How to Register Your Business Under Sole Proprietorship in the Philippines
Requirements Certificate of Business Name Registration from the Department of Trade and Industry (DTI). Barangay/Municipality/Regional c...
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Requirements
- Certificate of Business Name Registration from the Department of Trade and Industry (DTI).
- Barangay/Municipality/Regional clearance, depending on the scale and scope of intended operations.
- The business permit from the local mayor's office. This is where you'll get the plaque to display in your store.
- Business tax identification number (TIN). Better ask a bookkeeper or accounting services to do this.
Procedure:
- Obtain a business name registration certificate by registering your business to DTI. You can search here http://www.bnrs.dti.gov.ph/web/guest/registration to verify that your desire business name is still available.
- Obtain a Brgy/Municipal/Regional clearance from the local government is where you will set up your operation. Normally it starts on the Barangay level, so visit your nearest Brgy hall.
Requirements: - Business name registration certificate
- Two valid IDs
- Proof of address of business location (eg. Meralco)
- Go to the mayor's office in order to secure a business permit at the municipal level.
Requirements: - Business name registration certificate
- Map/sketch of location where your business will be located
- Two valid IDs
- Community tax certificate (CTC)
- Go to the Bureau of Internal Revenue (BIR) district office where your business will be located.
Requirements: - Barangay clearance
- Business name registration certificate
- Mayor's permit
- Proof of your business address (e.g. Meralco)
- Book of accounts, to be stamped by BIR (can be purchased in National Bookstore)
- Receipts and invoices from BIR accredited print shops, to be stamped by BIR (find a bookkeeping service near you for help).
- Obtain a TIN.
- Fill out an application form for a Certificate of Authority to print receipts and invoices.
- Have your Book of Accounts, receipts, and invoices stamped by BIR.
- Apply as a self-employed member of the Social Security System (SSS).
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