Bonifacio Global City (BGC) is a premier business district in Metro Manila, Philippines. It is home to many multinational corporations and startups, and also known as “The Fort” and “Taguig”. If you are considering starting a business in BGC, a domestic corporation is one of the most popular business structures used.
The process of registering a domestic corporation in BGC is relatively straightforward.
Here are the steps involved:
- Choose a name for your corporation. The name of your corporation must be unique and cannot be the same as the name of any other corporation already registered with the Securities and Exchange Commission (SEC). You can check the availability of a corporate name using the SEC’s online name search tool.
- File the Articles of Incorporation. The Articles of Incorporation is a document that contains the basic information about your corporation, such as its name, purpose, authorized capital stock, and incorporators. You can download a sample Articles of Incorporation from the SEC’s website.
- Pay the filing fee. You can pay the filing fee at any Land Bank of the Philippines branch.
- Have your Articles of Incorporation notarized. The Articles of Incorporation must be notarized by a notary public.
- File your Articles of Incorporation with the SEC. You can file your Articles of Incorporation with the SEC’s main office in Makati City or with any of its regional offices.
- Obtain your Certificate of Registration. Once the SEC approves your Articles of Incorporation, it will issue you a Certificate of Registration. The Certificate of Registration is your proof that your corporation is legally registered with the SEC.
In addition to registering your corporation with the SEC, you will also need to register it with the following government agencies:
- Bureau of Internal Revenue (BIR)
- Department of Trade and Industry (DTI)
- Local government unit (LGU)
The registration process with these agencies varies, so you should contact them directly for more information.
Once you have registered your corporation with all of the necessary government agencies, you can start operating your business. However, it is important to note that there are other requirements that you may need to comply with, depending on the type of business that you are operating. For example, if you are operating a business that requires a license, you will need to obtain a license from the relevant government agency.
Tips for Registering a Domestic Corporation in BGC
Here are some tips for registering a domestic corporation in BGC:
- Choose a unique name for your corporation. This will help to avoid confusion with other corporations.
- Have your Articles of Incorporation notarized by a notary public. This is a requirement for registering a corporation with the SEC.
- File your Articles of Incorporation with the SEC as soon as possible. This will allow you to start operating your business sooner.
- Register your corporation with all of the necessary government agencies. This will ensure that your business is compliant with all applicable laws and regulations.
Conclusion
Registering a domestic corporation in BGC is a relatively straightforward process. By following the steps outlined in this article, you can register your corporation and start operating your business in BGC.
Help is Available!
In addition to obtaining licenses, businesses established in the Philippines also need to attend to other aspects of running a business, such as:
- Corporate housekeeping: This includes tasks such as maintaining corporate records, updating shareholder information, and filing annual reports.
- Drafting of company manual and labor contracts: This involves creating documents that outline the company’s policies and procedures, as well as the terms of employment for its employees.
- Fiduciary services: These services can help businesses manage their finances and investments, as well as provide advice on legal and regulatory matters.
- ISO Consulting and Certification: This can help businesses improve their quality management systems and become certified to ISO standards.
- Intellectual property registration: This protects businesses’ intellectual property, such as trademarks, patents, and copyrights.
- Regulatory compliance auditing: This ensures that businesses are in compliance with all applicable laws and regulations.
- Recruitment and executive search services: These services can help businesses find the right employees for their open positions.
- Corporate tax incentives: The government offers a variety of tax incentives to businesses that invest in the Philippines.
- On-going corporate compliance and legal services: These services can help businesses stay up-to-date on the latest laws and regulations and ensure that they are in compliance with them.
- Accounting, bookkeeping, financial reports, and regular tax filing services: These services can help businesses keep track of their finances and ensure that they are filing their taxes correctly.
- Payroll outsourcing services: These services can help businesses handle payroll administration, including tax withholding and employee benefits.
Triple i Consulting is a leading business registration and corporate services provider in the Philippines. We can help you with all of your business registration needs, including:
- Choosing the right business structure
- Filing the necessary paperwork
- Obtaining the required licenses and permits
- Setting up your accounting and bookkeeping system
- Managing your payroll
- Providing tax and legal advice
We understand that starting a business can be a daunting task. That’s why we’re here to help you every step of the way. Contact us today to learn more about how we can help you register your business in the Philippines.
Contact Us Here, or by filling out the form below, call us at +63 (02) 8540-9623, or email us at info@tripleiconsulting.com to book an initial consultation with one of our Philippines business registration experts.
