Registration Overall Requirements

8/17/2019 Registration Overall Requirements

1/10

Overall Requirements/Steps

CORPORATION

• Buy the Incorporation papers from SEC – P600.00

• i!! out the forms "hich nee# to $e #one $y type"riter or computer – han#%"ritten

app!ications are not accepte#.

• &ou "i!! nee# a minimum of ' Incorporators( $ut can ha)e a ma*imum of +'. The

num$er of i!ipinos re,uire# #epen#s on the type of $usiness you "i!! $e runnin-.

• Open a Ban Account an# o$tain a Ban Certification of your #eposit.

•

Prepare / copies of a!! the forms an# ha)e them notarise#.

• O$tain ocumentary Stamps for the notarise# forms.

• Su$mit the comp!ete# forms to SEC

• SEC costs )ary a-ain accor#in- to the type of Corporation $ein- set up( $ut

typica!!y a omestic Stoc Corporation "i!! cost P1(2'0.00 an# a orei-n BPOE*port Corporation "i!! cost P'(+00.00

• Buy a Stoc an# transfer Boo from SEC P3'0.00

• 4o $ac( an# if no corrections are nee#e# – hi-h!y un!ie!y e)en if you no"

"hat you5re #oin- – pic up your Re-istration Certificate.

• &ou no" nee# to o$tain a ayor5s Permit.

A&OR5S B7SINESS PERITE)ery unicipa!ity ha# s!i-ht!y #ifferent ru!es for the -rantin- of this Permit so #on5t $esurprise# if some a##itiona! re,uirements are ase# for or some of the proce#ures ares!i-ht!y #ifferent.

• 4o to the City 8a!! in the unicipa!ity in "hich your $usiness "i!! operate an#

app!y for a ayor5s Permit. Tae a!on- your TI or SEC certificates

• The fees char-e# "i!! #epen# on the type of $usiness you are settin- up an# the

amount of your pai# up capita! – it shou!# ran-e $et"een P/(000.00 an#P6(000.00 for sma!! operations.


2/10

• &ou "i!! $e -rante# a temporary permit an# you ha)e 60 #ays to comp!y "ith a!!

of their re,uirements "hich are #etai!e# $e!o".

• Contact their Specia! Inspection Team to arran-e a time for them to )isit your

$usiness premises. 3%/ peop!e "i!! come to chec out the $ui!#in- for fire safety(

sanitary an# en)ironmenta! comp!iance an# they "i!! !ea)e a !ist of thin-s younee# to #o an# the permits you nee# to -et.

• O$tain a Sanitary Permit.

• O$tain a ire Safety Permit – you "i!! pro$a$!y $e re,uire# to $uy a fire

e*tin-uisher.

• O$tain a 8ea!th Permit – you "i!! pro$a$!y nee# to ha)e chest 9%ray.

• :isit the En)ironmenta! Officer to chec his concerns an# -et his stamp of

appro)a!

• :isit the Treasury Officer at City ha!! to chec if your capita! is sufficient.

• Re-ister yourse!f or your Corporation "ith the Bureau of Interna! re)enue ;BIR< –

you "i!! nee# to atten# a 3 hour seminar an# "i!! nee# to ha)e a set of Officia!Receipts printe#. Re-istration "ith the BIR costs P'00.00 an# the printin- of theOfficia! Receipts "i!! cost you aroun# P1('00.00.

• Re-ister your $usiness an# any emp!oyees "ith Phi!hea!th.

• Re-ister your $usiness an# any emp!oyees "ith Pa-%I$i-.

• Re-ister your $usiness an# any emp!oyees "ith SSS.

• Tae a!! your permits( re-istrations an# comp!iances to City 8a!! to o$tain your

ayor5s Permit.

Securities and Exchange Commission(Requirements)

DOCUME!"R# RE$U%REME!S &OR RE'%S!R"!%O O& COROR"!%OS "D"R!ERS%S


3/10

• A!! app!ications an# supportin- #ocuments must $e in four ;/< copies an# in A/

si=e $on# paper "ith a co)er sheets.

• ocuments si-ne# a$roa# must $e authenticate# $y the Phi!ippine Em$assy or

Consu!ate in the country "here si-ne#.

• Au#ite# inancia! Statements an# Specia! Au#it Reports must $e certifie# $y an

in#epen#ent Certifie# Pu$!ic Accountant ;CPABOA No. an# the PTR No. of the CPA an# SEC accre#itation of

E*terna! Au#itor if app!ica$!e.

