Prepare the required

documents for SEC

Registration
The first thing you are required to accomplish is the registration of your business with
the Securities and Exchange Commission or SEC. A partnership (or a corporation) is
obliged to secure a certificate of registration with the SEC to own a license to operate
their business. The basic documentary requirements that need to be prepared are:

 Name Verification Slip (which can be obtained from the SEC’s website if you

prefer to have it before going to an SEC office)

 Articles of Partnership or AP

 A Joint Affidavit of partners to change their partnership name if it has not been

stated in the AP

There are, however, additional requirements depending on the nature of your business.
These requisites may include:

 Endorsement or Clearance from other government agencies. You may check

out this link to know if it’s applicable for your business.

 FIA Form – 105 (for partnerships with a foreigner as a partner)

Obtain a Certificate of
Registration with the SEC
The initial steps can be done online through their website such as checking your
proposed company name’s availability through https://crs.sec.gov.ph/, once verified that
the name is not yet taken, you can then fill out the application form on the same site.
The rest of the application process is listed on that corresponding page, however, this
can all be accomplished at any SEC office as well if you find it more convenient to just
go there and be personally assisted by an employee.
Get a Barangay Clearance
All businesses are required to have a Barangay Clearance according to our Local
Government Code. This clearance is obtained at the local Barangay Office where your
business is or will be located and the fee in securing one, though varies per location, is
often minimal. A Barangay Clearance serves as an assurance that your business
adheres to the standards of the local Barangay and that your business is a community-
friendly company.

Register your business &

employees with the Social
Security System (SSS)
Registering your business and employees (even if they are temporary or provisional) is
mandated and is considered a violation of the Social Security Law if not performed.
Employers are obliged to submit the SSS coverage of a worker within 30 days of his or
her employment. The SSS website (sss.gov.ph) presents comprehensive information on
the responsibilities and obligations of an SSS employer. The following forms must be
completely filled out and submitted to be a registered SSS employer:

 SS Forms R-1 and R-1A

 Photocopy of SEC Articles of Partnership

 Business location sketch or map

 Validated Miscellaneous Payment Return also known as SS Form R-6 or SS

Form R-6 with Special Bank Receipt (proof of payment for the Employer

Registration Plate)
Register with other
government-mandated
agencies
Once your business began its operations and you’ve hired a number of employees,
registration with other government-mandated agencies must follow through.

 The new National Health Insurance Act (RA 7875/RA 9241) is requiring all

employers in the Philippines to register their employees with Philippine Health

Insurance Corporation (Philhealth) and to remit their share of contribution to the

said agency. Registering your employees ensure that they are going to be covered

by this health insurance which can help greatly in reducing hospitalization costs

and their other health care needs.

 Pag-IBIG FUND. As stated in RA 7742, SSS members who earn at least

Php4,000 per month must be registered with the Home Development Mutual Fund

(HDMF) which is the agency that administers the Pag-IBIG Fund. This agency

works towards providing its members with sufficient housing (loans) through an

effective saving scheme.

NOTE: Registration with the Department of Labor and Employment (DOLE) is also a

must for business operations with five or more employees.
Obtain a Mayor’s/Business
Permit
This document can only be acquired after securing a Certificate of Registration from
SEC, Barangay Clearance, and registration with the SSS since these documents would
be required to get a business permit. The fees, requirements, and processes may vary
in different local offices. Fees for new applicants may depend on their starting capital
while charges for renewals depend on the applicant’s prior year gross revenues or
sales. Here are the basic requirements in obtaining a Mayor’s Permit:

 Business Permit Application Form

 Barangay Clearance

 Certificate of SEC Registration

 Public Liability Insurance (for Restaurants, Cinemas, Malls, etc.)

 Authorization Letter of the owner/s with ID

 Contract of a lease (if renting a space) or land title/tax declaration (if you own the

place of business)

 SSS Certification or Clearance

 Community Tax Certificate or CEDULA

Depending on the type of business, other documents may also be required. Business
permits are renewed every year.

Register with the Bureau of

Internal Revenue (BIR)
A Mayor’s Permit must be submitted before processing a Certificate of Registration with
the BIR since Mayor’s permit is actually a requirement to obtain such a certificate.
Registering with the Bureau of Internal Revenue will give you permission to issue official
receipts, register books of accounts, and (for partnerships and corporations) to obtain a
separate Tax Identification Number.