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Philippines Company Set Up Procedures

Philippines company set up is complicated by bureaucracy and lack of transparent procedures. That said, Healy Consultants takes care of many of the administrative hassles which tend to accompany Philippines company registration. By taking a logical approach to Philippines company set up, as well as our experience in this market, we are able to complete Philippines company registration with minimal disruption to our clients. The following is an overview of the typical engagement procedures relating to Philippines company set up:  
1.
Our client settles our fees and signs Healy Consultants' engagement letter, prior to Philippines company set up.
2.
Healy Consultants provides our client with a detailed engagement plan, outlining a roadmap for Philippines company registration, thus minimising unwanted surprises and meeting client expectations.
3.
Our client and Healy Consultants agree the legal, tax and accounting implications of Philippines company registration.
4.
Prior to Philippines company set up, Healy Consultants collects the required due diligence from our client, including passport copies, proof of address, and details of the company's intended activities.
5.
Our client and Healy Consultants also agree the company name and the optimum corporate structure, including shareholders and directors.
6.
Healy Consultants' incorporation team performs a company name search with the Securities and Exchange Commission (SEC) and, if approved, begin Philippines company set up.
7.
Healy Consultants' incorporation team applys for the Community Tax Certification (CTC) a prerequisite to obtain the Barangay (district) clearance.
8.
Once the CTC is obtained, Healy Consultants' incorporation team applies for a Barangay (district) clearance. Using this document a license or permit for the company may be obtained.
9.
Healy Consultants' staff emails the following corporate documents to our client for his signature and return to us:
  • Consent to act as director and shareholder;
  • The Memorandum of Association;
  • The Articles of Association.
10.
Healy Consultants' Philippines company set up team liaises with the Philippines Securities and Exchange Commission and completes registration of your Philippines company by submitting the signed documents and paying the statutory Philippines company registration fees.
11.
Healy Consultants’ incorporation team receives an email of the Certificate of Registration from the Board of Investments. Our team immediately emails the same to you.
12.
Healy Consultants will also obtain the mayor’s permit/municipal license to operate, at the Licensing Section of the Mayor's Office.
13.
Healy Consultants incorporation team applies for Tax Identification Number (TIN). During the registration process, we indicate in the application the types of taxes we expect to be liable for, including VAT.
14.
Healy Consultants compliance team prepares all post Philippines company set up documents, including minutes of the first meeting, preparation of By Laws, assurance of initial share certificates.
15.
Following Philippines company registration, Healy Consultants provides our client with a complete company kit including i) original Certificate of Incorporation ii) a bound copy of the Philippines government approved Articles of Association iii) original share certificates iv) an original Philippines government receipt as evidence of payment of annual Philippines company registration and license fees.
16.
To support Philippines company set up, Healy Consultants' Banking Team completes corporate bank account opening for our client. The account includes world-class multi-currency Internet banking facilities and our client is not required to visit the Philippines to complete this task. Healy Consultants works with internationally recognised banks such as HSBC, Standard Chartered and Citibank to provide corporate bank account services.
17.
Healy Consultants provides our client with a local business address in Philippines for invoicing purposes, together with telephone, fax and email support.
18.
Following Philippines company set up, Healy Consultants assists our client with business website building, search engine advertising, as well as stationery and logo design.
19.
Healy Consultants assists our client to obtain corporate finance, trade finance and to open merchant accounts.
20.
If required, Healy Consultants assists our client to locate business premises in Philippines and recruit local staff to support Philippines company set up.
21.
Following Philippines company registration, Healy Consultants e-mails an engagement feedback survey to our client.
Contact Us
For more information on Philippines company registration, email email@healyconsultants.com or telephone us at (+65) 6735 0120.
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Buy the Philppines chapter of Healy Consultants' Asia Business Set Up book for US$100, to order call +65 6735 0120 or e-mail info@healyconsultants.com

 


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