Setting up a business legal entity in the Philippines is a major milestone for any investor. Whether you are a Filipino founder or a international investor, the primary goal is to register a corporation Philippines correctly to ensure protection. With the recent updates to the Revised Corporation Code, the procedure has become more streamlined through electronic systems like eSPARC.
Step 1: Reserving Your Corporate Name
Your initial task is to decide on a unique corporate name. You must check for its availability through the Securities and Exchange Commission (SEC) eSPARC portal. Ensure your chosen name does not conflict with existing registrations. Once approved, you can reserve the name for 30 to 90 days by paying a small reservation fee.
Phase 2: Drafting Your Articles of Incorporation
When you register a corporation Philippines, you must define your capitalization and management.
Founders: You need a minimum of 2 but not more than fifteen directors. Keep in mind a One Person Corporation (OPC) is currently an option for solo entrepreneurs.
Capital Requirements: For typical domestic corporations, there is hardly any specific paid-up capital demanded by the SEC, except for regulated industries like insurance.
Key Officers: You must designate a President, a Corporate Secretary (who must be a Filipino citizen), and a Treasurer (resident in the Philippines).
Phase 3: Digital Filing via eSPARC
In 2026, the entirety of the registration process is completed online. Through the eSPARC system, you will input your Articles of Incorporation, By-laws, and other documents. The system allows for the Regular processing pathway, which often issue a Digital Certificate of Incorporation within a few business days provided all information is correct.
Step 4: Post-SEC Requirements
Obtaining your SEC Certificate is just the first register a corporation philippines part. To legally operate and register a corporation Philippines successfully, you must proceed with these local permits:
Local Permit: Obtain this from the specific district where your office is located.
Mayor’s or Business Permit: register a corporation philippines Apply for this at the Municipal Hall. This needs a lease contract and fire safety inspection.
BIR Registration: Visit register a corporation philippines the Bureau of Internal Revenue (BIR) to obtain your Tax Identification Number (TIN), apply for your books of accounts, and secure authority to print official receipts.
Phase 5: Government Contributions
Once your corporation starts employing people, you must to register with social agencies register a corporation philippines including the Social Security System (SSS), PhilHealth, and Pag-IBIG. Compliance ensures your employees receive mandatory benefits and safeguards the company from penalties.
Summary
Managing the steps register a corporation philippines to register a corporation Philippines needs careful planning and attention to detail. While the digital transition has made things easier, many startups still prefer to consult legal experts to prevent delays. By following these steps, you can establish a strong foundation for your venture in the growing Philippine economy.