What is the Philippine company registration agency procedure

Let me introduce to you the process of registering a company in the Philippines and how to go. Through the introduction of this article, you will have a thorough understanding of the situation of registered companies in the Philippines.

Philippine Company Registration Procedure

1, to the Philippine Securities Commission to apply for the name of the company, after examination without the same name before registration;

2. Open a bai account with a Philippine bank, remit or deposit the funds required for registration, and the bank will issue a certificate;

3. Rental office;

4. Apply to the Philippine Securities Commission for registration (if it is a wholly-owned company, the institution applying for registration is the Philippine Trade Bureau). If the shares of foreign investors exceed 40%, they must apply to the Philippine Investment Agency for business license: if they invest in industries with preferential treatment and want to obtain preferential treatment, they will be reported to the Philippine Investment Agency for approval after registration with the Philippine Securities Commission;

5. Apply for a business license to the office of the mayor of the company's place of business;

6, through the place of business accounting bank to register with the Philippine Taxation Bureau, apply for tax number, printing or purchasing VAT invoices;

7. Register the Company Employee Form with the Philippine Social Insurance Department and the Department of Labor and Employment.

Philippine company registration time

If the industry in which the registered company is engaged does not need to report to the special management department, or apply for a license from the special management department, after receiving all the information of the company, the company can usually complete a complete set of procedures in about 2 months.

Company registration documents obtained after completion

1. Approval documents, SEC registration documents, articles of association and company outline.

2, the company's property declaration; Certificate of receipt of registered capital, bank account opening form & seal card

3. TIN code & BIR form 1903; Account book and ledger registration, BIR registration invoice

4. Mayor's license and business license (if there is an office, lease contract and landlord information required)

5. Form R-1 (Employment Registration);R-1A (Employment Report)

6. Form ER1 (Employment Number Record);ER2 (Employee Number Report)

7, member registration remittance form, member data sheet.

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