Philippine Business Company Registration, Makati in Makati City, National Capital Region
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The most common form of business organization, and one which is chartered by a state and given many legal rights as an entity separate from its owners. This form of business is characterized by the limited liability of its owners, the issuance of shares of easily transferable stock, and existence as a going concern. The process of becoming a corporation, call incorporation, gives the company separate legal standing from its owners and protects those owners from being personally liable in the event that the company is sued (a condition known as limited liability). Incorporation also provides companies with a more flexible way to manage their ownership structure. In addition, there is different tax implication for corporations, although these can be both advantageous and disadvantageous. In these respects, corporations differ from sole proprietorship and limited partnership.
*Requirements:
Must consists of at least five (5) to fifteen (15) shareholders.
Registration of Name with Department of Trade and Industry (DTI).
Submission of duly notarized Articles of Incorporation and By-Laws.
If the Corporation has more than 40% foreign ownership submission of SEC forms F-100.
Registration of paid-up capital and affidavit from corporate treasurer.
- For 100% Filipino ownership minimum paid up is between 50,000-100,000 Pesos
- For Foreign ownership the minimum paid-up is expected to be higher depending on the type of corporation registering.
Licenses and clearance from necessary government offices
Filing of Tax Identification Number (TIN) with Bureau of Internal Revenue (BIR)
If employing individuals must register with government offices.
Business permit and Mayor's License for city of operation.
Best Regards,
Koala Documentary Services
Paseo De Roxas, Makati Central Business District
Makati City, Metro Manila
The Philippines
Cell: +63 917 345 2814 (Globe)
Email: rose@koaladocumentaryservices.com