Philippine Business Registration is Made A lot easier with the Assistance of a Business Consultancy

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Philippine Business Registration is Made A lot easier with the Assistance of a Business Consultancy

Posted On : Jan-18-2012 | seen (413) times | Article Word Count : 546 |

As with most other countries, Philippine business registration is usually a tricky process. If you don't understand how to go about the whole process, you'll want to check out the services of a business consultancy firm.

The Philippines belongs to the quickest growing economies in Southeast Asia. Due to this fact, industries are gradually starting to increase and much more investment is coming into the nation. Should you be thinking about establishing an enterprise, you must undergo several procedures. Remember like many countries, you should not just set up shop and hang up an 'open' sign. Philippine business registration might be a tedious task. If you're not informed about the process, hiring a consultancy firm is your best option.

Through the help of consultants, Philippine business registration can be a breeze.Generally speaking, the whole process can take between two or three weeks. With much larger ventures, expect an additional day or two to address any complexities which may pop up. Employing a qualified consultancy firm will eradicate odds of you encountering any major problems. Here are a few of the steps you'll have to take.

The first step to setting up in the Philippines may well be the application of your business name. The agency you deal with depends upon the type and scale of your venture. Single proprietorships must sign up with the Department of Trade and Industry (DTI). Foreign-owned firms must also provide a minimum capitalization requirement coming from a local bank. In cases where the department deems it mandatory, you might also need to sign up with the Securities and Exchange Commission (SEC).

Partnerships need most of the same requirements with a very few adjustments. Those with a capital of less than three thousand Philippine Pesos only have to deal with the DTI. In case your capital surpasses that amount, you'll have to sign up with the SEC. Additionally, if one of your associates is a foreigner, the submission of SEC form F-105 is necessary, as well as notarized copies of your Articles of Partnership.

Establishing a corporation in the Philippines is more technical. This endeavor has two kinds: Filipino-owned and foreign-owned domestic corporations. To become qualified as a Filipino-owned corporation, the split needs to be 60% Filipino, 40% foreign-owned; anything above 40% is foreign-owned. For the latter, submission of SEC form F-100 is needed. Be aware that for most varieties, you will find there's listing of standard paperwork necessary. Examples of these are certificates and clearances from a variety of government offices, tax identification and confirmation with the Bureau of Internal Revenue (BIR), and business permits from town units.

Another significant part of the whole process is trademark registration. Philippines is part of the World Intellectual Property Organization, and thus it values the patents and trademarks of other member countries. Trademark registration in Philippines will last for at least 10 years. It is important that you sign up with the Intellectual Property Office in the Philippines to make sure that you are not violating any regulations.

Philippine business registration might seem complex in the beginning, but the assistance of a consultant can make things go smoothly. Choose a consultant that's highly knowledgeable in the field. A professional consultancy firm will have the proficiency to make the whole process seamless and trouble-free. Seek advise from one that will give you an extensive number of services to get your company in the Philippines up and running right away.

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<h1>Philippine Business Registration is Made A lot easier with the Assistance of a Business Consultancy </h1> Author: <a href='http://www.articleseen.com/profile_Carmine Lombardi.aspx'>Carmine Lombardi</a> 
The Philippines belongs to the quickest growing economies in Southeast Asia. Due to this fact, industries are gradually starting to increase and much more investment is coming into the nation. Should you be thinking about establishing an enterprise, you must undergo several procedures. Remember like many countries, you should not just set up shop and hang up an 'open' sign. Philippine business registration might be a tedious task. If you're not informed about the process, hiring a consultancy firm is your best option.

Through the help of consultants, Philippine business registration can be a breeze.Generally speaking, the whole process can take between two or three weeks. With much larger ventures, expect an additional day or two to address any complexities which may pop up. Employing a qualified consultancy firm will eradicate odds of you encountering any major problems. Here are a few of the steps you'll have to take.

The first step to setting up in the Philippines may well be the application of your business name. The agency you deal with depends upon the type and scale of your venture. Single proprietorships must sign up with the Department of Trade and Industry (DTI). Foreign-owned firms must also provide a minimum capitalization requirement coming from a local bank. In cases where the department deems it mandatory, you might also need to sign up with the Securities and Exchange Commission (SEC).

Partnerships need most of the same requirements with a very few adjustments. Those with a capital of less than three thousand Philippine Pesos only have to deal with the DTI. In case your capital surpasses that amount, you'll have to sign up with the SEC. Additionally, if one of your associates is a foreigner, the submission of SEC form F-105 is necessary, as well as notarized copies of your Articles of Partnership.

Establishing a corporation in the Philippines is more technical. This endeavor has two kinds: Filipino-owned and foreign-owned domestic corporations. To become qualified as a Filipino-owned corporation, the split needs to be 60% Filipino, 40% foreign-owned; anything above 40% is foreign-owned. For the latter, submission of SEC form F-100 is needed. Be aware that for most varieties, you will find there's listing of standard paperwork necessary. Examples of these are certificates and clearances from a variety of government offices, tax identification and confirmation with the Bureau of Internal Revenue (BIR), and business permits from town units.

Another significant part of the whole process is trademark registration. Philippines is part of the World Intellectual Property Organization, and thus it values the patents and trademarks of other member countries. Trademark registration in Philippines will last for at least 10 years. It is important that you sign up with the Intellectual Property Office in the Philippines to make sure that you are not violating any regulations.

Philippine business registration might seem complex in the beginning, but the assistance of a consultant can make things go smoothly. Choose a consultant that's highly knowledgeable in the field. A professional consultancy firm will have the proficiency to make the whole process seamless and trouble-free. Seek advise from one that will give you an extensive number of services to get your company in the Philippines up and running right away. 
About the Author: 
Carmine Lombardi is a university professor who is highly informed about <a rel="nofollow" href="http://www.tripleiconsulting.com/">Philippine business registration</a> and <a rel="nofollow" href="http://www.tripleiconsulting.com/main/services/patent-trademark-regsitration-philippines">trademark registration Philippines</a>. Article Source: <a href='http://www.articleseen.com/Article_Philippine-Business-Registration-is-Made-A-lot-easier-with-the-Assistance-of-a-Business-Consultancy_135435.aspx'> http://www.articleseen.com/Article_Philippine Business Registration is Made A lot easier with the Assistance of a Business Consultancy _135435.aspx</a>

Article Source : http://www.articleseen.com/Article_Philippine Business Registration is Made A lot easier with the Assistance of a Business Consultancy _135435.aspx

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Carmine Lombardi is a university professor who is highly informed about Philippine business registration and trademark registration Philippines.

Keywords : Philippine business registration, trademark registration Philippines,

Category : Business : Business

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