontributor in our report and on our #ebsite' The in.or!ation published #ill be li!ited to %our na!e, %our .ir!Bs na!e and /i. appli able0 %our .ir!Bs #ebsite'

1(A&15)TO5BS ,(3O5&)T,O(
(a!e Phone 1?&ail 5&s. ?ancy &. ;andicho6 5=>/) -@) +*(( local )*(-6 5nlandicho1ai%.edu6

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Doing Business in Philippines

The World Bank Group

When o!pleting the surEe%, please pa% attention to the .ollo#ing assu!ptions' The business: Is a do%estic li%ited liability co%pany 7sto k orporation9. Operates in &arikina City :as , owners, none of who% is a le al entity. :as a start-up capital of (* ti%es inco%e per capita, paid in cash0 ASD 6>,200 or P-P 72<,997'6 #erfor%s eneral industrial or co%%ercial acti!ities, such as the production or sale of products or ser!ices to the public. It does not perfor% acti!ities of forei n trade and does not handle products subject to a special ta" re i%e, for e"a%ple, li$uor or tobacco. The business is not usin hea!ily pollutin production processes. ;eases the co%%ercial plant and offices and is not a proprietor of real estate. Boes not $ualify for in!est%ent incenti!es or any special benefits. :as up to ,* e%ployees ( %onth after the co%%ence%ent of operations, all of the% nationals. :as a turno!er of at least (** ti%es inco%e per capita0 ASD 6>2,000 or P-P 7,2<9,976'0 :as a co%pany deed (* pa es lon .

2 pro edure is defined as any interaction of the co%pany founder with e"ternal parties 7for e"a%ple, o!ern%ent a encies, lawyers, auditors, or notaries9. Interactions between co%pany founders or co%pany officers and e%ployees are not considered separate procedures. Both pre- and post-incorporation procedures that are officially re$uired for an entrepreneur to le ally operate a business are recorded. Costs only include official fees and ta"es. Bribes are e"cluded. If possible, the rele!ant fee schedule or calculation for%ula should be indicated 7for e"a%ple, as a percenta e of the co%pany4s capital9. #rofessional fees 7notaries, lawyers or accountants9 are only included if the co%pany is re$uired to use such ser!ices. Ti!e is recorded in calendar days and captures the %edian duration of each procedure. The ti%e span for each procedure starts with the first filin of the application or de%and, and ends once the co%pany has recei!ed the final docu%ent, such as the co%pany re istration certificate or ta" nu%ber 7that is, it includes, for e"a%ple, the ti%e to %ake an appoint%ent with the notary or any waitin ti%e once the docu%ents are filed9. It is assu%ed that the entrepreneur has had no prior contact with any of the officials9.

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Doing Business in Philippines

The World Bank Group

,' Business 1ntr% Pro edures in &arikina Cit%


#lease use this list of the re ulatory re$uire%ents and %andatory procedures to incorporate a li%ited liability co%pany in &anila Cit% as a basis for identifyin the procedures re$uired in your city. 'o%e procedures %ay be si%ilar but ha!e a differin ti%e, cost and a ency associated with the%. #lease indicate these differences in the space pro!ided. 'o%e procedures %ay not be re$uired for your city. #lease indicate these procedures and pro!ide an e"planation for the difference. ?ote that there are ) additional $uestions related to these procedures at the end of the list. Pro edure 6' Obtain bank erti.i ate o. deposit o. the paid?in apital Ti%e0 Cost0 Co%%ent0 ( day ?o char e Fees !ary fro% bank to bank. 'o%e banks in &anila do not char e any fee, so%e banks char e up to #:# (*, for each certificate. Des ?o Des ?o

