Starting a business in the Philippines is quite easy especially this time that government agencies are already adapting to technological advancements through the use of electronic systems.
With only a few things to accomplish before jumping off to your operations, you’ll realize that setting your business up and rolling would not really cause you much sweat.
So here are the steps that you need to accomplish to do business in the Philippines. Please take note that the steps laid here below are for sole proprietorship and may slightly differ with the processes in your location:
1. Register for a business name
If you already have a fantastic name for your business, you must immediately register it using the online facility of the Department of Trade and Industry (DTI). It only takes a few minutes to do so, but make sure that you have followed their guidelines in choosing an appropriate business name. The rules on the registrability of names can be found at this link.
2. Get a community tax certificate
After getting a business name registration certificate from the DTI, the next thing that you need to acquire is your community tax certificate (cedula) as this is a basic requirement for most government transactions. To do this, you will need to visit your city or municipal hall (or in some areas, this can be acquired in your local barangay hall). You don’t have to worry since most cities and municipalities have a dedicated office for business-related concerns that will serve as your “one-stop shop.”
3. Apply for a barangay clearance
Once you have acquired your cedula, you may now proceed to the barangay hall of the place where you intend to put up your business. Just present to them your DTI and community tax certificates and they will provide you with a clearance that you are allowed to operate within their jurisdiction. Fees for the barangay clearance differ from place to place, but there are also barangays that do not ask for payments for this type of service.
4. Get your mayor’s permit
After being cleared at the barangay level, you may now go to your local Business Permits and Licensing Office (BPLO) to apply for a business permit. Before giving you the official mayor’s permit (the one printed on a special paper that you need to display conspicuously at your business office at all times), they may require you to seek the approval of the Bureau of Fire Protection for the Fire Safety Inspection Certificate and of your city or municipal health officer for the Health and Sanitation Certificate.
5. Register at the Bureau of Internal Revenue
Upon receiving your mayor’s permit, your business is actually good to go, except that you may not be allowed to handle financial transactions (yes, payments) yet. At this point, you may already set up your shop and prepare your marketing materials as you also go to the Bureau of Internal Revenue (BIR) to apply for a Certificate of Registration (COR) and pay the necessary fees at any of their accredited banks. Once you have acquired your COR, you may already look for a printing press (of course, we suggest Caritas Printing and Trading Center) to do the printing of official receipts and other business forms for you.
Once finished with all the aforementioned steps, get ready to enter the world of entrepreneurship!
Do you need help in marketing your business, send us an e-mail at email@example.com for advertisement opportunities and media partnerships!