Professional Documents
Culture Documents
1. PRELIMINARY MATTERS:
a. Business Name
- TIP: Prepare 3-5 alternative company names in case your first choice is
unavailable (meaning, it already exists in SEC’s database or has been reserved
with the SEC by another company)
b. Articles of Incorporation
c. By-Laws
e. Official business email address for online registration purposes for government
requirements
f. Incorporators
- One Person Corporation; or
- At least two (2) but not more than fifteen (15) incorporators, each must own
or be a subscriber to at least one (1) share of the capital stock.
- Amount of stock subscriptions and payments
- Will there be foreign natural persons/corporate incorporators?
- Will there be incorporators who are non-resident natural persons?
g. Shareholders
- Are there foreign shareholders?
h. Board of Directors
- Number: not be more than fifteen (15), as stated in the by-laws
- Term: not more than three (3) years
- percentage control of the number of seats occupied by foreigners in the
Board of Directors shall not exceed 40%
i. Corporate Officers
- Election of corporate officers should be after election of Board of Directors
- President, who must be a director
- Treasurer, who must be a resident
- Corporate Secretary, who must be a citizen and resident of the Philippines
- Other officers as may be provided in the by-laws:
o Chairman of the Board of Directors
o Vice President
o Compliance Officer, if the corporation is vested with public interest, the board
shall also elect a compliance officer
- The same person may hold two (2) or more positions concurrently, except no
one shall act as president and secretary or as president and treasurer at the
same time.
1. Login
- Create an account using existing email address and use it to access and
login.
3. Verify Name
- Select the company and industry type to verify the proposed company
name.
Reminders:
1. Start step 4 AFTER completing Step 3 within four (4) calendar days otherwise the
reserved name will expire.
2. Steps 4 and 5 should be accomplished within 30 calendar days otherwise all data
encoded will be purged by the system.
3. Verified company name will again be available for use after 30 calendar days.
a. Barangay Clearance
- from the Barangay Hall
- Fill up application form and pay fee, if any
- Certificate of Business Registration from SEC
- Two (2) valid IDs
- Proof of Address such as Contract of Lease (if rented) or Certificate of Land
Title (if owned)
b. Business/Mayor’s Permit
- from the Mayor’s Office or Business Permit and Licensing Office (BPLO) of
the Municipal/City Hall
- Fill up application form and pay fee, if any
- Certificate of Business Registration from SEC
- Barangay Clearance Certificate
- Two (2) valid IDs
- Proof of Address such as Contract of Lease (if rented) or Certificate of Land
Title (if owned)
*Process for securing the foregoing permits would depend on the Citizen’s
Charter of the LGU
- Fill up and pay BIR Form No. 0605 for payment of Annual Registration Fee:
https://www.bir.gov.ph/images/bir_files/old_files/pdf/1210605.pdf
- Fill up and pay BIR Form No. 2000 for payment of Documentary Stamp Tax (DST)
for: (1) subscription of shares for domestic corporations; (2) payment of lease for
all types of company formation (this requires a notarized copy of the lease
contract of your office address)
https://www.bir.gov.ph/images/bir_files/
taxpayers_service_programs_and_monitoring_1/2000-OT%20January
%202018%20ENCS%20v3.pdf ; or
https://www.bir.gov.ph/images/bir_files/old_files/pdf/13602000.pdf
- *Register in SSS’ online portal for future filings and other electronic
services, Employer’s Report, loans, contributions, etc.: My.SSS account
https://employer.sss.gov.ph/employer/
- New employers are hereby directed to register through DTI via the
Philippine Business Registry System (PBRS) or through SEC via the
Integrated Business Registration System (IBRS).
*CENTRAL BUSINESS PORTAL – Option for one stop shop for business registration
- Available government agencies are: SEC, BIR, SSS, PhilHealth, PAG-IBIG
- https://business.gov.ph/how-to-apply
https://ciap.dti.gov.ph/sites/default/files/New%20Regular%20Contractor%27s
%20%20License%20%28CORP_PARTN%29_11192018.doc
- Online registration:
https://pcabgovph.com/?
fbclid=IwAR3Tn3VjQav5K0VVZG_3CgKdAjcdCyMIVrQp3LfynqgSq12TgVmZ08aQ6x
s
- Process:
https://www.youtube.com/watch?v=j_GqtyKHcPc
https://ciap.dti.gov.ph/sites/default/files/publications/PCAB%20Online
%20Renewal.pdf