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Why you need to get a Makati office for rent
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Posted On :
Jan-26-2012
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Article Word Count :
542
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Many foreign investors and local businessmen look into expanding their business in Makati. They choose to rent Makati office space since it is where many multinational companies are located. This article refers to the things you must know and prepare for if you need to rent an office space in Makati.
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There are lots of multinational companies in the Philippines that rent Makati office space. In fact, foreign companies that do business here prefer to get a commercial office space in this city as there are prime office buildings found here. In case you are thinking of establishing a business in Makati, below are a few things to look at.
Bear in mind that people who want to put up companies in Makati have a lots of documents and requirements to ready. You would need to go through different government agencies like the Department of Trade and Industry, the Bureau of Internal Revenue and the Securities and Exchange Commission (SEC).
Processing business registrations might be a tedious task. Business owners who want to rent Makati office space are also made to register and get a business permit from the local city government. These processes ensure that the company is going to meet the standards set by the government.
In addition to these requirements, companies seeking to rent a commercial space in Makati will also have to acquire other documents and submit these to the SEC. These documents include a bank certificate of deposit, notarized articles of incorporation, and a treasurer's affidavit at the notary.
The certificate of deposit indicates the compliance of the company to deposit a capital amounting to 6.25% of the authorized capital stock of the corporation. Please note that the capital mustn't be less than Php 5,000.
Listed here are other documents required for SEC registration:
- Company name verification slip
- Statement of assets and liabilities
- Authority to verify the bank account
- Registration data sheet with particulars on directors, officers, stockholders, and so forth
- A notarized written undertaking to comply with SEC reporting requirements
-A notarized written undertaking to change corporate name
Choosing the office space is another thing you must think of. Office spaces in Makati are usually in high-rise buildings in the central business district. As Makati is the economic and financial center of the Philippines, you will find a number of big companies in the area. Included in this list are Standard Chartered Bank, Convergys, a business process outsourcing company, and DHL express, a logistics company. You'll be able to find affordable Makati office for rent depending on the nature of your business.
For example, IT companies can get tax breaks from the Philippine Economic Zone Authority (PEZA) . Some buildings in the central business district have an IT zone status. These establishments are able to take advantage of multiple tax holidays along with other incentives not normally available in other areas.
If you're new in this city and plan to rent Makati office space, think about getting a condominium unit or an apartment nearby. There are a variety of condominium towers around the area that you could either rent or buy. This option keeps you safe and helps you beat traffic.
Many business owners imagine that renting a Makati office space is a good way to start a business. Since there are over 60,000 multinational businesses in this city, establishing your company here is a great decision.
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Article Source :
http://www.articleseen.com/Article_Why you need to get a Makati office for rent_139611.aspx
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Author Resource :
Vobbi Rones is a CEO seeking Makati office for rent and knows what foreigners expect when they rent Makati office space.
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Keywords :
Makati office for rent, rent Makati office space,
Category :
Business
:
Business
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