Starting a business in the Philippines is only the first step of many in its continuous operations. Like most countries, the Securities and Exchange Commission (SEC) of the Philippines requires regular monitoring and reporting of every company’s yearly activities. The BIR and local government also require reporting and regular renewal of licenses and certificates.
For multi-national and foreign-owned corporations, this problem translates to slowing down the real business to comply with these requirements. Besides tax compliance (which requires monthly, quarterly, and annual reporting to the tax authority), there is also a need to file meeting minutes, board resolutions, general information sheets, and other pertinent documents with SEC. The local government (usually the city hall) also requires that business permits be renewed and sales taxes be paid at the start of every year. Most municipalities work on a fiscal year so regardless of when the new business permit was filed, they must be renewed January of each year.
Triple i Consulting, with its legal and support services, relieve companies of the burden of worrying about corporate compliance.
Triple i Consulting provides outsourced corporate housekeeping to companies wishing to simplify their operations while keeping the growth of the business. Our legal and accounting departments are fully equipped to comply with the bureaucratic procedures, and our quality management system, combined with online project management softwares, can ensure that Triple i is prepared for all the necessary filings.