Is this procedure re$uired in &arikina CityC

If Des, are the ti%e and cost noted here the sa%e in &arikina CityC

If ?o, what is your esti%ate of the a!era e Ti%e to co%plete 5 6 and Cost to co%plete 56 in &arikina CityC If this procedure is ?OT re$uired in &arikina City, please describe the procedure that you would place here0 56 #lease esti%ate0 Ti%e to co%plete0 56 Cost to co%plete0 56 Feel free to use this space to %ake any additional co%%ents about this procedure in &arikina City0 5Enu%eratorFs Co%%ent0 The respondent has no idea on the ti%e and cost since this procedure is under a pri!ate co%pany.6 Pro edure 2' Obtain Co!!unit% Ta8 Certi.i ate /CTC0 Ti%e0 Cost0 Co%%ent0 ( day #:# ,*** The CTC of the juridical entity is a prere$uisite to obtain the Baran ay Clearance. The basic Co%%unity Ta" depends on whether juridical entity is a corporation, partnership or association 7#:# ,** or lower9G 2dditional Co%%unity Ta" 7which shall not e"ceed #:# (*,***9 depends on the assessed !alue of real property owned in the #hilippines by the co%pany 7#:# ) for e!ery #:# ,,***9 and ross receipts includin di!idends8earnin s deri!ed fro% business in the #hilippines durin the precedin year 7#:# @ for e!ery #:# ,,***9. The applicant only needs to supply its na%e and other personal circu%stances in securin the CTC. Des ?o Des ?o

Is this procedure re$uired in &arikina CityC

If Des, are the ti%e and cost noted here the sa%e in &arikina CityC

If ?o, what is your esti%ate of the a!era e Ti%e to co%plete 5 6 and Cost to co%plete 56 in &arikina CityC

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Doing Business in Philippines

The World Bank Group

If this procedure is ?OT re$uired in &arikina City, please describe the procedure that you would place here0 56 #lease esti%ate0 Ti%e to co%plete0 56 Cost to co%plete0 56 Feel free to use this space to %ake any additional co%%ents about this procedure in &arikina City0 5&arikina City can eli%inate this re$uire%ent for a newly-started business but not on renewal.6 Pro edure 7' Feri.% the aEailabilit% o. the o!pan% na!e #ith the Se urities and 18 hange Co!!ission /S1C0 Ti%e0 Cost0 Co%%ent0 ( day #:# +* Corporate na%e !erification can be done on-line. 3erification is free but reser!ation of the na%e, once appro!ed by the 'EC, costs #:# +*. Des ?o Des ?o

Is this procedure re$uired in &arikina CityC

If Des, are the ti%e and cost noted here the sa%e in &arikina CityC

If ?o, what is your esti%ate of the a!era e Ti%e to co%plete 5 6 and Cost to co%plete 56 in &arikina CityC If this procedure is ?OT re$uired in &arikina City, please describe the procedure that you would place here0 56 #lease esti%ate0 Ti%e to co%plete0 56 Cost to co%plete0 56 Feel free to use this space to %ake any additional co%%ents about this procedure in &arikina City0 5Enu%eratorFs Co%%ent0 The respondent has no idea on the ti%e and cost since this procedure is under a ?ational Ho!ern%ent 2 ency.6 Pro edure >' 5egister in orporation #ith the S1C Ti%e0 Cost0 / days #:# +* reser!ation fee of co%pany na%e 7/* days9 = filin fee for articles of incorporation0 (8, of (I of the authori<ed capital stock, no less than #:# (,***, plus ;e al Jesearch fee of (I of filin fee, no less than #:# (* = #:# )(* bylaws fee = #:# (,* - stock and transfer book re istration fee = #:# ., - %e%bership book re istration fee Je$uired re istration docu%ents0 corporate na%e !erification slip, articles of incorporation and bylaws, treasurerFs affida!it, state%ent of assets and liabilities, bank certificate of deposit, authority to !erify bank account, ta" account nu%ber of incorporators, re istration data sheet definin personal infor%ation re ardin directors, officers, stockholders etc, and written undertakin to co%ply with the reportin re$uire%ents of the 'EC. The 'EC pro!ides online re istration throu h 'EC-iJe ister, the web-based Co%pany Je istration 'yste% and the possibility to reser!e a co%pany na%e. For%s for re istration %ay be downloaded fro% the 'EC website. One can search and research co%pany na%e and re ister the co%pany with the 'EC on-line but pay%ent %ust be %ade at the 'EC itself. 'a%e day pay%ent is not possible. 2t this point the co%pany obtains Te%porary Identification ?u%ber 7TI?G in the past the co%pany had to obtain it fro% Je!enue Bistrict Office. To obtain the TI? the co%pany needs to ha!e KBaran ayK clearance, %ayorFs per%it, and a copy of 'EC re istration certificate 7issued by the 'EC as part of this sa%e procedure9. Other docu%ents %ay be re$uired, e. . ho%eowner4s clearance, contract of

