Business Registration in the Philippines

The core of setting up a business in the Philippines.
+63 (02) 8551 9012-13
info@tripleiconsulting.com
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Metro Manila Head Office

Address: 12F Sagittarius Building,
111, H.V. Dela Costa Street Salcedo Village, Makati City 1227
Tel: +63 (02) 8551 9012-13
Email: info@tripleiconsulting.com

Registering a business is the first step in beginning to operate legally in the Philippines. Currently, the Philippines provides great opportunities to both local and foreign entrepreneurs in many industries. A legal entity is not only a requirement but also the companies protection when operating and conducting business within the country. While it is possible to engage in some business activities while the company is being incorporated, it is understood that business registration must be completed before activities will begin.

Triple i Consulting provides expert services and assistance in setting up a company. Having registered and dealt with hundreds of multinational and domestic businesses in the Philippines, we understand all of the aspects of starting a new business. By working together with our clients from the start, we are more able to quickly provide document evaluation, compilation and filing procedures. With our systematic approach, we are able to reduce entry time for companies looking to enter the Philippine market.

Steps in Business Registration

When registering a new business in the Philippines there are several steps that need to be completed in order to properly incorporate and begin operating. Below is a basic outline of steps for companies, of course, each business has unique requirements and needs so the steps may change depending on the case.

Basic Steps:

  • Initial consultation and selection of business entity
  • Conduct some basic business activity
  • Drafting of corporate documents
  • Receive secondary approval from a government agency (if required)
  • Opening of Corporate Bank Account
  • Submission to the Securities and Exchange Commission of the Philippines or Department of Trade and Industry
  • Receive Articles of Incorporation or Foreign Registration documents
  • Local registration within your locality
  • Registration with the Bureau of Internal Revenue
  • Registration with the various labor departments
  • Processing of any visas for foreign staff

Tax Incentives for Businesses in the Philippines

The Philippine government has created an excellent plan to encourage investments in the Philippines in the form of tax and non-tax benefits to certain sectors. A business either exporting its products and services or operating a domestic industry listed in the 2012 Investment Priorities Plan could qualify for tax benefits from the Board of Investment (BOI) or Philippine Economic Zone Authority (PEZA).

Benefits include:

  • Income tax holiday
  • Duty-free import of capital equipment
  • Reduced wharfage fees
  • VAT exemption
  • Employment of foreign nationals
  • Special investors’ visa

Additional Regulatory Permits for Certain Operating Businesses

Certain businesses will require extra licenses and registration requirements, depending on their exact nature. The business consultants at Triple i can determine if your company needs other licenses and guide you through the entire process. With our experience in business registration services in the Philippines, we can help companies submit their documents and receive a fast turnaround on processing.

Businesses in the Philippines requiring licensing:

  • Mining and mineral processing
  • Banking and Finance
  • Import and export trafficking
  • Online gaming and amusement
  • Security-related industry
  • Cosmetic or pharmaceutical industry
  • Manpower or recruitment agency
  • Agricultural production
  • Energy-related services
  • Oil and gas sector

Business registration is only the beginning.

Triple i also provides

  • Office fit out and set-up
  • Drafting of company manual and labor contracts
  • Recruitment and executive search services
  • Corporate housekeeping
  • Outsourced bookkeeping, financial reports and regular tax filing
  • Payroll outsourcing services
  • On-going corporate compliance and legal services

Triple i Consulting is proud to be the first ISO 9001:2008 firm in the Philippines providing company registration. Our team of consultants and lawyers can guide your company through legal and logistical obstacles when entering the Philippine market – and help you succeed in your business.

Contact us today to get more information about our business registration services. We are happy to discuss with you the benefits of our accounting and business solutions.