Starting a business legal entity in the Philippines is a significant milestone for any entrepreneur. Whether you are a Filipino founder or a foreign investor, the primary goal is to register a corporation Philippines correctly to ensure protection. With the recent updates to the Revised Corporation Code, the procedure has become faster through electronic systems like eSPARC.
Phase 1: Securing Your Corporate Name
The beginning of the process is to select a unique business name. You must search for its availability via the Securities and Exchange Commission (SEC) online system. Make sure your chosen name is not clash with existing entities. Once cleared, you can reserve the name for a specific period by paying a small reservation fee.
Phase 2: Structuring Your Articles of Incorporation
Prior to register a corporation Philippines, you need to define your share structure and leadership.
Founders: You need at least 2 but not more than fifteen directors. Note that a One Person Corporation (OPC) is also an option for solo entrepreneurs.
Authorized Capital: For most domestic corporations, there is hardly any minimum paid-up capital demanded by the SEC, unless specialized industries like insurance.
Key Officers: You must select a President, a Corporate Secretary (who is a local resident), and a Treasurer (resident in the Philippines).
Phase 3: Digital Filing via eSPARC
In 2026, the entirety of the registration process is completed online. Through the eSPARC system, register a corporation philippines you will submit your Articles of Incorporation, By-laws, and other documents. The system enables the OneSEC processing track, which can issue a provisional approval in a single business days provided all information is correct.
Phase 4: Post-SEC Requirements
Getting your SEC Certificate is the primary step. To legally operate and register a corporation Philippines completely, you must move register a corporation philippines forward with the following:
Local Permit: Obtain this from the specific district where your office is situated.
Mayor’s or Business Permit: Apply for this at register a corporation philippines the Municipal Hall. This requires a lease contract and sanitary permit.
BIR Registration: Visit the Bureau of Internal register a corporation philippines Revenue (BIR) to obtain your Tax Identification Number (TIN), apply for your books of accounts, and secure authority to print official receipts.
Phase 5: Government Contributions
Once your corporation starts employing staff, you are required to register with government institutions including the register a corporation philippines Social Security System (SSS), PhilHealth, and Pag-IBIG. This ensures your employees receive mandatory benefits and safeguards the company from penalties.
Final Thoughts
Completing the steps to register a corporation Philippines requires patience and accuracy. While the online shift has made things easier, many owners still prefer to consult legal experts to avoid common mistakes. Following these guidelines, you can build a strong foundation for your venture in the vibrant Philippine economy.