Co%%ent0

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Doing Business in Philippines

The World Bank Group

lease. Is this procedure re$uired in &arikina CityC Des ?o Des ?o

If Des, are the ti%e and cost noted here the sa%e in &arikina CityC

If ?o, what is your esti%ate of the a!era e Ti%e to co%plete 5 6 and Cost to co%plete 56 in &arikina CityC If this procedure is ?OT re$uired in &arikina City, please describe the procedure that you would place here0 56 #lease esti%ate0 Ti%e to co%plete0 56 Cost to co%plete0 56 Feel free to use this space to %ake any additional co%%ents about this procedure in &arikina City0 5Enu%eratorFs Co%%ent0 The respondent has no idea on the ti%e and cost since this procedure is under a ?ational Ho!ern%ent 2 ency.6 Pro edure $' )ppl% .or a Baranga% /distri t0 learan e Ti%e0 Cost0 Co%%ent0 ) days #:# -** ?o city or %unicipality %ay issue any license or per%it for any business or acti!ity unless a clearance is first obtained fro% the baran ay where such business or acti!ity is located or conducted. 'o%e baran ays collect a fee for the issuance of a baran ay clearance. The fee is based on the area 7si<e in s$. %eters9 of the place of business and the location of the place of business. The fee char ed by the baran ay depends on the paid-up capital of the corporation and the land area it occupiesL#:# ,** %ini%u% plus #:# /** for the baran ay clearance plate. Des ?o Des ?o

Is this procedure re$uired in &arikina CityC Ti%e A ?o Cost A Des

If Des, are the ti%e and cost noted here the sa%e in &arikina CityC

If ?o, what is your esti%ate of the a!era e Ti%e to co%plete 5(6 and Cost to co%plete 56 in &arikina CityC If this procedure is ?OT re$uired in &arikina City, please describe the procedure that you would place here0 56 #lease esti%ate0 Ti%e to co%plete0 56 Cost to co%plete0 56 Feel free to use this space to %ake any additional co%%ents about this procedure in &arikina City0 52s per re!enue code, &arikina City :all can issue the business per%it without the Baran ay Clearance after se!en 7.9 days of denial fro% the Baran ay. The baran ays in &arikina City do not issue a business plate. 6 Pro edure 9' Obtain !a%orGs per!itH!uni ipal li ense to operate at the +i ensing Se tion o. the &a%orGs O..i e Ti%e0 Cost0 (( days The fees !ary dependin on the local o!ern%ent unit 7city8%unicipality9 issuin the %ayorFs per%it 7#:# /**, sanitary per%it fee = *.)I of capital for license fee = #:# )***, ->A Doing Business in Philippines

The World Bank Group

Co%%ent0

per%it fee for businesses en a ed in retail = #:# (,,** arba e collection fee = #:# />*, occupational ta" = #:# .*,, occupational police clearance8health clearance = #:# .,*, plu%bin inspection fee = #:# (**, electrical inspection fee = #:# (** buildin per%it fee = #:# (** si n board per%it fee9 Je$uired docu%ents0 acco%plished application for business per%its and licenses in duplicate copies with sketch of location of buildin at the backG certification issued by the corporate secretary to the effect that the co%pany has been duly authori<ed to en a ed in the businessG a%ount of paid-up capitalG certificate of re istrationG receipts of pay%ent of due feesG lease contractG Baran ay Clearance8#er%itG co%prehensi!e eneral liability insurance 7which is usually based on the area si<e of the office space9, co%%unity ta" certificate 7which is usually based on the paid-up capital9. Des ?o Des ?o

Is this procedure re$uired in &arikina CityC

If Des, are the ti%e and cost noted here the sa%e in &arikina CityC

If ?o, what is your esti%ate of the a!era e Ti%e to co%plete I7J and Cost to co%plete 5P-P<,977'00 7&anufacturin 9 or P-P7,9$7'00 7Tradin 96 in &arikina CityC If this procedure is ?OT re$uired in &arikina City, please describe the procedure that you would place here0 56 #lease esti%ate0 Ti%e to co%plete0 56 Cost to co%plete0 56 Feel free to use this space to %ake any additional co%%ents about this procedure in &arikina City0 5e"uired Do u!ents' Baran ay ClearanceG #hotos of Establish%ent 7showin si nboard and sidewalk9G and 'EC Je istration for Corporation. Step?B%?Step Pro edure /.or o!putation o. T,&10:
(.

