Business Registration Philippines Sole Proprietorship

There is little paperwork needed.

Business registration philippines sole proprietorship. On may 14 2017. A sole proprietorship is the most basic type of business organization you can run in the philippines. This type of business is defined as owned and managed by an individual.

Fill out bir form 1901 or application for registration for sole proprietorship and bir form 1905 for the registration of the books of accounts. Requirement for sole proprietorship registration. There are three main types of businesses.

Then you need to pay the annual registration fee using bir form 0605 and documentary stamp tax using bir form 2000 for loose stamp and for the office space lease if applicable. The application of a sole proprietorship must be done with the dti regional or provincial offices. One of the biggest differences when you re registering yourself as sole proprietor is that you will be required a dti certificate as a requirement.

You only need to apply for a business name and register your business with the department of trade and industry dti national capital region ncr. Operating a business as a sole proprietor is only possible for local filipinos only. Register a business name with dti to acquire a dti certificate of registration.

Certificate of registration form dti. Register with the dti. Fortunately this step is super easy because everything can be done online.

Register as a sole trader or sole proprietor in the philippines. Three types of business in the philippines. Advantages of a sole proprietorship in the philippines.