COST OF DOING BUSINESS IN ZAMBOANGA CITY

Standardized Company
Legal Form Corporation
Location Covered Zamboanga City

No. Procedure Associated Cost

Verify and reserve the company name with the Securities
PHP 40
1 and Exchange Commission (SEC)

Notarize articles of incorporation and treasurer's affidavit at

2 PHP 500
the notary

PHP 2,695 (PHP 1,667.99 filing

Register the company with the SEC.
fee equivalent to 1/5 of 1% of
the authorized capital stock or
the subscription price of the
subscribed capital stock,
whichever is higher but not less
than PHP 1,000 + PHP 16.68
legal research fee (LRF)
3
equivalent to 1% of filing fee
but not less than PHP 10 + PHP
500 By-laws + PHP 150 for
registration of stock and transfer
book (STB) required for new
corporations + PHP 320 STB +
PHP 10 registration for SEC
bulletin + PHP 30 handling fee)
After issuance of the SEC certificate of incorporation, pay
4 the annual community tax and obtain the community tax PHP 500
certificate (CTC) from the City Treasurer's Office (CTO)
PHP 50 (between PHP 20 –
5 Obtain barangay clearance
PHP 100)
PHP 3,552 (PHP 417 business
Obtain business permit to operate from the BPLD (Business
tax (1/20 of 1% paid up capital)
Permit and Licensing Department) + PHP 50 mayor’s permit fee +
PHP 300 garbage fee + PHP
2,000 locational clearance +
6 PHP 50 health certificate fee +
PHP 100 sanitary inspection fee
+ PHP 50 police clearance +
PHP 300 business plate and
sticker + PHP 285 FSIC (10% of
all regulatory fees))
7 PHP 400
Buy special books of account at bookstore
 Apply for Certificate of Registration (COR) and Taxpayer
PHP 115 (PHP 100 certification
Identification Number (TIN) at the Bureau of Internal
8 fee + PHP 15 documentary
Revenue (BIR) stamp tax)

PHP 4,670 (PHP 500

Pay the registration fee and documentary stamp taxes
registration fee + PHP 4,169.97
(DST) at the AAB DST on original issuance of
9 shares of stock. DST on the
lease contract is not included in
the computation of the cost)

Print receipts and invoices at the print shops PHP 1,600

10

TOTAL ASSOCIATED COST: PHP 14,122

Standardized Warehouse

Estimated Value of Warehouse PHP 19,500,024