Setting up a business structure in the Philippines is an essential milestone for any business owner. Whether you are a local founder or a international investor, the first goal is to register a corporation Philippines properly to ensure operational legality. With the latest updates to the SEC guidelines, the process has become digitalized through online portals like eSPARC.
Phase 1: Choosing Your Corporate Name
The first step is to verify a unique company name. You must check for its availability through the Securities and Exchange Commission (SEC) eSPARC portal. Check that your chosen name does not resemble existing entities. Once cleared, you can hold the name for 30 to 90 days 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: Digital Filing via eSPARC
In 2026, the entirety of the registration process is completed online. Through the eSPARC system, you will submit your Articles of Incorporation, By-laws, register a corporation philippines and supplementary documents. The system enables the OneSEC processing track, which may issue a Digital Certificate of Incorporation 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:
Barangay Clearance: Obtain register a corporation philippines this from the specific district where your office is situated.
LGU License: Apply for this at the Municipal Hall. This needs a lease contract and register a corporation philippines fire safety inspection.
Tax Compliance: Visit the Bureau of Internal Revenue (BIR) to get your Tax Identification Number (TIN), apply for your books of accounts, register a corporation philippines and get authority to print official receipts.
Step 5: register a corporation philippines Government Social Agencies
Once your corporation starts hiring people, you need to register with social agencies such as the Social Security System (SSS), PhilHealth, and Pag-IBIG. Compliance ensures your workers receive legal 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 simplified the task, many startups still prefer to consult legal experts to avoid common mistakes. Following these steps, you can build a solid foundation for your venture in the vibrant Philippine economy.