Professional Documents
Culture Documents
1. Sole Proprietorship
To register your business name with the DTI and facilitate the processing of your application,
you must comply with the following requirements and procedures.
1. Go to the Bureau of Trade Regulation and Consumer Protection (BTRCP) Business
Name Department and secure an application for.
2. If applicant is a natural born Filipino, he / she must be at least 18 years old and must
attaché two (2) passport size pictures taken not later than the year preceding the filing
of application.
a. The applicant must be a majority age (18 years or over)
b. He / She must submit two (2) passport size pictures of himself / herself
taken not more than one (1) year preceding the filing of such application.
c. If an alien, he / she must submit the following:
Alien Certificate of Registration (ACR), if any
Accomplished DTI Form No. 17 under Republic Act No. 7042
A written appointment of Filipino Resident Agent
Authority to verify bank accounts / bank certificate of deposit
Proof of inward remittance of foreign currency for non-resident
alien and Bank Certificate of Deposit for resident alien
Copy of valuation report from the BangkoSentralngPilipinas (BSP)
if investment includes assets other than foreign exchange
Clearance from other involved agencies such as the Department of
Science and technology (DOST) Philippines National Police
(PNP), etc.
In case of an alien retailer, latest permit to engage in retail business
per Republic Act No. 1180
d. If the applicant has acquired Filipino citizenship by naturalization, election
or by any other means provided by the law, he / she must submit proof of
his / her Filipino citizenship.
e. Filipino whose names are suggestive of alien nationality must submit
proof of Filipino citizenship (e.g authenticated Birth Certificate, Voter’s
I.D)
3. In case of corporation or partnership, attach the SEC certificate and articles of
incorporation or partnership
4. For franchise holders of business name, applicant must attach latest copy of the
franchise agreement
5. Natural – born Filipinos whose names are suggestive of an alien nationality (e.g Lim,
Taylor, Po, etc.) must submit proof of citizenship, e.g PRD ID, birth certificate or
voter’s Id.
6. For the citizens of the Philippines by:
Naturalization
A photo static copy of naturalization certificate and oath of allegiance or Identification Card
issued by the Commission on Immigration and Deportation (Present original copies for
comparison)
Election
Affidavit of Election or Identification Card issued by the Commission on Immigration and
Deportation (present original copies for comparison)
7. In case of alien, submit the following:
For Partnership / Corporation, if the foreign capital investment exceeds forty percent
(40%) of the total authorized capital stock, secure certificate of authority to engage in
business in the Philippines from the Securities and Exchange Commission
8. If the business name, together with the business establishment is acquired through
sales, transfer or assignment, applicant must comply with the Bulk Sales Law by
submitting:
a. An affidavit of vendor (stating that at the time of sale, he had no creditors,
and if there were, copy of notice to them)
b. Deed of Sale, assignment or transfer, as applicable
c. Inventory of properties sold, assigned or transferred
d. Payment of fee
An alien wishing to register with the Bureau of Trade Regulation and Consumer Protection
(BTRCP) must submit the following:
Accomplished DTI Form Nos. 16 and 17 available at the BTRCP offices
A written appointment of Filipino Resident Agent
Authority to verify bank account or bank certificate of deposit
For non-resident alien:
Proof of inward remittance of foreign currency
For resident alien:
Bank certificate of deposit
If investment includes assets other than foreign exchange, copy of valuation report from
BSP; and
If applicable, clearance from other involved agencies, e.g DOST, DND / PNP
2. Corporation
Pre-Processing Application
1. In applying for SEC Registration, the first step is to go to their website crs.sec.gov.ph, if
you do not have an account for CRS you shall made your own or sign up. If you do have an
account with CRS, then proceed with the log in.
2. You can click Register a Company and fill out the forms.
3. The checklist of basic requirements for SEC registration are as follows:
For Stock Corporations
a. Articles of Incorporation
b. By – Laws
c. Treasurer’s Affidavit
d. Bank Certificate or Deposit
e. Authority to Verify Bank Accounts
f. Registration Data Sheet / Subscribers Information Sheet
g. Undertaking to Change Name
h. Statement of Assets and Liabilities
i. Filing Fees
Articles of Incorporation – 1/10 of 1% of authorized Capital Stock + 20% but not
less than P500.00
By Laws
Legal research Fee (1% of filing fees)
For Non-Stock Corporation
a. Articles of Incorporation
b. By – Laws
c. Registration Data Sheet
d. Undertaking to Change Name
e. Secretary’s Certificate to comply with SEC Requirements for non-stock
corporations
f. List of members of the association
g. List of contributors and amount contributed certified y Treasurer
h. Filing Fees: Articles of Incorporation + By-Laws + Legal Research Fees
Filing and Processing
4. Upon submission, SEC shall compute the authorized subscribed and paid – up capital.
This is usually a minimum of 25% of the subscribed capital stock.
5. Pay the filing fee. Under the Express Lane, you may secure your SEC Registration papers
within three (3) working days.
6. Open a bank account with your preferred local bank and deposit the amount prescribed.
The SEC will then verify your bank deposit based on the authorization letter issued to them and
they shall call your office when the certification is ready to be issued.
Licenses and Permits
Since local ordinances vary, check with your municipal and regional authorities to determine:
In particular, you will have to obtain a permits and business license from your city / town
hall or local government office, and you will have to register with the Bureau of Internal
Revenue to obtain your sales Taxpayer Identification Number (TIN). In additional, you will want
Zoning permit
All BLUE PRINTS PLAN must sign and seal with copy of PRC and PTR.
OCCUPANCY CERTIFICATE APPLICATION
Pictures of Salon
All BLUE PRINTS PLAN must sign and seal with copy of PRC and PTR.
Paying Taxes
Businesses and individuals alike must pay taxes based on the amount of income they report at the
end of the year. However, businesses are required to file reports and pay taxes throughout the
year as well. It is necessary to figure and report income taxes, value – added taxes and municipal
taxes. Be aware that other taxes that are not mentioned here may apply to your operations.