Registration is a three to six-step process. Depending on the circumstances, an investor must register with the:
Securities and Exchange Commission (SEC) for associations and corporations
Cooperative Development Authority (CDA) for cooperatives
Department of Trade and Industry (DTI) for Business Name Registration
Board of Investments (BOI) for projects of P5M up
Local Government Units (LGUs) for Mayor's permit and license
Bureau of Internal Revenue.
When feasible and considered desirable by the Board of Investments, registered enterprises may be required to list their shares of stock in any accredited stock exchange or capital stock to the public and/or their employees.
1.All applications and supporting documents must be in six (6) copies and have cover sheets
2.Documents signed abroad must be authenticated by the Philippine Embassy or Consulate in the country where signed.
3.All audited Financial Statements and special audit reports must be certified by an independent Certified Public Accountant (CPA), with Statement of Representation filed with the SEC. Said Statement must indicate the CPA Cert. No., PRC/BOA No. and the PTR No. of the CPA.
4.All applications must indicate the Tax Identification Number (TIN) of the signatories.
FOR CORPORATIONS AND PARTNERSHIP - Foreign and domestic corporations and foreign partnerships may apply for registrations with the Securities and Exchange Commission for the Certificate of Authority to engage in business in the country.
Registration Requirements:
Corporations/Parnerships
1.Articles of Incorporation/Partnership
2.Name Verification Slip
3.Bank Certificate of Deposit
4.ACR/ICR,SIRV (Special Investors Resident Visa) Visa #13 of the alien subscribers
5.Proof of Remittance (for non-resident aliens)
6.Registration Data Sheet
7.Treasure's Affidavit
Foreign Corporations
1.Name Verification slip
2. Certified copy of Board Resolution authorizing establishment of an office in the Philippines; designating the resident agent to whom summons and other legal processes may be served in behalf of the foreign corporations; and stipulating that in the absence of such agent or upon cessation of its business in the Philippines, the SEC shall receive any summons or legal processes as if the same is made upon the corporation at its home office.
3.Finacial Statements foir the immediate preceding year at the time of filing of the application, certified by an independent Certified Public Accountant of its origin.
4.Certified copies of the Articles of Incorporation/Partnership with an English translation thereof if in a foreign language.
5.Proof of Inward Remittance
6.Foreign Company Information Sheet
If applicable, clearance from other involved agencies, DOST, DND.
Where to File
Securities and Exchange Commission (SEC) SECBuilding, EDSA, Greenhills MandaluyongCity, Metro Manila Philippines
Tel Nos. (632) 726-0931 to 39
Fax No. (632) 725-5293
Securities and Exchange Commission (SEC) Cebu Extension Office
Jones Avenue (Infront of Cebu Doctor’s Hospital) 6000 CebuCity
Coverage-Total amount of Paid-up Capital + Membership Fees
6.Certification of the Conduct of PMES of Cooperative
7.Certification signed by the Chairman as to the Availability of a Core Management Team (Manager, Treasurer, Bookkeeper)
8.Articles of Cooperation duly notarized and signed by all cooperator in all pages of the document (left or right side portion)
9.Treasurer’s Affidavit
10.Affidavit of Non-Relationship
11.By-Laws
12.Certification that an Internal Control System has been installed.
13.Registration Fee-1/10 of 1% of the Authorized Capital or minimum of P500.00 (whichever is higher) in Postal Money Order payable to THE TREASURY OF THE PHILIPPINES, CebuCity
14.Verification slip/request
15.Undertaking to comply reportorial requirements.
16.Undertaking to change name
17.Verification Fee – P50.00
CDA Memorandum Circular No. 02-03, Series of 2002 thereby amending Memorandum Circular No. 92-004, Series of 1992 provides the schedule of fees as follows:
TYPE OF COOPERATIVES
PAID-UP CAPITAL
FEES
Laboratory Cooperatives
NO Registration Fees
Primary Cooperatives
P2,000.00 – P500,000.00
P500,001.00- up
P500.00 **1/10 0f 1% of the paid-up share capital
Seconday Cooperatives
P2,000.00 – P 500,000.00 P500,001.00- up
P1,000.00 **1/10 of 1% of the paid-up share capital
Tertiary Cooperatives
P3,000.00
Where to File
Cooperative Development Authority (CDA) National Capital Region (NCR) 6/F Ben-lor Bldg. 1184 Quezon Avenue, Quezon City Tel (02) 373-6896; Fax (02) 373-6895
Applicant must be a Filipino citizen, 18 (per R.A. 6809) years of age or over, with 2 copies of his/her latest passport size photo.
