Starting a Business – Registration of a Single Proprietorship
| Department | Procedure | Time to complete |
Associated Costs (Estimated as of 2006) |
| 1. DTI (Department of Trade Industry) |
Business Name Registration Certificate from any DTI Office or log on to www.bnrs.dti.gov.ph. Validity: 5 years Requirements:
|
1-2 days | Registration fee: Scope: National=P2000 Regional=P1000 City/Municipality=P500 Barangay=P200*Total fees to include Php 15 documentary stamp tax (DST) |
| 2. Barangay | Obtain Barangay clearance | 2 days | PHP 800 |
| 3. Mayor’s Office | Obtain Mayor’s Permit to operate at the Licensing Section of the City or Municipality |
1-2 weeks depending on city | The fees vary depending on the local government unit (city/municipality) issuing the mayor’s permit.
Estimates: PHP 900, sanitary permit fee + 0.2% of capital for license fee
PHP 2000, permit fee for businesses engaged in retailPHP 2,500 garbage collection feePHP 360, occupational taxPHP 905, occupational police clearance/ health clearance PHP 1,500, plumbing inspection fee PHP 850, electrical inspection fee PHP 500 building permit fee PHP 400 sign board permit fee) |
| 4. BIR (Bureau of Internal Revenue) | A. Register TIN with the BIR | 2 days | PHP 500 (registration fee) + PHP 100 (certification fee) and PHP 15 (documentary stamp tax, in loose form to be attached to Form 2303) |
| B. Obtain Certificate of Authority to Print (ATP) Form | 1 day | No Charge | |
| C. Buy special books at Any Bookstore OR BIR’s Office | 1 day | PHP130- PHP150 ( 4 pcs ) | |
| D. Print receipts and invoices at the print shops accredited by the BIR | 14 days | PHP180/ Booklet | |
| E. Have books of accounts and Printer’s Certificate of Delivery of Receipts and Invoices (PCD) stamped by the BIR | 1day | No charge | |
| 5. SSS (Social Security System) | Register with the Social Security System (SSS) | 1 week | No charge |
| 6. PHIC (Philippine Health Insurance Corporation) |
Register with the Philippines Health Insurance Company (Phil Health) |
1 day | No charge |
Source: http://www.mixph.com/2006/03/steps-to-register-your-business.html
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