Process for Handling Philippine Business License

The Philippines is one of the 24 ASEAN countries, and the Philippines is very important in the ASEAN organization. The Philippines has developed well in recent years, but it has also experienced ups and downs. The Philippines is a country with a lot of chaos. Many government officials are corrupt. As the saying goes, it is easy to make money in troubled times. If many Chinese want to do business in the Philippines, they have to apply for a Philippine business license. Then the article will answer the process of applying for a Philippine business license!

Process for Handling Philippine Business License

The first step is to think about the name of a company. After you think it over, you have to apply to the Securities Commission. If you don't have the same name, you can pass.

The second step is to prepare the registration materials. The materials required to register a company in the Philippines are: company name, shareholder information, business scope, embassy certification documents submitted to the Philippine Securities Commission.

The third step is to register a bank account, remit the registered capital, and then let the bank issue a certificate.

The fourth step is to go to the city hall to apply for a business license. The materials required for the application are the certificates of all the steps mentioned above.

This is the general process for handling a business license in the Philippines. Doing business in the Philippines is not just a business license, but there are many procedures to be handled, that is to say, the procedures are complicated and can be handled by EasyGo Easy Travel International.

Validity of Philippine Business License

The validity period of the Philippine business license is one year, which is stipulated by the Philippine government. Foreigners can open a company in the Philippines. The business license must be updated every year. After the update, they can continue to do business in the Philippines.

On the streets of the Philippines, people from the Market Supervision Bureau often go to the store to check their certificates. If it is found that the business license has expired at this time, then the situation is illegal and it will be very troublesome.