Application must be signed pesonally by the applicant otherwise a special power of attorney is required.
Submission of one(1) preferred business name and three (3) alternative business names when true name is not used for Business Name.
Latest Franchise Agreement for Franchise Holders.
If family name is suggestive of alien nationality, submit proof of citizenship, Ex. PRC ID, Birth Certificate or Voter's ID.
Registration Fee - P300.00
Partnership/Corporation Partnership and corporations and other judicial entities should submit the following documents. (For original and Renewal Application.)
One (1) set of SEC Registration Certificate, Articles of By Laws of the Corporation.
One (1) copy of Board Resolution or Secretary's Certificate designating authorized representative to sign in behalf of corporation.
Submission of one(1) preferred business name and three (3) alternative business names when true name is not used for Business Name.
Registration Fee - 500.00
Alien Retailers (RA 1180) Aside from the aforecited basic requirements, submit the following:
Alien Certificate of Registration (machine copies including the reverse side)
Latest permit to engage in retail business per R.A. 1180.
Foreign Investors: SINGLE PROPRIETORSHIP
1. The applicant must be of majority age (18 years or over)
2.He must submit two (2) passport size pictures of himself taken not more than one (1) year preceding the filing of such application
3.If an alien, he must submit the following:
a)Accomplished DTI Form No. 17 under R.A. 7042
b)A written appointment of Filipino resident agent
c)Authority to verify bank accounts/bank certificate of deposit
d)Proof of inward remittance of foreign currency for non-resident alien
e)Copy of evaluation report from Central Bank if investment includes assets other than foreign exchange
f)Clearance from other involved agencies such as DOST, PNP, etc. (If applicable)
Foreign Investors: CORPORATION/PARTNERSHIP
Certificate of authority to engage in business in the Philippines under R.A. 7042 (Foreign Investment Act) issued by the Securities and Exchange Commission (SEC).
Cooperatives
To be registered first with the Cooperatives Development Authority (CDA), and requirements are the same as with Partnership/Corporation
REGISTRATION PROCEDURES
DURATION
Payment and Filling up of Application Forms.
1 hour
Processing of Application (Requirements and Data)
1/2 day
Verification of Business Name at Bureau of Trade Regulation and Consumer Protection (BTRCP), Manila
2-3 weeks
Transmittal of Approved/Disapproved BN
2 days
Preparation, Signing and Inspection of Certificates
1 hour
Indexing of Approved Business Certificates
1 hour
Issuance of Approved BN
30 min.
Total Processing Time
15 days
Where to register Department of Trade and Industry
Bohol Provincial Office
2nd Floor, FCBBuilding, CPG Avenue Tagbilaran City, Philippines
Legal BasisOmnibus Investment Code of 1987 Executive Order No. 226
Requirements
I. OFFICIAL FILING FOR NEW PROJECT
A. An application is considered officially filed upon submission of the complete set of documents (prescribed application form duly accomplished, project report and such other documents which may be required and upon payment of the required filing fee).
B. Required number of copies
1. For enterprises wishing to register with the Board of Investment.
i. Two(2) copies of BOI Application Form No. 501
ii. Two(2) copies of project reports and supporting documents
2. For existing enterprises covered by rationalization, rehabilitation and/or modernization programs: application requirement is to be determined on a sector by sector basis at the time of implementing each program.
II. FEES
1. Filing Fees for Application for Registration
a) Book I
1. Project cost not exceeding P4million - P 1,500.00
2. Project cost exceeding P4 million but not over P20 million - P 3,000.00
3. Project costs exceeding P20 million but not over P50 million - P 4,500.00
4. Project costs exceeding P50 million - P 6,000.00
2. Fee for Certificate of Registration ................1/10 of 1% of project cost but not less than P 3,000.00 and Not to exceed to P 15,000.00
* Additional P 10.00 per P.D. 200 as amended by P.D. 1856
PROCEDURES FOR THE ISSUANCE OF CERTIFICATE OF REGISTRATION UNDER BOOK 1 OF E.O.226
1. Official filing of a duly accomplished BOI Form No. 501 complete with supporting documents and payment of filing fee;
2. Evaluation of application and preparation of an evaluation report (including Publication of Notice of Filing of Application, referral to the private sector and plant visit, if necessary);
3. Presentation to the BOI Management Committee;
4. Confirmation by the BOI Executive Board;
5. Preparation of letter advising applicant of the Board Action
5.1 If approved, Industry Group prepares a letter of approval including pre-registration requirements;
5.2 If denied, Industry Group sends denial letter;
6. If applicant requests for waiver on pre-registration requirements:
6.1 Industry Group prepares memorandum to the Board
6.2 Board Confirmation
6.2.1 If request is given due course, step no.8 takes place;
6.2.2 If request is denied, step no. 7 takes place;
7. Applicant complies with the pre-registration requirements;
8. Preparation and issuance of Certificate of Registration upon payment by applicant of Registration Fee;
1. Community Tax Clearance - currently issued from the City Treasurer’s Office Tagbilaran (original copy and 1 xerox copy only)
2. Barangay Clearance - from the Barangay where business establishment or activity is located
3. Tax Clearance - from the City Treasurer’s Office showing that the operator has paid all taxes obligations in the city.
