Our Corporate Compliance Team can assist you in the Philippines to comply with legal and regulatory requirements. These services include assisting companies in maintaining corporate records, filing annual reports, and complying with tax and other government regulations. Here are some of the key corporate compliance services we offer.
Corporate Secretarial Services
Our Corporate Secretarial services include maintaining corporate records, preparing and filing annual reports, and managing board meetings and resolutions. These services help ensure that your company is in compliance with legal and regulatory requirements in the Philippines.
Tax Compliance Services
Our Tax Compliance services include assisting companies in filing tax returns, paying taxes on time, and complying with tax regulations. These services can help companies avoid penalties and fines for non-compliance.
Employment Compliance
Our Employment Compliance Services can help companies comply with labor laws and regulations, including maintaining proper employment records, complying with minimum wage and overtime requirements, compliance with Social Security System (SSS) laws and benefits, Phil health insurance (PHIC) requirements, PAG IBIG or the home development fund and providing safe working conditions.
Regulatory Compliance
Our Regulatory Compliance Services can help companies comply with industry-specific regulations, such as those related to banking, insurance, and healthcare in addition to other host of industries.
Company / Trade Name
- Once your business structure has been finalized, the next step is to reserve a company name with the Securities and Exchange Commission (SEC) of the Philippines for corporations, partnerships and one person corporation (OPC) or with the Department of Trade and Industry (DTI) for sole proprietorship entities.
- Once your business structure has been finalized, the next step is to reserve a company name with the Securities and Exchange Commission (SEC) of the Philippines for corporations, partnerships and one person corporation (OPC) or with the Department of Trade and Industry (DTI) for sole proprietorship entities.
- Trade name is used for a single owner company
Business Permits
- After registering the company with the SEC, the next step is to obtain business permits from local government units (LGU). The required permits and licenses vary depending on the nature of the business and its location.
- Each LGU has its own governing body “Sanggunian” which is its legislative arm. Consequently, each LGU has ordinances that are independent and unique from other LGU's.
- Each LGU also has its own rates for different classifications of businesses under their territory. Check the City/ Municipal ordinances as this will affect assessments in annual permits and licenses.
Bureau of Internal Revenue (BIR)
- All companies in the Philippines must register with the BIR and obtain a Tax Identification Number (TIN).
- The company must also register Percentage Tax for Value-Added Tax (VAT) if its annual gross sales exceed the thresholds set by the National Internal Revenue Code (NIRC).
- Receipts/invoices or other commercial documents must also be registered with the BIR and would need an Authority to print (ATP).
- Books of accounts, as well must be stamped and registered with the Bureau. If preferring to register a computerized system or loose paper reports, there will be a list of documents and requirements to be complied with before a company is allowed registration.
Registration with Government Agencies
- Depending on the nature of the business, additional registrations with other government agencies may be required.
- For example, companies in certain industries may need to register with the Department of Trade and Industry, Technical Education and Skills Development Academy (TESDA), Department of health (DOH), Department of Education (DOE), Banko Sentral ng Pilipinas (BSP), the Board of Investment (BOI), the Department of Labor and Employment, or the Philippine Economic Zone Authority.
