Professional Documents
Culture Documents
1. Secure Business Name with the Securities and Exchange Commission (SEC)
The first step is to register your preferred corporate name with the SEC while our lawyers work
on the company’s articles of incorporation and by-laws. Once the AOI and By-laws are
drafted, you may open the TITF account with your preferred bank.
Companies applying for incorporation must open a TITF account with its preferred bank. The
TITF account will serve as the temporary depository account of the required paid-up capital of
the corporation. The basic requirements for the opening of a TITF account include the
proposed articles of incorporation and by-laws, account opening forms with the specimen
signature card to be accomplished by the treasurer-in-trust, valid identification cards of the
treasurer-in-trust, and the minimum deposit required by the bank which ranges from
P10,000.00 to P50,000.00 depending on bank. The bank will issue a certificate of deposit
which is among the documentary requirements to be submitted to the SEC.
Once a bank certificate of deposit is issued, and provided the following documentary
requirements are complete, the application for registration may be submitted to the SEC:
Name Reservation and Payment Form
Notarized Articles of Incorporation and By-laws
Treasurer’s Affidavit
Bank Certificate of Deposit or Proof of Inward Remittance
Duly accomplished SEC Form F-100 (for corporations with more than 40% foreign
equity)
SEC registration takes 10 to 15 working days upon submission of complete documentary
requirements, provided there are no holidays during this time period.
After SEC registration, a company must obtain a taxpayer identification number (TIN), register
its books of accounts, and apply for authority to print official receipts from the Bureau of
Internal Revenue (BIR), the national taxing authority in the Philippines.
All companies must be registered with the SSS and must secure an employer number which
will be used as reference for the remittance of monthly contributions. To register with the SSS,
the following documents have to be submitted:
Employer Registration Form (R-1)
Employment Report Form (R-1A)
SEC Registration, Articles of Incorporation, and By-laws
Pag-IBIG Fund is also known as the Home Development Mutual Fund (HDMF), a housing
loan which is mandatory for all employees covered by the Social Security System (SSS). The
Pag-IBIG Fund also provides other types of loans for qualified individuals.
Barangay Clearance
This clearance is obtained from the Barangay where the business/company is located. The fees depend on the
company’s paid-up capital plus an additional amount for taxes, fees, and other charges which may vary for each
barangay. The basic document required is the notarized lease contract between the company and the lessor of
its registered office.
Locational Clearance