Mnow the re$uire%ents and download the application for% for new business at http088city.%arikina. o!.ph8. The application for% does not ha!e to be notari<ed.

). 'ub%it all the re$uired supportin docu%ents at the Business #er%its and ;icensin Office 7B#;O9 for the assess%ent and appro!al of the application. A ( day /. The business establish%ent will be inspected. A ( day +. When e!erythin is in order, final assess%ent will be prepared and to be paid to the Treasury Office teller i%%ediately. A ( day ,. The business per%it8license and business plates will be deli!ered to the place of business. 1sti!ated Pro essing Ti!e0 In actuality, with co%plete re$uire%ents, it would only take the entrepreneur / to + hours 7processin at B#;O only, e"cludin other offices9 to et the &ayor4s #er%it fro% &arikina City. Cost Co!putation' Based on the assu%ption, this type of business can be cate ori<ed either in &anufacturin or Tradin in &arikina City. Thus, there are two kinds of co%putation attached herein.

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Doing Business in Philippines

The World Bank Group

3ees (. ). /. +. Fee TOT2; Business Ta" #er%it Fee Harba e Char es 'i nboard

&anu.a turing (,-)).** />*.** >,+-*.** (,.** -,>...**

Trading (,-)).** />*.** ,,+>*.** (,.** .,>,..** Des

2re there additional clearances re$uired in &arikina City to obtain the %unicipal licenseC ?o If Des, please list the% here0 (. 56 Ti%e to co%plete 56 and cost to co%plete 56 ). 56 Ti%e to co%plete 56 and cost to co%plete 56 /. 56 Ti%e to co%plete 56 and cost to co%plete 56 +. 56 Ti%e to co%plete 56 and cost to co%plete 56 Feel free to use this space for any co%%ents related to clearances0 56 Pro edure 7' 5e eiEe inspe tion .ro! the &a%orGs O..i e Ti%e0 Cost0 Co%%ent0

, days 7included in pre!ious procedure9 ?o char e The &ayor4s Office conducts an inspection to !erify that the business will conduct the acti!ity it has stated in the application. There is no need to set an appoint%ent for this inspection and the cost of it is no%inalG the inspection enerally occurs in the first , days after the application for the per%it has been sub%itted. Des ?o Des ?o

Is this procedure re$uired in &arikina CityC Ti%e A ?o Cost A Des

If Des, are the ti%e and cost noted here the sa%e in &arikina CityC

If ?o, what is your esti%ate of the a!era e Ti%e to co%plete 5( 7included in pre!ious procedure96 and Cost to co%plete 56 in &arikina CityC If this procedure is ?OT re$uired in &arikina City, please describe the procedure that you would place here0 56 #lease esti%ate0 Ti%e to co%plete0 56 Cost to co%plete0 56

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Doing Business in Philippines

The World Bank Group

Feel free to use this space to %ake any additional co%%ents about this procedure in &arikina City0 5The business establish%ent will be inspected the ne"t day after sub%ission of co%pleted application re$uire%ents. The B#;O of &arikina City conducts the inspection.6

Pro edure <' Bu% spe ial books o. a ount at bookstore Ti%e0 Cost0 Co%%ent0 ( day #:# +** 'pecial books of account are re$uired for the purpose of re isterin 32T. The books of account are sold at bookstores nationwide. One set of journals consistin of four books, na%ely, the cash receipts account, disburse%ents account, led er and the eneral journal, %ay cost about #:# +**. Des ?o Des ?o

