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Understand the Jurisdictions Setup Requirement Before Proceed Your Philippines Company Incorporation Services
Looking to expand your business operations and grow globally? Wondering where to open your next branch office after Singapore? Then consider the Philippines.
Ranked among one of the fastest-growing economies in Asia, the Philippines is a flourishing-nation that offers both locals and foreigners a great place to setup business operations. The country also offers a pro-business environment with favourable tax regulations, big savings on operational expenses, and a strong and competent labour force.
If you’re thinking of setting up an offshore centre in the Philippines, then get in touch with us. We specialise in Philippines company incorporation services. We can help you create a business setup in the Philippines in the fastest time while ensuring that you enjoy a smooth and stress-free experience.
To operate in the Philippines, you first need to get your license and register with the SEC. SEC, also known as the Securities and Exchange Commission, is the governing body for all entities operating in the Philippines such as domestic corporations or subsidiary, branch offices, partnerships, Regional headquarters and representative offices.
Getting licensed and completing the company incorporation services successfully in the Philippines can be a time-consuming and stressful task especially if you’re not a local. Understanding the company formation process and procedure can prolong the time before you start your operations in the Philippines. However, when you hire us for Philippines company incorporation services; you don’t have to worry about all that as we navigate you through the entire process and provide you quality and end to end setup assistance.
How We Work?
Our experts first understand your requirements and then provide you with quality recommendation on what would be the best business setup structure for you accordingly. Plus, we also provide you with complete information on the pros and cons of each entity structure, so that you can make a well-informed decision.
Once you select and finalise your business structure, our team assists you in the incorporation process. We help you acquire all the business permits that you may need to operate in the Philippines legally. This includes resident and work visa.
Company Incorporation – Steps to Register Your Business in the Philippines
Step 1 – Register Your Business Name with the SEC
The first step of the company incorporation process is to select your business structure and register your company name with the SEC. Our team can provide you with company/business name check in 12 hours to ensure that no other business of that name already exists or operates in the country.
Step 2 – Open Your Business Bank Account
When applying for company formation in the Philippines, you must open a TITF bank account. This account serves as a temporary-depository account of the corporation’s paid-up capital which is basically 25 percent of the capital subscribed. Once you open your account, the bank will then issue you a COD (Certificate Of Deposit) that you will have to submit to the Securities and Exchange Commission.
Step 3 – Documents and Bylaws Preparation
Our experts will then help you prepare business corporation bylaws and documents. These documents along with the COD will have to be submitted to the Securities and Exchange Commission for approval and registration. It takes about 10 to 15 working days.
Step 4 – Get TIN from Bureau of Internal Revenue
Once you get registered with the SEC, then as a company owner, you must get your TIN (Taxpayer Identification Number), apply for authority so that you can print official receipts and also register your books of accounts.
Step 5 – SSS Registration
The next step is to get registered with the Social Security System. This will help you secure your employer number which you can use as reference for the remittances of contributions made on a monthly basis.
Step 6 – Register with Other Authorities
After that, you will also have to register your company with other important authorities in the Philippines such as Phil-Health, City Hall, and Pag-Ibig. This takes about 18 days. We’ll help you with these registrations too.
Once you complete this process, you will attain all the permits and your company will become fully-legal to operate in the Philippines.
For more information or service assistance, contact us today! Please email us at email@example.com and we will promptly reply within 24 hours.