Professional Documents
Culture Documents
01 Verify and reserve the company name with the Securities 1 day PHP 40
approved by the SEC, costs PHP 40 for the first 30 days. The
period.
02 Deposit paid-up capital in the Authorized Agent Bank (AAB) 1 day No cost
the corporation. This paid-up capital must not be less than PHP
5,000.
deposit.
the notary
the SEC.
04 Register the company with the SEC and receive pre- 3 days PHP 2,665 (PHP
equivalent to 1/5 of 1% of
The company can register online through SEC i-Register but the authorized capital
must pay on site at the SEC. The following documents are stock or the subscription
e. Bank certificate of deposit of the paid-in capital; fee but not less than PHP
g. Registration data sheet with particulars on directors, officers, PHP 150 for registration
h. Written undertaking to comply with SEC reporting (STB) required for new
The SEC Head Office issues pre-registered TINs only if the bulletin)
fees and charges for as long as these fees are reasonable and
within the limits set by the Local Government Code and city
a. the location and the area (size in square meters) of the place
of business; or
06 After issuance of the SEC certificate of incorporation, pay 1 day PHP 500
07 Notarize the business permit application form at the notary 1 day PHP 50
website.
08 Obtain the business permit to operate from the Customer 2 days PHP 6,426 (PHP 208.5
Service Counter of the Business Permits and Licensing business tax (1/4 of 1/10
The company must file the following documents at the BPLO: impact fee + PHP 2,500
Once the documents are filled, the officer at the Customer + PHP 200 fire inspection
Service Counter forwards the forms to the following fee + PHP 150 business
offices: (1) the BPLO for the assessment of fees and tax plate/sticker + PHP 260
order of payment; and (2) the Health Department for signboard + PHP 547
regulatory charges))
The city collects initial business tax for the quarter covering the
business permit.
may opt to register its CAS under the procedures laid out in BIR
10 Apply for Certificate of Registration (COR) and TIN at the 2 days PHP 115 (PHP 100
The company must register each type of internal revenue tax for
which it is obligated by filing BIR Form No. 0605 and paying the
a. Barangay clearance;
the SEC.
11 Pay the registration fee and documentary stamp taxes 1 day PHP 4,670 (PHP 500
The company must pay DST on the original issuance of shares issuance of shares of
of stock. The rate is PHP 1 on each PHP 200 or a fractional part stock. DST on the lease
thereof, of the par value of such shares of stock. This payment contract is not included in
with the BIR should be made on the 5th of the month following the computation of the
The COR will be released only after all the DSTs are paid.
The company must also pay DST on its lease contract at the
rate of PHP 3 for the first PHP 2,000 or fractional part thereof,
thereof in excess of the first PHP 2,000 for each year of the
12 Obtain the authority to print receipts and invoices from the 1 day No cost
BIR
official forms, or it can print its own forms (i.e., it uses its
permit from BIR for this purpose. To obtain the authority to print
receipts and invoices from the BIR, the company must submit
b. Job order;
printed);
0605).
13 Print receipts and invoices at the print shops 7 days PHP 3,500 (between PHP
2,500 - PHP 3,500)
RDO (i.e., the RDO which has jurisdiction over the company’s
thirty (30) days from issuance. The company must also submit
c. SEC registration;
The company must also submit a copy of the PCD to the BIR
business.
following documents:
(PhilHealth)
following documents:
c. SEC registration;