Source: International Finance Corporation/ Doing Business in the Philippines 2011 Study
| Department | Procedure | Time to complete | Associated Costs |
| 1. SEC (Securities and Exchange Commission) | Verify and reserve the availability of the company name with the Securities and Exchange Commission (SEC) | 1 day | PHP40 |
| Deposit paid-up capital in the Authorized Agent Bank (AAB) and obtain bank certificate of deposit | 1 day | no charge | |
| Notarize articles of incorporation and Treasurer’s affidavit with notary public | 1 day | PHP500 | |
| Register company with the Securities and Exchange Commission | 3 days | (PHP 1,667.99 filing fee equivalent to 1/5 of 1% of the authorized capital stock or the subscription price of the subscribed capital stock, whichever is higher but not less than PHP 1,000 + PHP 16.68 legal research fee (LRF) equivalent to 1% of filing fee but not less than PHP 10 + PHP 500 By-laws + PHP 150 for registration of stock and transfer book (STB) required for new corporations + PHP 320 STB + PHP 10 registration for SEC bulletin) | |
| Payment of documentary stamp taxes (DST) | 1 day | PHP1 for every PHP 200 of capital | |
| 2. Barangay | Obtain Barangay Clearance | 2 days | PHP 800 |
| 3. Mayor’s Office | A. Obtain Community Tax Certificate (CTC) from the City Treasurer’s Office (CTO) | 1 day | PHP 500 |
| B. Obtain Mayor’s Permit to operate at the Licensing Section of the City or Municipality | 1 day | The fees vary depending on the local government unit (city/municipality) issuing the mayor’s permit (PHP 900, sanitary permit fee + 0.2% of capital for license fee + PHP 2000, permit fee for businesses engaged in retail + PHP 2,500 garbage collection fee + PHP 360, occupational tax + PHP 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 (Certificate of Registration) | 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. Print receipts and invoices at the print shops accredited by the BIR. | 1 day | PHP 180/Booklet. | |
| D. Buy special books at any Bookstore or BIR’s Office. | 14 days | PHP150 (4 Pcs) | |
| E. Have books of accounts and Printer’s Certificate of Delivery of Receipts and Invoices (PCD) stamped by the BIR. | 1 day | No Charge | |
| 5. SSS (Social Security Syste) | Register with the Social Security System (SSS) | 1 week | No Charge |
| 6. PHIC (Philippine Health Insurance Corporation) | Register with the PhilHealth Insurance Corp (PHIC) | 1 day | No Charge |
Sources:
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