Doing Business in the Philippines
A Checklist
-is a general guide which investors may scan in order to prepare for activities they need to undertake in doing businesses in the Philippines.
An investor needs to undertake applicable combination of activities. Some of these can be done simultaneously. Specific requirements may vary depending on several factors like foreign equity participation, nature of business, locations, among others. The last section is a list of agencies and the addresses of the board of Investments One-stop Action Center (BOI-OSAC), the Bureau of Trade Regulations and Consumer Protection (BTRCP), the Philippine Economic Zone Authority (PEZA), the Securities and Exchange Commission (SEC).
GETTING STARTED
A. General Registration Requirements
Investors setting up business in the country will have to comply with the following general requirements.
Registration of Corporations and Partnerships
Securities and Exchange Commission (SEC)
Registration of Business Name/Single Proprietorship
Bureau of Trade Regulations and Consumer Protection (BTRCP)
Registration for incentives availment under Executive Order 559
Board of Investments (BOI)
Registration of exports firms (for those locating of the country’s economic zones and availing of incentives)
Philippine Economic Zone Authority
Securing Tax Identification Number
Bureau of Internal Revenue (BIR)
Securing locational clearance/business permit for firms locating in Metro Manila
Metro Manila Authority (MMA)
Securing building permit and license to do business
City Hall/Municipal offices in the localities where the business will be set up
Securing employer’s SSS Number
Social Security System (SSS)
Securing membership in the government health care benefits system
Medicare
Securing electric services connection
Manila Electric Co. (MERALCO) for business in MERALCO franchise area: local electric utility firms for companies locating in non-MERALCO franchise area
Securing...