• A!! app!ications must in#icate the Ta* I#entification Num$er ;TIN< of the

incorporators( #irectors>trustees( stocho!#ers>mem$ers for corporations( an#

partners for partnerships.

• orei-n in)estors are a!!o"e# to in#icate passport num$er in !ieu of TIN for

re-istration of a corporation>partnership.

RE'%S!R"!%O O& COROR"!%OS

"* S!OC+ COROR"!%O

,asic Requirements ?hi#e@

+. Name :erification S!ip ;may $e secure# on!ine or at SEC Name

:erification 7nit<

1. Artic!es of Incorporation ;AI< an# By%!a"s ;B<

3. Treasurers Affi#a)it

http://www.sec.gov.ph/gsr/primary/primaryreg.html#table1http://www.sec.gov.ph/gsr/primary/primaryreg.html#table1http://www.sec.gov.ph/gsr/primary/primaryreg.html#table1http://www.sec.gov.ph/gsr/primary/primaryreg.html#table1http://www.sec.gov.ph/gsr/primary/primaryreg.html#table1


4/10

/. oint affi#a)it of t"o incorporators to chan-e corporate name ;not

re,uire# if a!rea#y state# in AI<

"dditional Requirements

• En#orsement>c!earance from other -o)ernment a-encies( if app!ica$!e

• C!earance from other epartment of the CommissionD

• or Corporations "ith more than /0 forei-n e,uityF App!ication orm for

re-istration un#er the orei-n In)estments Act of +GG+ ;R.A. 20/1( as amen#e#<

• En#orsement>c!earance fromF ;a< Phi!ippine Economic Hone Authority ;PEHA< for

app!icant un#er R.A. 2G+6( ;$< Su$ic Bay etropo!itan Authority ;SBA< or C!ar

e)e!opment Corporation ;CC< for app!icant un#er R.A. 2112 an# ;c< Ca-ayan

Economic Hone Authority ;CEHA< for app!icant un#er R.A. 2G11

"* -and and/,uilding/Condominium Unit

+. etai!e# sche#u!e of the property sho"in- the re-istere# o"ner( !ocation(

area( TCT>CCT No.( ta* #ec!aration No.( an# the $asis of transfer )a!ue

;appraise#>maret )a!ue>assesse# )a!ue>=ona! )a!ue< certifie# $y the

treasurer

1. Copy of TCT>CCT an# ta* #ec!aration sheet certifie# $y Re-ister of ee#san# Assessors Office( respecti)e!y

3. atest =ona! )a!ue certifie# $y BIR( if transfer )a!ue is $ase# on =ona! )a!ue


5/10

/. Appraisa! report $y authori=e# appraiser( if transfer )a!ue is $ase# on

appraise# )a!ue ;not more than 6 month o!#<

'. ee# of Assi-nment

6. If property is mort-a-e#( su$mit mort-a-ee>cre#itors certification on the

outstan#in- !oan $a!ance an# "ritten consent to the transfer of property

2. or assi-nment of $ui!#in- "here assi-nor is not o"ner of the !an#( su$mit

!ease contract on !an# an# consent of !an#o"ner to the transfer

. Affi#a)it of 7n#ertain- $y an incorporator of the corporation to su$mit the

proof of transfer to the corporation "ithin the prescri$e# perio#

,* Untitled -ands

• Certification of the Baran-ay Chairman "here the property is !ocate#( an# at

!east t"o ;1< a#Joinin- property o"ners or possessors( attestin- that the su$Ject

!an# ha# $een in the possessors open( peacefu!( continuous an# uninterrupte#

e*c!usi)e possession in the concept of an o"ner for at !east thirty ;30< years an#

the possessor ha# intro#uce# impro)ements thereon( if any

• up!icate ori-ina! or certifie# true copies of the ta* #ec!aration sheets

• atest rea!ty ta* receipts

• Affi#a)it $y the transferor attestin- continuous an# open possession of the

property an# that the property is not tenante#


6/10

• Affi#a)it of Non%Tenancy e*ecute# $y Baran-ay Chairman of p!ace "here the

property is !ocate#

• up!icate ori-ina! or certifie# true copies of any #ee#( con)eyance( mort-a-e(

!ease or other )o!untary instrument affectin- the property recor#e# in the

Re-ister of ee#s for the pro)ince or city "here the !an# is situate#

• Affi#a)it e*ecute# $y the transferor attestin- to theF

o E*istence ;or non%e*istence< of easements o)er the untit!e# property

o Kin#>#escription of the easement an# its !ocation

o Lhether the transferor is the #ominant estate or the ser)ient estate( $y

)irtue of such easements

• 7n#er oath un#ertain- of the transferor>su$scri$er to ans"er for any !ia$i!ity that

the corporation mi-ht incur $y )irtue of the acceptance of sai# property as pai#%

up capita!

