Register the business name at the

Securities and Exchange Commission

Starting-up(SEC) a Partnership
Business

Obtain a Barangay Clearance

Obtain permit from the Mayor’s Office

Register with Social Security

 Register your business with the
Bureau of Internal Revenue (BIR)

END
1. Register Your Business Name at the Securities and Exchange Commission
(SEC)

If you are registering a corporation or a partnership firm, then you have to register your company
name at the SEC. It is the government agency responsible for the securities law and regulating the
securities industry in the Philippines. After registering, you must secure a Certificate of Registration
from the SEC in order to have the license to operate a business.

2. Obtain a Barangay Clearance

In the Philippines, all the businesses must obtain a Barangay Clearance from any local Barangay
office where the business is located. A clearance will assure that your business is a community
friendly establishment and conforms to the standards of the Barangay.

3. Register with the Social Security System (SSS)

Companies who hire employees must register their business and employees with the SSS.
Registering your employee with the SSS ensures that, as an employer, you are lawfully remitting your
employer’s contribution to the agency for the benefits of your employees. Not registering your
employees with the SSS is regarded as violating the Social Security Law.

4. Obtain Permit from the Mayor’s Office

After securing Certificate of Registration, Certificate of Barangay Clearance and registration with the
SSS, the next step is to register and obtain a permit from the local Municipality closer to your office.
The permit affirms that your business is compliant with the municipality or city’s ordinances and
standards such as sanitary, fire and safety and other clearances.

5. Register Your Business with the Bureau of Internal Revenue (BIR)

A Certificate of Mayor’s Permit must be submitted prior to the issuance of the BIR Certificate of
Registration. Registering with the BIR will give you an authorization to print official receipts, register
books of accounts and obtain a separate Tax Identification Number (for partnerships and
corporations). BIR registration fee is 500 pesos annually.
Documents Required to Set Up a Partnership in the Philippines
1. Basic Requirements

 Name Verification Slip

 Articles of Partnership (AP)
 Joint Affidavit of two partners to change partnership name (not required if already stated in AP)
 Registration of data-sheet
 Certificate of Bank Deposit
 Name of the partnership
 Principal office address
 The contact number of the partner
 Name, citizenship, address, birthday and Taxpayer Identification Number (TIN) of the partners
 Capital contribution of the partners
 Purpose of the partnership

2. Additional requirements

 Endorsement/clearance from other government agencies, if applicable

 For partnership with a foreign national as a partner (FIA Form - 105)

Note: For a limited partnership, the word “Limited” or “Ltd” should form part of the partnership name.