REGISTRATION OF BUSINESS ENTITIES

1. Single Proprietorship/ Business Name Registration

i. Must be a Filipino citizen, at least 18 years old

ii. Filipinos whose name are suggestive of alien nationality must submit proof of citizenship such as birth certificate, PRC ID, voter’s ID, passport

(a) if the applicant has a foreign sounding name, acquired Filipino citizenship by naturalization, election or by other means provided by law, he must submit proof of his Filipino citizenship such as:

– Naturalization certificate and Oath of allegiance,

– Valid ID card issued by the Integrated Bar of the Philippines (IBP) or Professional Regulatory Commission (PRC)

iii. Processing Fee of P300.00 and P15 Documentary Stamp

i. Interview sheet with interviewer’s findings and recommendation

ii. Duly Accomplished Forms:

iii. Form #16- Business Name Application Form #17- Foreign Investor’s Application

iv. ID pictures (Passport Size) a. Foreign Investor – 7 copies b. Filipino resident agent -7 copies

v. ACR / ICR, Special Investors Resident Visa (SIRV) or passport

vi. Notarized Appointment of Filipino Resident Agent

vii. For Non-Resident Alien : Proof of Inward Remittance of Foreign Currency with Peso Conversion For Resident: Bank Certificate of Deposit

viii. Authority to verify Bank Accounts/Bank Certificate of Deposit ix. Certification from Resident Alien not seeking Remittance of Profits and Dividends Abroad

x. If investment includes assets other than foreign exchange, copy of valuation report from Central Bank.

xi. Clearance/Certification from other involved agencies ( ) PNP / DND – if engaged in defense-related activities ( ) DOST – if investment involves advanced technology

xii. Fees/Charges – In Cash : For Business Name Registration Certificate a. Single Proprietorship – P300.00 b. Filing Fee – P500.00 c. Registration Fee – P5,000.00

xiii. Biodata of Foreign Investor

xiv. In case of alien retailer, current year’s permit to engage in retail business per RA 1180 (Amended by RA 8762 – Retail trade rationalization of 2000)

Additional requirements on case-to-case basis depending on actual examination and processing of the application. (i.e., If business requires practice of profession: submit photocopy of Philippine Regulation Commission (PRC) license or Integrated Bar of the Philippines membership and present original copy for comparison and contract of employment (If applicable)

i. Check online (from a hyperlink at DTI Website: (http://www.dti.gov.ph) if the business name you like to register is still available.

ii. Fill-out the application form (copies can be obtained from DTI-Field offices and also available online). Indicate at least three (3) preferred business names

iii. Submit application form together with the documentary requirements, and pay corresponding fees to appropriate DTI-field Offices (DTINCR for businesses within metro Manila or DTI-Provincial Offices for businesses outside the Metro Manila. Online lodgment of form is available to some DTI-field offices that have stable internet access.

iv. After evaluation of the application form and documents, applicant will be advised accordingly (personally for those walk-in clients and an auto e-mail notification for those who lodged online.

v. Issuance of Certificate of Registration

The Certificate of Business Name Registration is valid for 5 years and shall be valid only at the business address indicated thereon. In the event the registered owner thereof should opt to open branch offices within the Philippines, he must apply for separate registration for each of the branch office so established.

One (1) Day – Application filed at National Capital Region (NCR) And some online DTI-Field Offices Five (5) Working Days – Application filed in other at DTI-Field Offices

National Capital Region Business Center:

AREA I- Manila, Pasay, Paranaque 2nd Flr., Park and Ride Lawton, Manila Tel. No. 536-7153

AREA II- Makati, Pasig, Pateros, Taguig, Muntinlupa, Las Piñas Unit 208 2nd Floor, Atrium Bldg., Makati Ave., Makati City Tel. No. 864-0847 or 864-0829

AREA III- Mandaluyong, Marikina, Quezon City, San Juan Ground Floor Highway 54 Plaza, Mandaluyong City Tel. No. 706-1767 or 706-1703

AREA IV- Caloocan, Malabon, Navotas, Valenzuela 5th Floor, Araneta Square, Monumento, Caloocan City Tel. No. 362-7664 or 332-0854 For businesses outside of Metro Manila: Proper DTI Provincial Office where business is located

2. DOMESTIC CORPORATION

Documentary Requirements

i. Name Verification Slip

ii. Articles of Incorporation and By-laws

iii. Treasurer’s Affidavit / Authority to verify bank account

iv. Bank Certificates of Deposit notarized in place where bank

signatory is assigned

v. Written joint undertaking to change corporate name signed by

two (2) Incorporators / Directors

vi. Endorsements / Clearances from other government agencies if to

engage in any of the following :

