Business Registration Steps


1. DTI (www.dti.gov.ph) – Single Proprietorship

  • Business Name Search
  • New Applications, Renewals
  • Changes of Business info or Cancel Business Name
  • Certification of Request
  • Business Name 5yrs – P300
2. Barangay Business Clearance

  • Clearance from building owner of homeowner’s association
  • Payment of Php150.00
3. Mayor’s Permit

  • DTI Certificate of registration
  • Sketch of exact Location
  • Payment of Insurance
  • Municipal Treasurer’s Certification that business is new and starting
  • Pay 20% of 1% of paid-up Capitalization
Barangay Micro-Business Enterprise (BMBE) Act of 2002 (RA 9178)

  • A barangay micro Business enterprise is engaged in production, processing or manufacturing of products as well as trading and services with a total assets of 3 million.
  • Such as assets include those arising from loans but not the land on which the plant or equipment located
Incentives:

  • Income tax Exemption from income arising from the operation of the enterprise
  • Exemption from the coverage of the Minimum wage law, but employees will receive social security and health care benefits
  • Priority to a special credit window set up especially for the financing requirements of a BMBE.
How to Register:

  • a. Get Application from office of the Treasurer of the City or Municipality where the business is located
  • b. Submit accomplished form with 3 passport size ID pictures
  • c. A registered BMBE gets a Certificate of Authority effective for one year
4. BIR registration Certification no. and Tax identification no. (TIN) (www.bir.gov.ph)

5. Social Security System (www.sss.gov.ph)

  • An employer or any person who uses services of another person in business, trade, industry or any undertaking must be registered with the SSS
  • Social, civic professional, charitable and other non-profit organization which hire the services of employees are considered “employers”