Business Registration Steps
1. DTI (www.dti.gov.ph) – Single Proprietorship
2. Barangay Business Clearance
3. Mayor’s Permit
Barangay Micro-Business Enterprise (BMBE) Act of 2002 (RA 9178)
Incentives:
5. Social Security System (www.sss.gov.ph)
- Business Name Search
- New Applications, Renewals
- Changes of Business info or Cancel Business Name
- Certification of Request
- Business Name 5yrs – P300
2. Barangay Business Clearance
- Clearance from building owner of homeowner’s association
- Payment of Php150.00
3. Mayor’s Permit
- DTI Certificate of registration
- Sketch of exact Location
- Payment of Insurance
- Municipal Treasurer’s Certification that business is new and starting
- Pay 20% of 1% of paid-up Capitalization
Barangay Micro-Business Enterprise (BMBE) Act of 2002 (RA 9178)
- A barangay micro Business enterprise is engaged in production, processing or manufacturing of products as well as trading and services with a total assets of 3 million.
- Such as assets include those arising from loans but not the land on which the plant or equipment located
Incentives:
- Income tax Exemption from income arising from the operation of the enterprise
- Exemption from the coverage of the Minimum wage law, but employees will receive social security and health care benefits
- Priority to a special credit window set up especially for the financing requirements of a BMBE.
- a. Get Application from office of the Treasurer of the City or Municipality where the business is located
- b. Submit accomplished form with 3 passport size ID pictures
- c. A registered BMBE gets a Certificate of Authority effective for one year
5. Social Security System (www.sss.gov.ph)
- An employer or any person who uses services of another person in business, trade, industry or any undertaking must be registered with the SSS
- Social, civic professional, charitable and other non-profit organization which hire the services of employees are considered “employers"