Doing Business in the Philippines

A dream and an aspiration for most people is to start their own business either it is an exercise of talent, a profession or just simply bringing out your entrepreneurial vision to reality. Most of us wonder about how to start a business in the Philippines. What is the process to follow? What are the business formalities and requirements? How can I register totally my business? and What kind of business model and structure suits the business outlook and objective?

Business is so wonderful not just in terms of generating income but more-so, making one’s vision, purpose and plans a reality.

In the Philippines, we have three (3) business types in which a local or foreign individual/s can explore on registering:

  • Sole Proprietor ( Filipino-owned or foreign-owned)
  • Partnership (General Partnership or Limited Partnership)
  • Corporation (Domestic, One Person or Foreign Corporation)

Fishstone Solutions can support and help you whatever types of business you plan to register in the Philippines whether you are a local or a foreign national. We provide full assistance from start to end works for company registration such as business permit application, corporate secretarial work, general compliance work, corporate restructuring and foreign licensing

We also offer proficient assistance to businesses of all types from micro business (MSMEs) and small-and-medium enterprises (SMEs) to multinational corporations. This covers incorporation of a local company or establishment of a license to set up your back-office organization or set up your regional headquarters in the Philippines. We assists you on the review, identification, evaluation and preparation for the registration process as related to the topics below:

  • Nature of Business Operations and its industry
  • Primary Business Activities and Secondary Activities 
  • Minimum Capital Requirements of the Business 
  • Selecting/Appointment of Nominee Director/s or Resident Agent
  • Designation of Corporate Officers (President, Corporate Secretary, Treasurer, etc.)
  • Special or secondary licenses/permits (if client will engage in a regulated industry)
  • Business Logistics (Location, Staffing and Office Space Facility)

Upon successful registration of your business in the Philippines, Fishstone Solutions can continue to provide support through the following services:

  • Strategy Planning and Management
  • Enterprise Risk Management
  • Data Protection and Privacy Compliance
  • Human Resources and Organizational Development Consulting
  • Recruitment Consulting and Services
  • Process Management (Development, Documentation and Improvement)
  • In-house Trainings
  • Finance and Accounting
    • Tax Planning and Advisory Services
    • Tax Compliance Services
    • Accounting and Bookkeeping Services
    • Financial Compilation Services
    • Business Process and Internal Control Review
    • Financial Due Diligence
    • PEZA Compliance (as applicable to the business)
    • Tax Incentives

To know more about how Fishstone Solutions can support your requirements, contact us now through:

Author: Ivan Crisostomo, Partner & Sr. Consultant

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