BUSINESS PERMIT COST

No
.

Procedure

Time to
Complete

Associated Costs

Verify and reserve the company name with the

Securities and Exchange Commission (SEC)

1 day

PHP 40

Deposit paid-up capital in the Authorized Agent Bank

(AAB) and obtain bank certificate of deposit

1 day

No cost

Notarize articles of incorporation and treasurer's

affidavit at the notary

1 day

PHP 500

Register the company with the SEC and receive preregistered Taxpayer Identification Number (TIN)

3 days

PHP 2,665 (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)

Obtain barangay clearance

1 day

PHP 500

After issuance of the SEC certificate of incorporation,

pay the annual community tax and obtain the
community tax certificate (CTC) from the City
Treasurer's Office (CTO)

1 day

PHP 500

Notarize the business permit application form at the

notary

1 day

PHP 50

Obtain the business permit to operate from the

Customer Service Counter of the Business Permits
and Licensing Office (BPLO)

2 days

PHP 6,426 (PHP 208.5 business tax

(1/4 of 1/10 of 1% of paid-up capital)
+ PHP 500 environmental impact fee
+ PHP 2,500 mayors permit
+ PHP 500 sanitary
inspection fee + PHP 10 medical/health fees +
PHP 400 building inspection fee
+ PHP 400 electrical inspection fee
+ PHP 250 plumbing inspection fee
+ PHP 500 mechanical inspection fee
+ PHP 200 fire inspection fee
+ PHP 150 business plate/sticker
+ PHP 260 signboard
+ PHP 547 FSIC (10% of all regulatory charges))

Buy special books of account at bookstore

1 day

PHP 400

10

Apply for Certificate of Registration (COR) and TIN at

the Bureau of Internal Revenue (BIR)

2 days

PHP 115 (PHP 100 certification fee

+ PHP 15 documentary stamp tax)

1 day

PHP 4,670 (PHP 500 registration fee

+ PHP 4,169.97 DST on original issuance of
shares of stock. DST on the lease contract is not included in the
computation of the cost)

11

Pay the registration fee and documentary stamp

taxes (DST) at the AAB

BUSINESS PERMIT COST

No
.

Procedure

Time to
Complete

Associated Costs

12

Obtain the authority to print receipts and invoices

from the BIR

1 day

No cost

13

Print receipts and invoices at the print shops

7 days

PHP 3,500 (between PHP 2,500 - PHP 3,500)

14

Have books of accounts and Printers Certificate of

Delivery (PCD) stamped by the BIR

1 day

No cost

15

Register with the Social Security System (SSS)

3 days

No cost

16

Register with the Philippine Health Insurance

Company (PhilHealth)

1 day

No cost