Author: Mark Virgil Lofranco

Starting a corporate venture in the Philippines? You’re embarking on a promising journey in a nation known for its entrepreneurial spirit. However, proper corporate registration is crucial for a smooth start. First, determine the business structure best suited for your needs. Options include Sole Proprietorship, Partnership, Corporation, and the emerging One Person Corporation (OPC). Each…

Here are five reasons why you need a bookkeeper in the Philippines: Compliance with local tax laws: The Philippines has complex tax laws that are constantly changing. A bookkeeper can help ensure that your business is in compliance with these laws, which can help you avoid penalties and fines. Accurate financial reporting: A bookkeeper can…

The Philippines is a popular destination for foreign investors looking to establish a business presence in Southeast Asia. One of the most significant advantages of doing business in the Philippines is the presence of the Philippine Economic Zone Authority (PEZA). Companies that register with PEZA enjoy several advantages, including tax incentives, streamlined procedures, and a…

The Philippines has become an attractive destination for foreign investors looking to do business in Southeast Asia. With its strategic location, large market size, and abundant natural resources, the Philippines offers several advantages for businesses looking to establish a presence in the region. In this article, we will explore some of the reasons why you…

SEC REGISTRATION FOR DOING BUSINESS IN THE PHILIPPINES Which Types of Businesses Require Registration with the SEC? As part of the powers and functions provided by Presidential Decree No 902-A, the Securities and Exchange Commission is given absolute “jurisdiction, supervision and control over all corporations, partnerships, or associations, who are the grantees of primary franchise and/or a license…

Social Security System (SSS) Employers must submit the SSS coverage of an employee within (30) days of employment. The SSS website provides detailed information on the responsibilities and obligations of an SSS employer. To be a registered SSS employer, you must accomplish and submit the following: Single Proprietors’ document requirements: Employer Registration – SSS Form…

What is a Mayor’s Permit? A Mayor’s Permit is a license issued by a Mayor for a company for the operation of its business under its jurisdiction. This permit is renewable every year and the deadline for the renewal is before the end of January of each year. How to Get a Mayor’s Permit in…

WHAT IS THE PURPOSE OF THE BIR? The Bureau of Internal Revenue is mandated by law to assess and collect all national internal revenue taxes, fees and charges, and to enforce all forfeitures, penalties and fines connected therewith, including the execution of judgements in all cases decided in its favor by the Court of Tax…

Department of Trade and Industry A business without a name is barely a business because it doesn’t have an identity that customers can remember. It is your company’s branding, so it should attract attention and can be easily recalled. As a sole owner, you’ll need to process your business registration at the Department of Trade…

If you are a foreign national looking to work in the Philippines, getting a working visa is a crucial step in the process. The Philippines is a popular destination for foreign workers due to its growing economy and its status as a hub for business process outsourcing and other industries. In this article, we will…