Business Registration Philippines


How to Register a Sole Proprietorship

Posted in General Information,How to Register by mariedelatorre on April 9, 2008
Tags: , ,

If you’re a Filipino citizen, 18 years old & above, you can register a sole proprietorship.

What you should get, as a minimum:

  • Certificate of Business Name Registration – DTI
  • Certificate of Registration – your BIR Revenue District Office (RDO)
  • Mayor’s Permit – at your City Hall
  • Barangay Clearance – your barangay hal
  • SS Number (as an employer; or for yourself as self-employed) – SSS branch covering your area
  • Philhealth – Philhealth in Quezon City

What you need

  • Name of your business to be registered through DTI Business Name Registration System (BNRS)
  • Original & photocopy of proof of citizenship (e.g. PRC ID, birth certificate, voters ID, passport)
  • Signed copy of undertaking from DTI BNRS (see #2 below)
  • Payment of P300 for application (+P15 for documentary stamps)
  • 2 recent identical passport size picture (with signature of owner at the back)
  • For franchise holder: photocopy of franchise agreement, each page duly certified by the franchisor or franchisee
  • For franchise holder: photocopy of Business Name Certificate of franchisor

Steps

  • Visit DTI Business Name Registration System (BNRS). If unavailable, call DTI Direct (751-3330).
  • You will receive a Transaction Reference Number Acknowledgement email from DTI BNRS.
  • With all the supporting documents mentioned, proceed to DTI Office.

Final notes:

Your DTI registration has to be renewed every year. There’s a renewal fee of P300 and if you renew after 90 days from expiration, there’s a surcharge of P100.
Make at least 10 copies of your DTI Business Name Certificate, which you’ll need for other registrations and to open your business bank account.

Business Registration Philippines

Posted in General Information by mariedelatorre on April 9, 2008

We’ll consider:

  • What form of ownership is most suitable for your business
  • What are the requirements for sole proprietorship, partnership, corporation? How about cooperatives and nonprofit organizations?
  • How exactly do I register? What are the forms and affidavits I have to prepare?
  • What are the tax or business incentives available?
  • How do you qualify for the income tax exemption under Barangay Micro Business Enterprise (BMBE) law?

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