How To Register A Business In Makati City

There is perfectly good reason why Makati city has become a hub for investment opportunities both for local and international community. As amended by the Republic Act 8748, Department of Trade and Industry recognizes Makati as part of Economic Zones and with the government's inititaive to accelerate the competitiveness of domestic labor, materials and goods in global market, the state also offers incentives to attract legitimate and productive foreign businesses.

How do you get started with business registration? Before duly accomplishing the city requirements, choose the approriate structure for the enterprise. Under Philippine laws, it could be categorized as (a) sole proprietorship, (b) partnership which is treated as either general partnerships or limited partnerships, and (c) corporation which could be further classified as stock corporation and non stock corporation. Below are some of the business requirements in Makati.

1. Completed Business Permit Application Form with Engineering Department Stamps and assessment. 2. Locational Clearance prior to Business permit 3. Lease contract between Lessor and Lessee 4. Business Name registration with the Department of Trade and Industry. Validity of Business Name Registration certificate is 5 years and shall be valid only at the applied business address thereon, hence, a separate registration should be inquired for each branch office. 5. Approved Articles of Incorporation or Partnership by Securities and Exchange Commission 6. Barangay Clearance 7. Public Liability Insurance 8. Issued Fire Safety Inspection Certificate by Bureau Of Fire Department

Additional Requirements may be instructed depending on the the nature of business.

You may go to the Business Permit section, which is ground Floor of Makati City hall to receive and acquire necessary forms from the processing clerk. Once accomplished, have the Business Permits Office accept the application and documents. The officials will evaluate the corresponding taxes and fees while the OIC Head recommends approval. The City Administrator will then sign the billing statement and application to indicate approval. Bring the approved application and billing statement at window 7 of Business Tax division for payment. Proceed with the fire safety inspection notice through Bureau of Fire Department located at the New Makati City hall Building II. Acquire Health/Sanitation Certificate at the Health Department of Building I. Finally, ask for Mayor's/Business Permit Card and approved license at the Business Permit Office.

Department of Trade and Industry also promotes an Investment Assistance and Service Department for investors, to look after their business operational concerns and to provide fortright resolution to recurring issues, hence, creating a profitable environment for business ventures and expansion.

Note:

The legal framework and processes involved in registering a foreign owned business could be expanded to an initial assessment which include financial assets. For ease of registration, there are companies who offer services that take care of all the nitty gritty essentials. For more info, you can email us at activespaceph@gmail.com.

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Sources: http://investphilippines.gov.ph/ http://www.makati.gov.ph/ http://www.peza.gov.ph/