Government Agencies You Need To Know When Getting Your Philippine Business Registration In Order

If you are planning to start a company in the Philippines, the very first thing to do is sign up. Doing this will allow you to avoid legal problems once you start operations. Otherwise, your competitors can be certain if you have the many necessary registrations. In case you don't and they identify, they are able to notify the authorities. This can result in disruption, hold up, or even worse, termination to your enterprise.

As an initial step to Filipino Business Registration Philippines , you need to know which government agencies you need to register with. This informative article will discuss who these kind of government agencies are.

The first thing to do is for any certificate of registration to your business name. The agency that you need to go see first depends on your business set-up. To get a single proprietorship, the Department of Trade and Industry (DTI) has to be your agency. If your business is a partnership or a corporation, top the Securities and Change Commission (SEC). If your primary business is a cooperative, you must featuring Cooperative Development Authority (CDA).

Once you get your certificate associated with registration, you will need to visit a few workplaces. Your first stop is always to secure a barangay clearance in the Barangay Hall of the area you intend to operate in. If you can be doing business from inside a village or subdivision, it is required that you visit the Homeowners Association office. You have to acquire this particular clearance. After getting the necessary permits, start working on the Municipality or Town Hall. Here you can process your business permit. Once you have accomplished this, that Bureau of Internal Income (BIR) is actually next in line. It's where you will apply for a business taxpayer identification number (TIN). While you are there, additionally, you'll need to register ones accounting books, point-of-sales (POS) machines and receipts.

Once you have reached this stage to your Philippine business registration, you can start operating legally. Nevertheless, this is not the end of ones trademark registration. Philippines government requires that you register your employees and yourself to other government agencies.

You have got to secure an SSS number to suit your needs and your employees in the Social Security System (SSS). If your business involves five employees or higher, you must also register at your Department of Labor and Employment (DOLE). As mandated through the Republic Act 7742, a great SSS member with monthly salary of at least Php 4, 000, must make himself known to the Home Development Good Fund (HDMF). That Pag-Ibig Fund is administered by this agency.

For an employer, you are also required to register your employees along with the Philippine Health Insurance Corp. (PhilHealth). The new National Health Insurance Act (RA 7875 and RA 9241) stipulates that clearly. PhilHealth is a agency that manages and administers medical care system of the federal government.

Philippine business registration is not really all that difficult. For many, it might be confusing. You can not worry about this because these agencies are here to help and assist you. Once you get lost in the process of your Philippine company registration, you can always go to them for advice.

Published January 17th, 2012

Tags: Philippine, business, registration, trademark, Philippines