Establishing a business structure in the Philippines is a major milestone for any business owner. Whether you are a local founder or a international investor, the first goal is to register a corporation Philippines properly to ensure operational legality. With the latest updates to the Revised Corporation Code, the workflow has become faster through online portals like eSPARC.
Phase 1: Securing Your Corporate Name
The beginning of the process is to select a unique corporate name. You must verify for its availability via the Securities and Exchange Commission (SEC) online system. Ensure your chosen name is not conflict with existing registrations. Once approved, you can secure the name for 30 to 90 days by paying a nominal reservation fee.
Step 2: Structuring Your Corporate Structure
When you register a corporation Philippines, you need to define your share structure and leadership.
Founders: You need at least two but not more than 15 incorporators. Interestingly, a One Person Corporation (OPC) is currently an option for individual entrepreneurs.
Capital Requirements: For general domestic corporations, there is no specific paid-up capital required by the SEC, unless regulated industries like banking.
Management: You must appoint a President, a Corporate Secretary (who is a local resident), and a Treasurer (resident in the Philippines).
Phase 3: Online Submission via eSPARC
In 2026, the entirety of the registration process is processed online. Through the SEC system, you will submit your Articles of Incorporation, By-laws, and supplementary documents. The system allows for the Regular processing pathway, which often issue a Digital Certificate of Incorporation within a few business day if register a corporation philippines all data is accurate.
Step 4: Secondary Requirements
Getting your Certificate of Incorporation is only the beginning. To legally operate and register a corporation Philippines completely, you must move forward with the following:
Local Permit: Obtain this from the specific district where your register a corporation philippines office is located.
LGU License: Apply for this at the City Hall. This needs a proof of address and fire safety inspection.
Tax Compliance: Go to register a corporation philippines the Bureau of Internal Revenue (BIR) to get your Tax Identification Number (TIN), register your books of accounts, and get authority to print invoices.
Phase 5: Employer Social Agencies
When the corporation starts employing staff, you must to register with government institutions including the Social Security System (SSS), PhilHealth, and Pag-IBIG. This ensures your employees receive mandatory benefits and register a corporation philippines safeguards the entity from penalties.
Final Thoughts
Managing the process to register a corporation Philippines requires patience and attention to detail. While the online transition has simplified the task, many businesses still choose register a corporation philippines to hire consultants to prevent delays. By following these guidelines, you can build a strong foundation for your enterprise in the vibrant Philippine economy.