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How to Open a Company in the Philippines
For the other types of business registrations all are being transacted through the Securities and Exchange Commission SEC.
The first step with each kind of setup is to reserve the business name. This is crucial in the filing out of all the the other documents you will need during the registration process.
Name reservation is done at the SEC on the third floor. Usually reservation can take place instantly, however sometimes if the name is too closely related to another business name, you will need to request a manual override of the name, which could take up to 5 days to have complete.
After you have your name reservation in hand, you fill up the application requirements. There is a slight variation between company structures here, but they are all quite simple to comply with. Either articles of incorporation or partnerships for new corporations. For existing companies you need to submit all the documents showing your company exists abroad. Articles of Incorporation, Financial Statements and an authority from the company to open an office in the Philippines, these must be authenticated in the nearest Philippine Embassy to the host country for verification.
Once the name reservation is made the treasury account must be set up in a local bank. This is a pretty simple process but I'll go over it in another post. Depending on which formation you are setting the amount needed in the treasury will vary. Once the amount is deposited the bank should issue you a certificate of remittance or deposit on the funds.
Take the six copies application requirements, name reservation, and bank certificate to the 2nd floor of the SEC to the Monitoring and Regulation Dept. Once you have it stamped and received, you can go downstairs to the first floor and pay the cashier. After you have paid you will get a receipt and take it across the hall to the receiving room. Finally once it is stamped and received you must wait 3-5 business days for certificate of registration release. They will provide you a contact number to check if the documents have been released already.
It is actually a relatively simple process once you have prepared the registration requirements.
Source: http://www.tripleiconsulting.com/main/philippines-business-guides-tips-and-news-blog/157-how-to-open-a-company-in-the-philippines
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