• Air Transport – CAB

• Banking, pawnshops and other financial intermediaries with

quasi- banking functions-BSP

• Educational institutions

- Elementary to high school – DEPED

- College, Tertiary course – CHED

- TechnicalVocational Course – TESDA

• Electric power plants – DOE

• Hospitals-DOH

• Insurance-Insurance Commission

• Operation of radio, TV and telephone – NTC

• Recruitment for overseas employment – POEA

• Securities Agency – PNP

• Water Transport, construction and building of vessel – MARINA

Application Procedure For Online Registration :

i. Verify/reserve proposed name via internet using SEC i-register

ii. If reservation is complete, register the company via the internet using the SEC I-register. Note 1: File Directly to SEC if clearance from other government agencies is required. Refer to letter g (clearances) Note 2: File Directly to SEC if secondary license is required

iii. If online registration is complete, downloads/prints the Articles of Incorporation and By-Laws

iv. Pays the required filing fee (online or through the SEC cashier)

v. Presents the signed and notarized documents to CRMD

vi. Claims Certificate of Registration from Releasing Unit of Records Division

Filed Directly With SEC :

i. Verify/reserve proposed name via internet using SEC I-register

ii. Prepares Articles of Incorporation and other required documents

iii. Presents accomplished forms/docs for pre-processing at CRMD

iv. Presents endorsement to the agency concerned, if endorsement is given by the concerned agency includes the endorsement in the registration documents.

v. Pay filing fees to cashier

vi. Claims Cert. Of Incorporation from the Releasing Unit, HRAD Processing Time Within 24 hours

Documentary Requirements (Pls. Submit 6 sets)

i. Name Verification Slip

ii. Articles of Incorporation and By-laws

iii. Treasurer’s Affidavit/Authority to verify bank account

iv. Bank Certificate of Deposit notarized in place where bank signatory is assigned

v. Written joint undertaking to change corporate name signed by two (2) incorporators/Directors

vi. Proof of Inward Remittance by non-resident aliens, and foreign corporations

Note: All documents executed abroad must be authenticated by the Philippine Embassy

Application Procedure Same as in Paid-up: Cash-100% Filipino equity

Processing Time Within 24 hours from filing

Documentary Requirements (Pls. Submit 6 sets)

i. Form F-100

ii. Name Verification Slip

iii. Articles of Incorporation and By-laws

iv. Treasurer’s Affidavit/Authority to verify bank account

v. Bank Certificates of Deposit notarized in place where bank signatory is assigned

vi. Written joint undertaking to change corporate name signed by two (2) incorporators/Directors

vii. Proof of Inward Remittance by non-resident aliens & foreign corporation

Application Procedure

i. Verify/reserve proposed name

ii. Prepare AAI and BL and other required documents

iii. Get F-100 form from CRMD iv. Present accomplished forms/docs for pre-processing at CRMD

v. Pay filing fees to the cashier

vi. Claim Certificate of Incorporation from the Releasing Unit, Records Division

Processing Time

Within two (2) days from filing

Documentary Requirements

i. PEZA/SBMA/CDC certificate indicating location

ii. Same as for new corporations

Application Procedure

i. Submit required documents

Processing Time

Within 24 hours from filing

PAID UP : CASH AND PROPERTIES

Documentary Requirements In addition to requirements given in Paid-Up: Cash : (Pls. Submit 6 sets)

i. Deed of Assignment duly presented to the Register of Deeds for primary entry where the properties are located.

ii. Written consent of the mortgage/creditor on the assignment of the property, together with a certification on the outstanding loan balance.

iii. Certified true copy(ies) of transfer certificate of title (OCT/TCT).

iv. Photocopy of tax declaration sheet and official receipt of real estate tax payment/s for the current year to be checked against original copy(ies) thereof.

v. Appraisal report not exceeding six (6) months prior to filing of the application, to be rendered by an independent real estate appraiser if the transfer value of the property is based on current fair market value (not more than 6 mos. old).

vi. BIR Certificate of Zonal Value (if the transfer value is based on zonal value)

vii. Statement of assets and liabilities under oath by TIT

Application Procedure

i. Verify/reserve proposed name

ii. Prepare AAI and BL and other required documents

iii. Present accomplished forms/docs for pre-processing at CRMD

iv. Pay filing fees to the cashier v. Claim Certificate of Incorporation from the Releasing Unit, Records Division

Application Procedure

Processing Time

Within 24 hours from filing

Documentary Requirements

i. Detailed inventory of the properties certified by company accountant.

ii. Deed of Assignment executed by the owner in favor of the corporation.

iii. Appraisal Report to be rendered by an independent and licensed

mechanical engineer if the transfer value of property is based on

current fair market value.

iv. Copy of the corresponding bill of lading, BSP release certificates,

and customs declaration, if the machinery’s and equipment are

purchased abroad.

v. Bangko Sentral ng Pilipinas (BSP) valuation/appraisal report for

imported properties.

vi. Photocopies of motor vehicle certificate of registration & official

receipt of annual registration fee for current year.