• C!earance or certification from the epartment of A-rarian Reform ;AR<

attestin- the fo!!o"in-F

o There is no other c!aimant to the untit!e# !an#

o It has not issue# any Certificate of an# O"nership A"ar# ;COA< o)er

the property to any other party or

o The !an# is e*empt from the co)era-e of the Comprehensi)e A-rarian

Reform Pro-ram ;CARP<

• B!ue Print Sur)ey of the P!an as appro)e# $y the Bureau of an#s


7/10

• etai!e# sche#u!e of the property sho"in- its re-istere# o"ner( !ocation( area(

ta* #ec!aration num$er an# the $asis of transfer )a!ue ;maret )a!ue>assesse#

)a!ue>=ona! )a!ue or appraise# )a!ue<

• atest =ona! )a!uation certifie# $y BIR( if transfer )a!ue is $ase# on =ona! )a!ue

• Appraisa! report $y authori=e# appraiser( if transfer )a!ue is $ase# on appraise#

)a!ue ;not more than 6 month o!#<

• ee# of Assi-nment

• Affi#a)it of un#ertain- to su$mit certifie# true copy of the ori-ina! certificate of

tit!e in the name of transferee%corporation "ithin one ;+< year from the #ate of

receipt of the appro)a! of the app!ication

C* %nventories/&urnitures/ersonal roperties

• etai!e# sche#u!e of the properties sho"in- the #escription an# the transfer

)a!ue certifie# $y the treasurer


D* eav. Equipment and Machiner.

• etai!e# sche#u!e of the property sho"in- the #escription an# transfer )a!ue

certifie# $y the treasurer

• Appraisa! report $y authori=e# appraiser ;not more than 6 month o!#


8/10


E* Shares o Stoc0

• etai!e# sche#u!e of the shares of stoc sho"in- the name of stocho!#er( stoc

certificate num$er( num$er of shares an# the $asis of transfer )a!ue "hether

maret or $oo )a!ue certifie# $y the treasurer

• Au#ite# financia! statements of the in)estee company as of the !ast fisca! year

stampe# recei)e# $y BIR an# SEC

•

ee# of Assi-nment

• Certification $y the Corporate Secretary of the in)estee company that the shares

of stoc are outstan#in- in the name of assi-nor

• Photocopy of the stoc certificate ;present ori-ina! for )erification<

• atest maret ,uotation in ne"spaper or certification from stoc e*chan-e>$roer

as to !atest maret price of the shares of stoc ;if !iste# in the Stoc E*chan-e<

• Affi#a)it of 7n#ertain- $y an incorporator of the corporation to su$mit the

re,uire# proof of transfer "ithin the prescri$e# perio#

&* Motor o 1ehicle

• etai!e# sche#u!e of the motor )ehic!e sho"in- the re-istere# o"ner(

mae>mo#e!( p!ate num$er( chassis num$er( motor num$er( certificate of

re-istration num$er an# maret )a!ue certifie# $y the treasurer

• Photocopy of the Certificate of Re-istration an# !atest Officia! Receipt of

Re-istration ;present the ori-ina! for )erification


9/10

• Appraisa! report $y authori=e# appraiser ;not more than si* month o!#<

• ee# of assi-nment

• Affi#a)it of un#ertain- $y an incorporator of the corporation to su$mit the


'* Sea 1essel/"ircrat

• etai!e# sche#u!e of the )esse!>aircraft sho"in- re-istere# o"ner( re-istry

num$er( technica! #escription( an# appraise# )a!ue certifie# $y the treasurer

• Certifie# true copy of the certificate of o"nership

• Appraisa! report $y authori=e# appraiser ;not more than 6 month o!#<

• Certificate of sea"orthiness>air"orthiness issue# $y appropriate -o)ernment

a-ency


• Affi#a)it of 7n#ertain- $y an incorporator of the corporation to su$mit the


* %ntangi2le

• Photocopy of the System Purchase A-reement or any #ocuments as proof of

o"nership ;for a soft"are<

• Copy of Certificate of Re-istration of Inte!!ectua! Property Ri-hts( minin- permit

for minin- c!aims or ri-hts


10/10

• Appraisa! report $y an accre#ite# appraisa! company or !icense# i!ipino minin-

en-ineer for minin- ri-hts>c!aims ;not more than 6 month o!#<


Documents

Registration Overall Requirements