4. PIN - from the City Assessor’s Office
5. DTI Registration
6. Affidavit of Capital
Other Requirements (Case to Case Basis):
1. SEC Registration & By Laws (photocopy)- for Corporations and Partnerships
2. CDA Registration & By Laws (photocopy) – for Cooperative
3. License to operate from BFAD, CAMPCRAME, DECS, TESDA, DENR (ECC), DOT & ETC.
4. Lease Contract- all vendors at the City Public Markets (Cogon, Manga, Fish Port Terminal, City Central Market and Integrated Bus Terminal) - all who are just renting spaces for their business
5. Photocopy of the Mayor's Permit "Real Estate Lessor" from the owner of the building or lot rented– for those business permit applicants who are renting/leasing a space, building or land not own by the applicants.
6. Photocopy of the Certificate of Occupancy - from the City Engineer’s Office, if building is newly constructed or renovated.
Requirements for Employees of Business Establishment to be registered.
Barangay Clearance where business establishment is located
Community Tax from TagbilaranCity (xerox copy only)
Police Clearance from TagbilaranCity
Health Certificate from the City Health Office
RENEWAL OF BUSINESS PERMIT
Requirements:
Previous Mayor's Permit
Barangay Clearance-from the barangay where business establishment or activity is located
Community Tax Certificate - currently issued from the City Treasurer’s Office Tagbilaran (xerox copy only)
Tax Clearance - from the City Treasurer’s Office showing that the operator has paid all tax obligations in the city
SSS Certification - from SSS Office, TagbilaranCity SSS Coverage
Tax Identification Number (TIN)
Other Requirements (Case to Case Basis):
1. Lease Contract -all vendors at the City Public Market (Cogon, Manga, FishPort Terminal, City Central Market and Integrated Bus Terminal)
2. Photocopy of the Mayor's Permit "Real State Lessor" from the owner of the building or lot rented– for those business permit applicants who are renting / leasing a space, building or land not owned by the applicants.
3. Photo copy of the Certificate of Occupancy– from the City Engineer’s Office, if building is newly constructed or renovated.
Requirements For Employees of Business Establishments
Barangay Clearance where business establishment is located
Community Tax from TagbilaranCity (Xerox copy only)
b.In case the applicant is the registered owner of the lot:
1.Certified true copy of TCT (5 copies)
2.Tax Declaration (5 copies)
3.Current Real Property Tax Receipts (5 copies)
c.In case the applicant is not the registered owner of the lot:
1.Requirements b1 to b3
2.Duly notarized copy of the Contract of Lease (5 copies) or
3.Duly notarized copy of the Deed of Absolute Sale (5 copies) or
4.Duly notarized copy of the Contract of Sale (5 copies) or
5.Affidavit of Consent from the Registered Owner (5 copies) or
6.Affidavit of Consent from all the registered heirs (5 copies)
4. Location Plan ( from the Assessor’s Office) (3) copies
5. ECC (ENVIRONMENTAL CLEARANCE CERTIFICATE):
a.For projects required under DENR regulations (5 copies)
6. ATO (AIR TRANSPORTATION OFFICE) CLEARANCE
a.For projects required under Rule XVII, (Construction of Buildings/Structures within Approach/Departure Zones of Runways of Airports) and Rulr XVIII, (Maximum Height of Buildings/Structures), (PD 1096). (5 copies)
7. Affidavit of Setback:
a.Indicating the minimum specific setback distance from the center lane of the road. (5 copies)
8. Regular Documents:
a.Completely filled up five (5)(sets) of Building Permit Applications, signed and sealed by a duly licensed architect or civil engineer.
b.Completely filled up five (5)(sets) of Sanitary and Plumbing Permit applications, signed and sealed by a duly licensed sanitary engineer or master plumber
c.Completely filled up five (5)(sets) of Electrical Permit applications, signed and sealed by a duly licensed professional electrical engineer.
d.Completely filled up five (5)(sets) of Mechanical Permit applications (when required), signed and sealed by a duly licensed professional Mechanical Engineer
e.Five (5) sets of Plans, Bill of Materials and Specifications, signed and sealed by a duly licensed professional of his/her specific field.
f.Three (3) sets of FIRE AND LIFE SAFETY MASTER PLAN signed and sealed by a duly licensed architect.
