Business Incorporation and Registration in the Philippines

As an entrepreneur, it is vital to stay up-to-date with the latest tax laws to ensure that your company is compliant with its corresponding rules and regulations. Doing so also enables you to align your business towards notable changes provided by recent tax laws.

Author Admin Doing Business in the Philippines Blog (DBP) is an online business blog that provides free insights, useful articles,…

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In the mid-year economic briefing last September 30, 2011, Economic Planning Secretary Cayetano Paderanga said that the Aquino government has…

Following in the footsteps of global tech hubs Singapore and Hong Kong, the Philippines is slowly fostering a tech startup ecosystem to facilitate the market-entry and participation of new entrants to its economic marketplace. The obvious advantages of a huge consumer base, high mobile penetration, and enormous potential for digitization in untapped resources – along with a large, English-speaking population and cost-effective technical, marketing, and back-office support – make the country an ideal test market for startup companies looking to develop their business models in an economy with a digital infrastructure that is still in its infancy.

If not done correctly from the outset, registering a business in the Philippines can be a complicated and tedious process. That is why it is important for foreign companies to be 100% compliant from the very beginning, and to familiarize themselves with the procedures in setting up and registering a business in the Philippines. In order to successfully incorporate a business in the Philippines, a number of things must first be taken into consideration. The appropriate investment vehicle must be chosen, whether it is a fully-foreign owned branch office, a fully-foreign owned domestic corporation, a fully-foreign owned representative office, or a 60/40 subsidiary, and the business must be registered with the relevant government agencies, including the Philippines Securities and Exchange Commission (SEC), the Department of Trade and Industry (DTI), the Bureau of Internal Revenue (BIR), as well as with investment bodies like PEZA and BOI.

Author caren View all posts

Companies starting or doing business in the Philippines need to perform a number of key steps to setup a company in the Philippines and start their business. Whether you are putting up a BPO such as a call center or web development outsourcing company, below are tasks you would need to accomplish to get your new company up and running as quickly and efficiently as possible.

The overall investment climate in the Philippines has improved in the past decade, and that’s a good thing. Experts say that the Philippines will sustain strong growth amidst the local and global uncertainties brought by the COVID-19 pandemic. They also stated that it will achieve new heights in economic growth in the coming years.