Government Agencies You Ought To Know If Acquiring Your Philippine Business Registration In Order
If you’re going to begin a small business in the Philippines, the primary matter for you to do is register. Doing this will assist you to avoid legal problems whenever you start operations. Or else, the competitors can easily find out if you have each of the necessary registrations. When you don’t and so they find out, they can advise the government. This can lead to disruption, delay, or even worse, end of the venture.
As an initial phase to Philippine business registration, you should consider which government agencies you must sign up with. This short article will go over who these government agencies are.
The first thing to do is to obtain a certification of registration for your own company name. The bureau that you must visit to begin with will depend on your enterprise set-up. For any solo proprietorship, the Department of Trade and Industry (DTI) will be your bureau. But if your firm is a joint venture or maybe a group, visit the Securities and Exchange Commission (SEC). But if your company is a cooperative, you ought to proceed to the Cooperative Development Authority (CDA).
Whenever you obtain your certificate of registration, you must visit a variety of offices. A starting point could be to obtain a barangay certificate on the Barangay Hall of the locale you want to put up the company. If you are doing business from the inside of a village and / or subdivision, it is necessary that you drive to the Homeowners Association office. You will want to gain that clearance. Once you have the necessary permits, proceed to the Municipality or City Hall. Right here you can actually take the process for your company permit. After you have attained this method, the Bureau of Internal Revenue (BIR) is without a doubt next in line. That’s usually where you may apply for a small business taxpayer identification number (TIN). When you’re there, furthermore you will have to sign up your own sales books, point-of-sales (POS) equipments together with receipts.
Once you’ve achieved this phase of your Philippine business registration, you’ll be ready running officially. On the other hand, this isn’t the end of the trademark registration. Philippines authorities demands that you enroll your workers in addition to yourself to other government departments.
You have to obtain an SSS number for you plus your employees from Social Security System (SSS). But if your small business includes 5 staff or higher, you ought to furthermore sign up at the Department of Labor and Employment (DOLE). As advised by the Republic Act 7742, an SSS member with a monthly earning for a minimum of Php 4,000, have to make himself acknowledged to the Home Development Mutual Fund (HDMF). The Pag-Ibig Fund is run with this bureau.
For being an employer, you will be likewise expected to sign up your workers with the Philippine Health Insurance Corp. (PhilHealth). The New National Health Insurance Act (RA 7875 / RA 9241) stipulates this certainly. PhilHealth is the bureau which deals with and supervises the health care strategy of the government.
Philippine business registration isn’t really all that troublesome. For some, it may be difficult. You mustn’t worry about this since these departments are usually here to help and assist you. As you get lost in the entire process of your Philippine business registration, it is easy to head over to them for guidance.
Carmine Lombardi is a single proprietor who wishes to know the procedures of Philippine business registration and would like to see for himself how easy trademark registration Philippines can be.
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