Is this procedure re$uired in &arikina CityC

If Des, are the ti%e and cost noted here the sa%e in &arikina CityC

If ?o, what is your esti%ate of the a!era e Ti%e to co%plete 5 6 and Cost to co%plete 56 in &arikina CityC If this procedure is ?OT re$uired in &arikina City, please describe the procedure that you would place here0 56 #lease esti%ate0 Ti%e to co%plete0 56 Cost to co%plete0 56 Feel free to use this space to %ake any additional co%%ents about this procedure in &arikina City0 5Enu%eratorFs Co%%ent0 The respondent has no idea on the ti%e and cost since this procedure is under a pri!ate co%pany.6 Pro edure =' Se ure a ta8 identi.i ation nu!berK 5egister .or F)T at the Bureau o. ,nternal 5eEenue /B,50 Ti%e0 Cost0 Co%%ent0 ) days #:# ,** 7re istration fee9 = #:# (, 7certification fee9 and #:# (, 7docu%entary sta%p ta", in loose for% to be attached to For% )/*/9 2fter the ta"payer obtains the TI?, the co%pany is re$uired to pay the annual re istration fee of #:# ,** at any duly accredited bank by usin the pay%ent for% 7BIJ For% *>*,9. In #hilippines, there is a co%%unity ta", a local ta", 32T, and inco%e ta". When a co%pany re isters as a ta"payer, it %ust indicate in the application for re istration the types of ta"es it e"pects to be liable for, includin 32T. The 2uthority to #rint Jeceipt8In!oices %ust be secured by the printer before the sales in!oices8receipts %ay be printed. #hilippine law does not re$uire a co%pany to ha!e its official in!oice for%s printed at desi nated print shops. If a co%pany has secured an 2uthority to #rint Jeceipts and In!oices, it can ask any authori<ed printin co%pany to print its official in!oice for%s. :owe!er, if a co%pany wants to print its own in!oice for%s 7i.e., it uses its co%puters to print loose-leaf in!oice for%s9, the co%pany %ust obtain a special per%it fro% the BIJ for this purpose. Des ?o Des ?o

Is this procedure re$uired in &arikina CityC

If Des, are the ti%e and cost noted here the sa%e in &arikina CityC

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Doing Business in Philippines

The World Bank Group

If ?o, what is your esti%ate of the a!era e Ti%e to co%plete 5 6 and Cost to co%plete 56 in &arikina CityC If this procedure is ?OT re$uired in &arikina City, please describe the procedure that you would place here0 56 #lease esti%ate0 Ti%e to co%plete0 56 Cost to co%plete0 56 Feel free to use this space to %ake any additional co%%ents about this procedure in &arikina City0 5Enu%eratorFs Co%%ent0 The respondent has no idea on the ti%e and cost since this procedure is under a ?ational Ho!ern%ent 2 ency.6 Pro edure 60' Pa%!ent o. Do u!entar% Sta!p Ta8es Ti%e0 Cost0 Co%%ent0 ( day ?o char e 'ection (.+ of the ?ational Internal Je!enue Code, as a%ended, re$uires the pay%ent of docu%entary sta%p ta"es on the ori inal issuance of shares of stock at the rate of #:# ) on each #:# )** or a fractional part thereof, of the par !alue of such shares of stock, within , days after the close of the %onth when the re istration certificate is issued by the 'EC or the shares are issued by the corporation. Des ?o Des ?o

Is this procedure re$uired in &arikina CityC

If Des, are the ti%e and cost noted here the sa%e in &arikina CityC

If ?o, what is your esti%ate of the a!era e Ti%e to co%plete 5 6 and Cost to co%plete 56 in &arikina CityC If this procedure is ?OT re$uired in &arikina City, please describe the procedure that you would place here0 56 #lease esti%ate0 Ti%e to co%plete0 56 Cost to co%plete0 56 Feel free to use this space to %ake any additional co%%ents about this procedure in &arikina City0 5Enu%eratorFs Co%%ent0 The respondent has no idea on the ti%e and cost since this procedure is under a ?ational Ho!ern%ent 2 ency.6 Pro edure 66' Obtain the )uthorit% to Print 5e eiptH,nEoi es #ith the B,5 Ti%e0 Cost0 Co%%ent0 ( day Included in procedure @ The 2uthority to #rint Jeceipt8In!oices %ust be secured by the printer before the sales in!oices8receipts %ay be printed. #hilippine law does not re$uire a co%pany to ha!e its official in!oice for%s printed at desi nated print shops. If a co%pany has secured an 2uthority to #rint Jeceipts and In!oices, it can ask any authori<ed printin co%pany to print its official in!oice for%s. :owe!er, if a co%pany wants to print its own in!oice for%s 7i.e., it uses its co%puters to print loose-leaf in!oice for%s9, the co%pany %ust obtain a special per%it fro% the BIJ for this purpose. ?ew ta"payers %ust sub%it the followin to the Je!enue Bistrict Office or concerned office under the ;ar e Ta"payer 'er!ice ha!in jurisdiction o!er the ta"payerFs :ead Office0 7a9 Buly acco%plished BIJ For% (@*> - 2pplication for 2uthority to #rint Jeceipts and In!oices