9. Structural Analysis/Computations:(3copies)
a.For buildings/structures 2 storey and above, signed and sealed by a duly licensed structural engineer, architect, or civil engineer.
10. Photo Copy of unexpired PRC ID and the Current Professional Tax Receipt of the duly licensed
professional of their specific fields. (2 copies)
Where to File Bureau of Internal Revenue District Office
2/F Judge Uy Building
Corner B. Inting & M. Torralba Sts., Tagbilaran City
Phone (63-38) 411-2012, 411-3940
Requirements
Location sketch of firm or production plant
Photocopy of Mayor's Permit/Municipal License
Photocopy of TIN or TIN application
Copy of Certificate or Registration (BIR Form 1556) for branch
Additional requirements for registration of storage place/premises
Year-end inventory
of on-going business
Photocopy of Certificate of Registration for head/branch
For new business: List of Investories
Additional requirements for excise taxpayers:
1. Photocopy of Lates Income Statement
2. Photocopy of plant lay-out or blue print
3. Photocopy of Sanitary Permit/or BOI which ever is applicable
4. Photocopy of Surety Bond provided under Sec. 160of the NIRC
Procedure:
Secure Form No. 1556-A at the RRU, BIR
Complete all the requirements
Submit all the requirements & forms in triplicate before the start of the business
Follow up applicationi after 5 working days
Fill up Form No.1558 in triplicate copies if approved
Payment of Annual Registration Fee at accredited bank or authorized Municipal Treasurer.
Receive duplicate copy of validated Annual Registratioin Fee Return or Official Receipt
Register book of accounts, sales invoices, official receipts, inventories
Display original copies of Certificate of Registration.
Six (6) copies of Survey plans duly signed bu the applicant and approved by CENRO concerned, also signed and sealed b\y a Registered Geodetic Engineer
Six (6) copies of Topographic Map, Scale-1: 10,000
Six (6) copies of Project Description signed by the preparer, endorsed by the project proponent, and duly notarized
Six (6) copies of land use map
Six (6) copies of documentation of the area with picture
Six (6) copies of endorsement from the LGU where the project is located
Six (6) copies of CENRO certification that the area applied for is free from conflict. (if not titled)
Impact Management Plan
Environmental Monitoring Plan of the proponent
PMAPS (downloadable at www.emb.gov.ph)
Zoning Clearance/variants
Vicinity/Location Map
Procedure
1. Submission of all requirements to DENR Environmental Management Bureau (EMB) Bohol, then DENR will be the one to submit all the requirements to the DENR Regional Office. Filling Processing Fee - P4,000.00
Requirements for Pollution Clearance
1.Locational Clearance from Housing Land Use & Regularatory Board or Certification from the local government that the plant site does not violate local government ordinance
2.Vicinity map or location map
3.List of equipment/machineries including complete specifications
4.Project description and Flow Sheet of manufacturing process
5.Letter of request for clearance indicating the agency requirement applicant to secure said clearance and for what purpose
Where to File SSSBuilding, CPG Avenue TagbilaranCity
Phones (63-38)411-3093; 411-3934; 411-5477
Forms 1. SSS Form R-1 (Revised 1979)
Employer's Data Record
2. SSS Form R-1A (Revised 1973)
Report of Employee Members
Requirements 1. DTI Registration
2. SEC Registration and Article of Incorporation for corporations and partnership
Procedure 1. Secure and accomplish forms 1&2
2. Submit accomplish forms together with the requirements
3. For employees without SSS Number, accomplish SSS Form E-1
4. Endorsement of application to SSS head office
5. Head office issues SSS numbers
6. Regular payment of SSS contributions to accredited banks
For inquiries and assistance, contact the SSS Assistance Unit at (63-2)923-2424 or the SSS branch office near you, or visit our website at www.sss.gov.ph
@2010 Bohol Investment
Promotion Center. All Rights Reserved. BIPC Web Developer
BOHOL INVESTMENT PROMOTION CENTER OFFICE OF THE GOVERNOR Capitol Building, Marapao Street , Tagbilaran City, 6300 Philippines Telephones: (038) 412-4559, 235-6039 Telefax: (038) 501-8063
