How To Register A Small Business In The Philippines
The DTI Application Form is available on their website. It has the least amount of documents and items required.
First do a quick online check on the availability of your proposed business names through the Philippine Business Registry website.
How to register a small business in the philippines. After thinking long and hard for the right business name the next step is the actual registration. Register your business in the Bureau of Internal Revenue BIR Go to the Regional District Office RDO where your business is located. Besides the SEC you also have to register with the barangay City Hall BIR SSS HMDF and Philhealth.
Fill up the online registration form. Barangay Micro Business Enterprises BMBEs act of 2002. Have your documents assessed by the Officer of the Day.
SEC Articles of Incorporation. There are two ways for you to register your business name in DTI online and over-the-counter. You can get your DTI Business Registration application form online.
Register with Barangay Once you have received your certificate of registration from the DTI its time to go to the Barangay where your business is located to fill out an application. You will need a minimum of one million pesos paid-up capital. The applicant should be at least eighteen years old.
Pay the necessary fees at the BIR Payment Counter. If your business name is available you can already proceed and fill up DTIs online registration form through their Business Name Registration System BNRS. In addition to your application you will need to submit your DTI Certificate of Business Registration two valid IDs and a proof of residence.
The Department of Trade and Industry DTI is the government agency that governs the name registration for businesses in the Philippines. As a single proprietor you have to register your online business name first with the DTI before you register with the BIR. Prepare at least three 3 business names in case there are existing ones similar to yours.
Pay the registration fee. Fill out the necessary forms. The very first step to register a business in the Philippines would be to apply for a business name at the Department of Trade and Industry DTI.
For the requirements and steps check out this DTI business registration guide. Here is the list of important business documents that you have to secure. How to register your business under RA 9178.
Register your business with the Securities and Exchange Commission or SEC wwwsecgovph get a Mayors permit certification from the Bureau of Internal Revenue BIR and Social Security System Philhealth and Pag-IBIG coverage for the people you will be employing in. Take note of the reference code that will be provided to you as you will use it in all transactions with BNRS. The company must be in the form of a corporation so it must register with the Securities and Exchange Commission SEC.
Register your business Once you have decided on your organizational structure and as soon as the trade name has been reserved move to have your business registered. A simple and easy business to register in the Philippines would be a single proprietorship. Heres how to register your business in DTIFirst register your business name online at the new Business Name Registration System BNRS of the Department of Trade and Industry DTI.
Fill it out and print. Know the current legal requirements. Good thing its easy and quick to apply for DTI business registration online through the Business Name Registration System BNRS.
Fill-up the BIR Form 1901 Application for Registration for Sole Proprietor Submit completed registration form together with the following. When registering an online business with you as the sole proprietor you need to fill out the Application Form BIR Form 1901 and the Payment Form BIR Form 0605. Barangay Micro-Business Enterprises BMBEs can now register their businesses free of charge at the Department of Trade and Industry.