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Doing Business in Philippines

The World Bank Group

b9 Nob order c9 Final and clear sa%ple of receipts and in!oices 7%achine printed9 d9 #hotocopy of the followin 0 2pplication for Je istration 7BIJ For% ?o. (@*( or (@*/98 TJO for% or photocopy of TI? card #roof of pay%ent of 2nnual Je istration Fee 7BIJ For% ?o. *>*,9 Is this procedure re$uired in &arikina CityC Des ?o Des ?o

If Des, are the ti%e and cost noted here the sa%e in &arikina CityC

If ?o, what is your esti%ate of the a!era e Ti%e to co%plete 5 6 and Cost to co%plete 56 in &arikina CityC If this procedure is ?OT re$uired in &arikina City, please describe the procedure that you would place here0 56 #lease esti%ate0 Ti%e to co%plete0 56 Cost to co%plete0 56 Feel free to use this space to %ake any additional co%%ents about this procedure in &arikina City0 5Enu%eratorFs Co%%ent0 The respondent has no idea on the ti%e and cost since this procedure is under a ?ational Ho!ern%ent 2 ency.6 Pro edure 62' Print re eipts and inEoi es at the print shops Ti%e0 Cost0 Co%%ent0 (+ days #:# +,*** 7between #:# /,*** and #:# ,,***9 Des ?o Des ?o

Is this procedure re$uired in &arikina CityC

If Des, are the ti%e and cost noted here the sa%e in &arikina CityC

If ?o, what is your esti%ate of the a!era e Ti%e to co%plete 5 6 and Cost to co%plete 56 in &arikina CityC If this procedure is ?OT re$uired in &arikina City, please describe the procedure that you would place here0 56 #lease esti%ate0 Ti%e to co%plete0 56 Cost to co%plete0 56 Feel free to use this space to %ake any additional co%%ents about this procedure in &arikina City0 5Enu%eratorFs Co%%ent0 The respondent has no idea on the ti%e and cost since this procedure is under a pri!ate co%pany.6 Pro edure 67' Sub!it re eipts and inEoi es to the B,5 .or approEal, haEe re eiptsHinEoi es and books o. a ounts sta!ped b% B,5 Ti%e0 Cost0 Co%%ent0 ( day ?o char e In practice, the books of accounts are presented for sta%pin ri ht after the application is filed. Books can be obtained fro% BIJ. To re ister books of account and in!oices, present the followin docu%ents0 all the re$uired books of accounts, 32T re istration certificate, 'EC re istration certificate and BIJ For% W-,. Des ?o

Is this procedure re$uired in &arikina CityC

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If Des, are the ti%e and cost noted here the sa%e in &arikina CityC

Des

?o

If ?o, what is your esti%ate of the a!era e Ti%e to co%plete 5 6 and Cost to co%plete 56 in &arikina CityC If this procedure is ?OT re$uired in &arikina City, please describe the procedure that you would place here0 5Enu%eratorFs Co%%ent0 The respondent has no idea on the ti%e and cost since this procedure is under a ?ational Ho!ern%ent 2 ency.6 #lease esti%ate0 Ti%e to co%plete0 56 Cost to co%plete0 56 Feel free to use this space to %ake any additional co%%ents about this procedure in &arikina City0 5Enu%eratorFs Co%%ent0 The respondent has no idea on the ti%e and cost since this procedure is under a ?ational Ho!ern%ent 2 ency.6 Pro edure 6>' 5egister #ith the So ial Se urit% S%ste! /SSS0 Ti%e0 Cost0 Co%%ent0 ( week ?o char e To enroll for %e%bership with the ''' the docu%entary re$uire%ents are the followin 0 (. ;ist of E%ployees, specifyin their birth dates, positions, %onthly salary and date of e%ploy%entG and ). 2rticles of Incorporation, By-;aws and Certificate of Je istration with the 'ecurities P E"chan e Co%%ission 7'EC9 or the Certificate of Je istration with the Bepart%ent of Trade and Industry 7BTI9. Opon sub%ission of the re$uisite docu%ents, the e%ployees shall under o a se%inar, which shall be scheduled within one 7(9 week. 2t the end of the se%inar, the Certificate of &e%bership shall then be released. Des ?o Des ?o

