Business registration in the Philippines has become more accessible and efficient with the advent of online registration services. Aspiring entrepreneurs can now complete the registration process conveniently through government agencies’ digital platforms. The two central government bodies responsible for online business registration are the Department of Trade and Industry (DTI) and the Securities and Exchange Commission (SEC). Both agencies offer online registration services to cater to different types of businesses, providing a streamlined and time-saving approach for entrepreneurs.
This guide will walk you through the requirements, the step-by-step process, what to expect during and after the application, and the subsequent formal business registration steps.
Requirements for Online Business Registration Application
Before initiating the online business registration process, ensure that you have the following documents and information ready:
- Business Name: Choose a unique and appropriate name for your business that complies with the business name guidelines set by the DTI or SEC.
- Business Structure: Determine the type of business structure you wish to register, whether it’s a sole proprietorship (for DTI registration) or a corporation, partnership, or one-person corporation (for SEC registration).
- Business Activities: Clearly identify the primary activities your business will engage in and ensure they align with the Philippine Classification of Individual Consumption According to Purpose (PCOICOP) code.
- Business Address: Provide a valid and complete address where your business will operate.
- Valid IDs: Prepare valid government-issued identification documents, such as a passport, driver’s license, or national ID.
Process for Online Business Registration Application
DTI Online Business Name Registration
- Visit the DTI Business Name Registration System website.
- Check the availability of your chosen business name.
- Fill out the online registration form with accurate information.
- Pay the necessary registration fee through the available payment options.
- Receive the business name registration certificate via email.
SEC Online Company Registration
- Access the SEC i-Register portal on the SEC official website.
- Create an account and log in to the system.
- Fill out the necessary information, including the proposed company name, type of corporation, and primary business activities.
- Upload the required documents, such as articles of incorporation and treasurer’s affidavit, as specified by the SEC.
- Pay the corresponding registration fees through the available payment channels.
- Await approval and receive your Certificate of Incorporation through email.
What to Expect After Filing for the Application
Upon successfully submitting the online business registration application, you can expect a processing time of approximately 1 to 5 business days for DTI Business Name Registration and around 1 to 10 business days for SEC Company Registration. Government agencies may conduct reviews and verifications during this period. You will receive email notifications regarding the status of your application, including any additional requirements or approvals needed.
Next Steps for Formal Business Registration
After obtaining your DTI Business Name Registration or SEC Certificate of Incorporation, you need to proceed with the following steps to complete your formal business registration:
- BIR Registration: Register your business with the Bureau of Internal Revenue (BIR) to obtain your Tax Identification Number (TIN) and other necessary tax-related requirements.
- Local Government Registration: Register with the appropriate local government unit to secure your Mayor’s Permit or Business Permit, depending on your business location.
- Other Permits and Licenses: Depending on your business nature, you may need to secure additional permits and licenses from relevant government agencies.
Do You Need Assistance Registering Your Business?
Navigating the intricacies of online business registration and formal incorporation can be daunting. Triple i Consulting supports you throughout the process, providing expert guidance and assistance from online business registration to full company incorporation. With our experienced team and in-depth knowledge of Philippine business laws and regulations, we ensure a smooth and efficient registration experience, allowing you to focus on growing your business.
To set up an initial consultation with our registration experts, feel free to reach out to us through any of the following methods:
- Contact Us Here
- Complete the form below
- Call us at: +63 (02) 8540-9623
- Send an email to: firstname.lastname@example.org
Let us handle the complexities of business registration while you concentrate on accomplishing your primary objectives.