business registration philippines
In the mid-year economic briefing last September 30, 2011, Economic Planning Secretary Cayetano Paderanga said that the Aquino government has…
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.
Foreign companies starting or doing business in the Philippines must register their company with various government agencies including the SEC, BIR, SSS, Phil-health, Pag-ibig and obtain clearance from local governments .