Is this procedure re$uired in &arikina CityC

If Des, are the ti%e and cost noted here the sa%e in &arikina CityC

If ?o, what is your esti%ate of the a!era e Ti%e to co%plete 5 6 and Cost to co%plete 56 in &arikina CityC If this procedure is ?OT re$uired in &arikina City, please describe the procedure that you would place here0 56 #lease esti%ate0 Ti%e to co%plete0 56 Cost to co%plete0 56 Feel free to use this space to %ake any additional co%%ents about this procedure in &arikina City0 5Enu%eratorFs Co%%ent0 The respondent has no idea on the ti%e and cost since this procedure is under a ?ational Ho!ern%ent 2 ency.6 Pro edure 6$' 5egister #ith the Philippines -ealth ,nsuran e Co!pan% /P-,C0 Ti%e0 Cost0 Co%%ent0 ( week ?o char e Opon enroll%ent with the ''', re istration with #:IC %ay be undertaken. ;ist of E%ployees shall likewise be sub%itted to the #:IC. Des ?o

Is this procedure re$uired in &arikina CityC

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Doing Business in Philippines

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If Des, are the ti%e and cost noted here the sa%e in &arikina CityC

Des

?o

If ?o, what is your esti%ate of the a!era e Ti%e to co%plete 5 6 and Cost to co%plete 56 in &arikina CityC If this procedure is ?OT re$uired in &arikina City, please describe the procedure that you would place here0 56 #lease esti%ate0 Ti%e to co%plete0 56 Cost to co%plete0 56 Feel free to use this space to %ake any additional co%%ents about this procedure in &arikina City0 5Enu%eratorFs Co%%ent0 The respondent has no idea on the ti%e and cost since this procedure is under a ?ational Ho!ern%ent 2 ency.6

If additional procedures are re$uired in &arikina City, please describe the%, in the spaces below. If you need additional space, please add a separate sheet0 Pro edure 69' Ti%e0 Cost0 Co%%ent0 1ngineering ,nspe tion /a.ter issuan e o. the &a%orBs Per!it0 5(6 5#:#@,*.**6 5This is conducted after the issuance of the &ayor4s #er%it. The inspection is undertaken anyti%e of the year but before the renewal of the business per%it. 2 billin state%ent will be i!en to the entrepreneur after the inspection.6 O upational Per!it /a.ter issuan e o. the &a%orBs Per!it0 5(6 5#:#/>*.**6 5This is conducted after the issuance of the &ayor4s #er%it. The inspection is undertaken anyti%e of the year but before the renewal of the business per%it. 2 billin state%ent will be i!en to the entrepreneur after the inspection.6 Poli e Clearan e /a.ter issuan e o. the &a%orBs Per!it0 5(6 5#:#.*,.**6 5This is conducted after the issuance of the &ayor4s #er%it. The inspection is undertaken anyti%e of the year but before the renewal of the business per%it. 2 billin state%ent will be i!en to the entrepreneur after the inspection.6 Sanitar% ,nspe tion /a.ter issuan e o. the &a%orBs Per!it0 5(6 5#:#>**.** 7&anufacturin 9 A #:#(**.** 7Tradin 96 5This is conducted after the issuance of the &ayor4s #er%it. The inspection is undertaken anyti%e of the year but before the renewal of the business per%it. 2 billin state%ent will be i!en to the entrepreneur after the inspection.6

Pro edure 67' Ti%e0 Cost0 Co%%ent0

Pro edure 6<' Ti%e0 Cost0 Co%%ent0

Pro edure 6=' Ti%e0 Cost0 Co%%ent0

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Pro edure 20' Ti%e0 Cost0 Co%%ent0

