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 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 business name. You must search for its availability through the Securities and Exchange Commission (SEC) eSPARC portal. Make sure your chosen name does not resemble existing entities. Once cleared, you can hold the name for a specific period 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 2 but not more than fifteen directors. Keep in mind a One Person Corporation (OPC) is also an option for solo entrepreneurs.
Authorized Capital: For typical domestic corporations, there is hardly any minimum paid-up capital demanded 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 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 forward with the following:
Local Permit: Obtain this from the specific district where your office is situated.
LGU register a corporation philippines License: Apply for this at the Municipal Hall. This needs a lease contract and fire safety inspection.
Tax Compliance: Go to the Bureau of Internal register a corporation philippines Revenue (BIR) to get your Tax Identification Number (TIN), apply for your books of accounts, and get authority to print official receipts.
Step 5: Government Social register a corporation philippines Agencies
Once your corporation starts hiring staff, you need register a corporation philippines to register with social agencies such as the Social Security System (SSS), PhilHealth, and Pag-IBIG. Compliance ensures your workers receive mandatory benefits and protects the company from legal issues.
Summary
Navigating the steps to register a corporation Philippines demands careful planning and accuracy. While the digital shift has made things easier, many owners still prefer to hire legal experts to avoid common mistakes. Following these steps, you can build a solid foundation for your venture in the vibrant Philippine economy.