The step by step procedure to legally Register and Operate a Philippines Corporation

The Securities and Exchange Commission (SEC) is the Philippines Government Agency which oversees corporations

1 – Reservation of corporate name with the Securities and Exchange Commission

2 – Preparation of Corporate Articles of Incorporation and Bylaws.

3 – Treasurer’s Affidavit

4 – Treasurer in Trust deposits the paid-in capital into a Trust account with a Bank. The bank issues a certificate of deposit.

5 – Companies with more than 40% Foreign Ownership must also submit SEC Form F-100.

6 – Submission of all the above documents to SEC for Registration

It will take 2 – 3 weeks for the SEC to return the approved Articles of Incorporation, Bylaws and Certificate of Incorporation.

Once the Certificate of Incorporation has been issued it’s time to start applying for the Municipal Business Permits.

DBC with the assistance of its legal team will prepare the Articles of Incorporation and Bylaws of your corporation based on the requirements of your business. Take note there exist restrictions on foreign ownership which may affect how many shares you may own and the minimum paid-in capital. Business Process Outsourcing is considered an export enterprise which may be 100% foreign owned and may avail of tax incentives

Certain kinds of business need additional endorsements and licenses from Philippines government agencies.

Government licensing bureaus

– Bureau of Food and Drugs
– Bureau of Customs
– Department of Labor and Employment
– Department of Environment and Natural Resources