Incorporation Process

Incorporation Process in the Philippines

Incorporation of a business in the Philippines may involve six government agencies or more, depending on your business activities in addition to a bank. Please see the annex for the list of government agencies that may also be included in the incorporation process.

Things you need to do before starting the registration process

1.Determine your Business Name

  • Tip: Prepare your best 3-5 company names in case your first choice is unavailable (meaning, it already exists or name has been reserved with the SEC.)

2.Determine your Permanent Office Address

  • Tip: For companies who are pressed with time and will need to have their business duly licensed by all government agencies, you may avail of a virtual office service. However, should you decide to transfer to a physical office, you will have to amend your registration documents and submit those to the same government agencies. Amendment of documents entails costs.

Incorporation Process & Steps

Step 1: Business Name Registration with the Securities and Exchange Commission (SEC), Department of Trade and Industry (DTI) or Cooperative Development Authority (CDA)

Step 2: Registration with Local Government Unit (LGU / City Hall)

Registration with LGU includes:

  • Barangay
  • Community Tax Certificate (CTC)
  • Acquiring locational clearance (Subject for Inspection) / for Taguig: Zoning Clearance
  • Fire Permit
  • Sanitary Permit
  • Garbage Fee (depending on requirement of municipality)
  • Environmental Fee (depending on requirement municipality)

Step 3: Registration with Bureau of Internal Revenue (BIR)

  • Prerequisite of BIR Registration:
    • 0605 Form (Annual Registration)
    • DST 2000 on share (for Domestic Corporations)
    • DST 2000 on lease (for all types of company formation)
      • This requires a notarized lease contract

Step 4: Registration with Securities and Exchange Commission (SSS) (the location of your registration with SSS will depend on your place of business)

Step 5: Registration with Philippine Health or Philhealth (the location of your registration with Philhealth will depend on your place of business)

Step 6: Home Development Mutual Fund (HDMF)

  • SSS registration is a prerequisite of HDMF registration

Government Agencies that a business needs to register with depending on company formation