Security and Exchange Commission

Initially, the applicants need to verify or reserve their proposed name with the
Name Verification Slip which can be acquired directly from the SEC office or online
through the SEC-iRegister application. Upon approval, submit to SEC the computer
print-out of Reservation Notice and pay the Reservation Fee. Once approved on-line,
may proceed with submission of registration documents with SEC for pre-processing
and evaluation.
Applicants should then obtain bank certificate of deposit of the paid-in
capital. Identify a bank where the account will be opened and request for the
issuance of certificate of bank deposit. Sample of certificate is available with SEC.
Amount deposited must be equivalent to the total paid-up capital. They should have
the bank certificate notarized in the place where the certificate was issued.
SEC Articles of Inc and By-Laws should be filled in. The number of
incorporators is between 5 and 15. They should present 5 sets of the above
documents to the Corporate and Legal Unit for pre-filling conference & evaluation. If
required, the Articles of Inc. and By-Laws will be endorsed to other agencies if
activities to be undertaken require endorsement. Otherwise, the documents are
stamped Approved for Payment.
A filling fee to the Cashier must be paid. After this, the accomplished
documents are stamped RECEIVED. The document shall be forwarded to the
Corporate and Legal Unit for processing and review. The Certificate of Registration
will be issued for approval by the Director. Finally, the Certificate of Registration
released through the Releasing Section.

Requirements for registering with SEC (for Non-Stock Corporation):

Cover Sheet
Name Verification Slip
Articles of Incorporation and By-Laws
Treasurers Affidavit
Bank Certificate of Deposit
Undertaking to Change Name
Registration Data Sheet
Endorsement from other government agencies (if needed)
Approved Name of Corporation
Proposed business address
Proposed authorized Capital Stock
Complete Mailing Address. Birthdates of incorporators and directors, and
nationality
Tax Identification Number for Filipino incorporators/ directors
Proposed date of Annual Meeting
Proposed Fiscal Year Ending

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Business Permit Makati City

Applicants should primarily apply for Locational Clearance at the Zoning

Division, 5th Floor, Old Building of Makati City Hall (MCH) and have it notarized. The
office will assess if the application is for processing or for inspection. If the
application is assessed for processing, the locational clearance will be release after
3 working days. Otherwise, if the application is assessed for inspection, the
locational clearance will be release after 5 working days.
Next, the business registration form may be acquired at the BPLO ground
floor of the new Makati City Hall. The insurance can be bought at the accredited
insurance company, while the Cedula can be purchased at the City Treasurers
Office. The application would then be submitted to the BPLO assessor, who will then
assess how much the fees will be. After the assessment, the BPLO officer will have
the assessment validated. The application and assessment will be submitted to the
receiving section of the BPLO. The BPLO staff will give a receiving copy. The
payment can be processed the day after the BPLO turned over your application to
the cashiers office.
The applicant should pay for the mayors permit fee. After the payment, the
applicant should proceed to the assigned Fire Department personnel located at the
lobby of new building of the MCH. The paid application should then be presented for
the issuance of fire permit. The sanitary permit should be secured through
completion of various sanitary tests. Finally, the business permit will be issued
through the Releasing of Permits.
The applicants should acquire COR (Certificate of Registration) and register TIN at
the BIR. The documents needes are as follows: BIR Forms No. 1903 for registration,
0605 for payment, and 2000 for DST. They should expect to pay a P100 certification
fee and P15 DST (Documentary Stamp Tax).
Next, they should pay the BIR registration fee and DST at their bank of choice. Once
the TIN is acquired, the applicants would have to go to their bank and pay some BIR
fees there as well. The registration fee is P500, and the DST depends on the original
issuance of shares of stock.
Then they should register books of account at the BIR using BIR Form No. 1905 or
register excel spreadsheets ("loose leaf") or a CAS using BIR Form No. 1900. For the
second option, it will have to be inspected and evaluated by the BIR, which they are
required to do within 30 days of receipt of the application form and complete
documentary requirements.
The applicants would then be required to obtain authority to print at the BIR using
Form No. 1906. They also should be able to print receipts and invoices at any
authorized printing company, and expect to pay about P3,500. There is also an

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option to print their own receipts and invoices. Lastly, the applicants should have
their books of account and PCD (Printer's Certificate of Delivery of Receipts and
Invoices) stamped at the BIR.

Documentary Requirements:

Copy of SEC Registration: Articles of Incorporation

Copy of Mayor's Business Permit or duly received Application for Mayor's
Business Permit
TINs of Incorporators

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