Application Procedure

Same as in Paid-Up: Cash and Properties (Real Estate)

Processing Time

Within 24 hours from filing

Documentary Requirement

(Pls. Submit 6 sets)

i. Detailed physical inventory of the properties certified by the

corporate secretary

ii. Deed of Assignment.

iii. Photocopies of certificate of stock endorsed in favor of applicant

company

iv. Audited Financial Statements of last Fiscal/calendar year of investee

company

v. Certification from corporate secretary of the investee company

that shares of stock are still outstanding in the name of transfer or

vi. Statement of assets and liabilities by Treasurer-in-trust (TIT)

Application Procedure

Same as in Paid-Up: Cash and Properties (Real Estate)

Processing time

Within 24 hours from filing

Documentary Requirements

i. Detailed physical inventory of properties certified by the treasurer

ii. Deed of Assignment

iii. Special Audit report by an independent CPA on the verification

made on the properties

iv. AFS of the assignor (if corporation)

v. Statement of assets and liabilities under oath by TIT

Application Procedure

Same as in Paid-Up: Cash and Properties (Real Estate)

Processing time

Within 24 hours from filing

B. REGISTRATION FOR DOMESTIC NON-STOCK CORPORATIONS

Documentary Requirements

i. Name Verification Slip

ii. Articles of Incorporation and By-Laws

iii. Written joint undertaking to change corporate name signed by two (2) incorporators/Directors

iv. Resolution of the Board of Directors that the Corporation will comply with SEC

v. List of members certified by the Secretary and undertaking to submit list of additional members to the Securities and Exchange Commission (SEC) from time to time.

vi. List of contributors and amount contributed certified by the Treasurer

vii. For Foundations: notarized Certificate of Bank Deposit of the capital contribution of not less than P1,000,000.00 and modus operandi or mode of operation source of its funds, the proposed application of said funds, the prospective beneficiaries of grants and endowments. Application Procedure

For Online Registration:

i. Verify/reserve proposed name via internet using SEC i-register

ii. If reservation is complete, register the company via the internet using the SEC i-register.

Note 1: File Directly to SEC if clearance from other government agencies is required. Refer to letter g (clearances)

Note 2: File Directly to SEC if secondary license is required

iii. If online registration is complete, downloads/prints the Articles of Incorporation and By-Laws

iv. Pays the required filing fee (online or through the SEC cashier)

v. Presents the signed and notarized documents to CRMD

vi. Claims Certificate of Registration from Releasing Unit of Records Division

Filed Directly With SEC :

i. Verify/reserve proposed name

ii. Buy forms for articles & by-laws from Express Lane (for livelihood, driver, operators, neighborhood, education, religious organizations are available including Blank forms for non-stock organizations)

iii. Presents accomplished forms/docs for pre-processing at CRMD

iv. Pay filing fees to cashier

v. Claims Cert. Of Incorporation from the releasing Unit, Records Division Processing Time Within 24 hours from filing

Documentary Requirements

i. Name Verification Slip

ii. Articles of Incorporation and By-laws

iii. Written joint undertaking to change corporate name signed by two

(2) incorporators/Directors

iv. Resolution of the Board of Directors that the Corporation will comply

with SEC requirement for non-stock corporation

v. List of members certified by the Secretary and undertaking to submit

list of additional members to the Securities and Exchange Commission

(SEC) from time to time.

vi. List of contributors and amount of contributions certified by the

Treasurer

vii. For religious corporations, refer to Sections 109-116 of the Corporation

Code and add affidavit or affirmation or verification by the chief priest,

minister, rabbi or presiding elder.

