Setting up a business legal entity in the Philippines is a major milestone for any business owner. Whether you are a Filipino founder or a international investor, the primary goal is to register a corporation Philippines legally to ensure protection. With the recent updates to the Revised Corporation Code, the workflow has become faster through electronic systems like eSPARC.
Step 1: Choosing Your Corporate Name
Your initial task is to verify a unique company name. You must check for its availability via the Securities and Exchange Commission (SEC) online system. Make sure your chosen name does not clash with existing entities. Once cleared, you can hold the name for 30 to 90 days by paying a small reservation fee.
Step 2: Defining Your Articles of Incorporation
Prior to register a corporation Philippines, you should define your capitalization and leadership.
Founders: You need at least two but not more than 15 directors. Interestingly, a One Person Corporation (OPC) is now an option for solo entrepreneurs.
Authorized Capital: For most domestic corporations, there is hardly any specific paid-up capital required by the SEC, except for specialized industries like banking.
Key Officers: You must select a President, a Corporate Secretary (who is a local resident), and a Treasurer (based locally).
Step 3: Online Submission via eSPARC
In register a corporation philippines 2026, the vast majority of the application is completed online. Through the SEC system, you will submit your Articles of Incorporation, By-laws, and required documents. This platform enables the Regular processing track, register a corporation philippines which can issue a Digital Certificate of Incorporation in a single business day provided all information is correct.
Step 4: Post-SEC Requirements
Receiving your Certificate of Incorporation is just the first part. To legally operate register a corporation philippines and register a corporation Philippines completely, you must proceed with the following:
Local Permit: Acquire this from the specific district where your office is situated.
Mayor’s or Business Permit: File for this at the Municipal Hall. This needs a proof of register a corporation philippines address and fire safety inspection.
Tax Compliance: Visit the Bureau of Internal Revenue (BIR) to get your Tax Identification Number (TIN), apply for your books of accounts, and get authority to print official receipts.
Phase 5: Employer Social Agencies
When the corporation starts hiring people, you must to register with government institutions including the Social Security System (SSS), PhilHealth, and Pag-IBIG. Compliance ensures your employees receive legal benefits and protects the company from legal issues.
Final Thoughts
Navigating the steps to register a corporation Philippines requires careful planning and accuracy. While the digital shift has made things easier, many businesses still choose to hire consultants to prevent common mistakes. By following these guidelines, you can establish a solid foundation register a corporation philippines for your business in the vibrant Philippine economy.