3ire ,nspe tion 3ee /a.ter issuan e o. the &a%orBs Per!it0 5(6 5#:#.+,.,* 7&anufacturin 9 A #:#,-..,* 7Tradin 96 5This is conducted after the issuance of the &ayor4s #er%it. The inspection is undertaken anyti%e of the year but before the renewal of the business per%it. 2 billin state%ent will be i!en to the entrepreneur after the inspection.6

#lease specify if any of the pre!ious procedures can be done in parallel, that is, there is no need to wait for one procedure to be co%pleted until the ne"t one can be started 7e. . #rocedures ), / and procedures -, @90 I(oneJ

,,' 5e.or!s
(. Between 2pril )**> and now, were any ad%inistrati!e or le al chan es i%ple%ented in &arikina City that affected the re$uire%ents and process to establish a do%estic li%ited liability co%panyC Des ?o

If your answer is Des, please describe these chan es in the table below 7please include the date of the chan e or refor%, %ajor characteristics, objecti!es, rele!ant re ulation, if applicable90 18a!ples .or re.or!s and si!pli.i ations
&ini%u% capital re$uire%ent chan ed. #rocedures were added or cut. Co%pany ;aw or Co%%ercial Code was re!ised. If yes please 56 describe ;e al refor% Co%pany re istration Je istry co%puteri<ed or re-or ani<ed. Je istration chan ed fro% judicial to ad%inistrati!e process. 'ubstanti!e re!iew of applications was eli%inated. ?ew sin le access point or one-stop shop 7e. . BO''9. Je istration can be co%pleted online. ?ew e"pedited ser!ice. ?ew statutory ti%e li%its. Q'ilence-is-consent4 rule was introduced 7authori<ation auto%atically appro!ed after certain ti%e li%it9. 56

*es (o

If yes please describe Bocu%entati Bocu%entation re$uire%ents were si%plified, reduced or on and standardi<ed. publication #ublication re$uire%ents 7in official a<ette or daily newspaper9 chan ed. If yes please 56 describe Ta" Ta" re istration was si%plified.

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'in le identification nu%ber 7for ta", statistical and other re istration purposes9 was introduced. If yes please 56 describe 'ocial Je$uire%ents were strea%lined or re istration si%plified. security or labor If yes please 56 describe Please e8plain ho# the aboEe re.or!s haEe i!pa ted the ti!e, osts and pro edures .or doing business in this it%' 2dditional 56 co%%ents re istration

). 2re you aware of any planned 7future9 chan es to the laws and re ulations on establishin a do%estic li%ited liability co%pany in &arikina CityC Des ?o

If your answer is Des, please briefly describe0 (9 the e"pected date of the refor%, )9 the oal of the refor%, and /9 its %ajor characteristics 7solutions it pro!ides to achie!e the oal90 5 6 /. In your opinion, is the process to open a business in &arikina City %ore or less efficient today co%pared with a year a oC 'a%e #lease describe the rationale for your selection 5&arikina City is always efficientR &arikina City was once cited by the 2sian Institute of &ana e%ent 72I&9 as the %ost si%ple and efficient in processin per%its 7Business World, )) Nuly )**+9. In October )**>, the Ci!il 'er!ice Co%%ission 7C'C9 awarded &arikina City the 'eal of Frontline 'er!ice E"cellence for e"hibitin the !alue of custo%er care and %eetin the e"pectations of the transactin public for pro%pt, courteous, responsi!e, facilitati!e and pleasant ser!ice.6 56 56

&ore efficient ;ess efficient

+. If you were to ad!ise the o!ern%ent on how to refor% business start-up, what would be your %ain su estion and whyC 5Con!enience to business%en that is0 procedure should be si%ple and easy, and docu%ents should be reduced to %ini%u% without sacrificin necessary and i%portant re ulations. This would be a way of attractin in!estors.6

Thank %ou .or o!pleting the surEe%L We appreciate your contribution to the Boin Business project. The results will appear in Doing Business and on our website http088www.doin business.or . Dour work will be ratefully acknowled ed in both.

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Doing Business in Philippines

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The Boin Business project co!ers (* topics of business re ulation fro% start-up to closin . #lease let us know whether you would like to contribute to any of the followin topic7s9 in addition to startin a business or whether you would like to reco%%end one of your collea ues or a local e"pert.

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Doing Business in Philippines