Our Services
At Business Explore PH, we interface directly with the SEC and DTI to register your business in the Philippines. Our streamlined approach ensures that your company is legally established and ready to harness a broad spectrum of benefits—from opening corporate bank accounts to enhancing your market credibility.
Why Register Your Business?
Business registration, also known as company incorporation, is a critical step toward legitimizing your business operations in the Philippines. The advantages include:
- Legitimization and avoidance of legal complications
- Ability to open corporate bank accounts
- Enhanced credibility for marketing and customer trust
- Authorization to conduct business activities in the Philippines
By registering your business, you lay a solid foundation for growth, operational efficiency, and long-term success.
Our Business Registration Process
At Business Explore PH, we guide you through every step of the registration and incorporation process, ensuring that you meet all legal requirements with ease.
Step-by-Step Guide to Business Registration
Select and Prepare Your Company Name:
Prepare up to 5 potential names, including alternatives in case your preferred name is unavailable.
Reserve Your Business Name:
- Sole Proprietorship: Register your business name with the Department of Trade and Industry (DTI).
- One Person Corporations (OPC) or Domestic Corporations: Reserve your company name through the Securities and Exchange Commission (SEC).
- Cooperatives: Name reservation is handled by the Cooperative Development Authority (CDA).
Prepare Required Documents:
Refer to the SEC, DTI, or CDA for the specific documents required. Alternatively, our consultation service provides professional guidance and document preparation.
Articles of Incorporation and By-Laws:
Corporations must draft and submit Articles of Incorporation and By-Laws to the SEC (note: One Person Corporations are exempt from By-Laws).
Submission of Documents:
- Corporations: Submit your documents to the SEC.
- Sole Proprietorships/OPC: Register with the DTI.
Registration with Local Government Units (LGUs):
Secure the necessary approvals including:
- Locational Clearance (from the City Hall’s Zoning Administration Division)
- Lease contract or proof of ownership (Title/Tax Declaration)
- Barangay Clearance
- Business Permit from the BPLO
- Fire Safety Inspection Certificate from the BFP
- Mayor’s Permit
Registration with the Bureau of Internal Revenue (BIR):
Complete and submit the required forms:
- BIR Form 1903 – Application for business entities
- BIR Form 0605 – Annual Registration tax payment
- BIR Form 1905 – Registration of Books of Account
- BIR Form 1906 – Application for Authority to Print Receipts
- BIR Form 2000 – DST Shares/Lease for Domestic Corporations
Additional Compliance for Corporations Hiring Employees:
Register with government agencies such as:
- Home Development Mutual Fund (Pag-IBIG Fund)
- Social Security System (SSS)
- Philippine Health Insurance Corporation (PhilHealth)
Understanding Philippine Business Structures
Prior to commencing your incorporation process, it’s vital to choose the structure that best suits your needs:
Local Business Structures
- Sole Proprietorship: Ideal for individual business owners; registered via DTI.
- Partnership: Involves two or more owners; registration is overseen by the SEC.
- Domestic Corporation: A legally distinct entity from its stockholders; registration is through the SEC.
- One Person Corporation (OPC): A streamlined domestic corporation with a single stockholder; regulated by the SEC.
Foreign Corporation Structures
- Branch Office: Extension of a foreign company operating in the Philippines.
- Representative Office (PRO): Establishes a local presence without earning income.
- Regional Operating Headquarters (ROHQ): Provides services to related entities within the Philippines.
- Regional Area Headquarters (RHQ): Manages and coordinates a multinational’s regional operations without local business activities.
Supplementary Compliance and Ongoing Services
Beyond initial business registration, companies must continually adhere to legal and compliance obligations. Our comprehensive support extends to:
- Corporate Housekeeping and Compliance
- Drafting Company Manuals and Labor Contracts
- Fiduciary and Intellectual Property Services
- ISO Consulting and Certification
- Regulatory Compliance Auditing
- Recruitment and Executive Search
- Corporate Tax Incentives
- Ongoing Legal and Financial Compliance (Accounting, Bookkeeping, Tax Filing, and Payroll Outsourcing)
To ensure your business complies with all regulatory requirements and benefits from tailored corporate services, please contact us for an initial consultation at [email protected].