Procedure

Same as in Foundation, Association and other Non-Stock organizations

Processing Time

Within 24 hours from filing

3. DOMESTIC PARTNERSHIP

Documentary Requirements i. Name verification slip ii. Articles of Partnership iii. Written joint undertaking to change corporate name signed by two (2) incorporators/Directors iv. Clearance/endorsement from other government agencies, if applicable Application Procedure For Online Registration i. Verify/reserve proposed name via internet using SEC i-register ii. If reservation is complete, register the company via the internet using the SEC i-register. Note 1: File directly to SEC if clearance from other government agencies is required. iii. If online registration is completed, system prompts the applicant to pay the filing fees (online or through the SEC cashier) iv. Download/Print the Articles of Partnership v. Pays the required fee vi. Presents the signed and notarized documents to CRMD vii. Claims Certificate of Recording from Releasing Unit of HRAD Filed Directly With SEC i. Verify/reserve proposed name ii. Buy articles of partnership forms from Express Lane iii. Get endorsement from other government agencies if needed iv. Presents accomplished forms/docs for pre-processing at CRMD v. Pay filing fees to cashier vi. Claims Cert. Of Incorporation from the Releasing Unit, Records Division Processing Time Within 24 hours from filing

Documentary Requirements

i. Name verification slip

ii. Articles of Partnership

iii. Written joint undertaking to change corporate name signed by two

(2) incorporators/Directors

iv. Clearance/endorsement from other government agencies if needed

v. If it is a limited partnership, the word “limited” or “Ltd” should be

added to the name. Articles of partnership of limited partnership

should be under oath only (Jurat) and not acknowledged before a

notary public

Application Procedure

Same as in General Partnership

Processing time

Within 24 hours from filing

4. FOREIGN ENTITIES LICENSED TO DO BUSINESS IN THE PHILIPPINES

Documentary Requirements i. Form F103 ii. Name Verification Slip iii. Authenticated copy of Board Resolution authorizing establishment of office in the Philippines designating resident agent and stipulating that in absence of such agent or upon cessation of business in the Philippines any summons may be served to SEC as if the same is made upon the corporation at its home office. iv. Financial Statements as of a date not exceeding one year immediately prior to the application certified by independent CPA of home country and authenticated before the Philippine Consulate/Embassy. v. Authenticated copies/Certified copies of the Articles of Incorporation/ Partnership vi. Proof of inward remittance (US$200K) minimum vii. Resident Agent’s acceptance of appointment (if not signatory in application form

Application Procedure i. Verify/reserve proposed name ii. Get F-103 form from CRMD iii. Present accomplished forms/docs for pre-processing at CRMD iv. Pay filing fees to cashier v. Claim license from Records Division Processing time Within 3-5 days from filing

Documentary Requirements i. Form F-104 ii. Name Verification Slip iii. Authenticated copy of Board Resolution authorizing establishment of office in the Philippines; designating resident agent & stipulating that in absence of such agent or upon cessation of business in the Phil. Any summons may be served to SEC as if the same is made upon the corporation at its home office. iv. Financial Statements as of a date not exceeding one year immediately prior to the application, certified by independent CPA of home country and authenticated before the Philippine consulate/embassy. v. Affidavit executed by the resident agent stating that mother office is solvent and in sound financial condition vi. Authenticated copies of Articles of Incorporation with an English translation if in foreign language other than English vii. Proof of inward remittance (US$30K) minimum such as bank certificate. viii. Resident Agent’s acceptance of appointment (if not signatory in application form) Application Procedure i. Verify/reserve proposed name ii. Get F-104 form from CRMD iii. Present accomplished forms/docs for pre-processing at CRMD iv. Pay filing fees to cashier v. Claim license from Records Division Processing time Within 2 days from filing
Documentary Requirements i. Application Form for RHQ/ROHQ ii. Name Verification Slip iii. Authenticated certification that foreign firm is engaged in international trade with affiliates, subsidiaries, or branch offices in the Asia Pacific region & other foreign markets. iv. Authenticated certification from principal officer of foreign entity that it was authorized by its Board of Directors or governing body to establish RHQ in the Philippines v. BOI endorsement indicating its approval of RHQ/ROHQ Application Procedure i. Verify/reserve proposed name ii. Get application form from CRMD iii. Get BOI endorsement iv. Present accomplished forms/docs for pre-processing at CRMD v. Pay filing fees to cashier vi. Claim license from Records Division Processing time Within 1 day from filing

Documentary Requirements

i. Name of verification slip

ii. Get F-105 Form from CRMD

iii. Articles of Partnership

iv. Written joint undertaking to change corporate name signed by two

(2) incorporators/Directors

v. Clearance/endorsement from other govt. agencies, if applicable.

vi. Proof of remittance of foreign partners (only for those partners who

want to register their investments with BSP)

Application Procedure

i. Verify/secure proposed name

ii. Buy articles of Partnership forms from the Express lane

iii. Get FIA Form 105 from CRMD

iv. Get endorsement of other government agencies, if needed

v. Presents accomplished forms/docs for pre-processing at CRMD

vi. Pay filing fees to cashier

vii. Claims Certificate of Incorporation from releasing Unit,

Records Division.

Processing time

Within 24 hours from filing