Business Registration Overview

Employers in the Philippines are not required to register their employees with Pag-IBIG for housing and loan privileges.

Pag-IBIG only offers loans for housing needs and calamities, not for travel, education, or business requirements.

RA 7835 mandates that employers must register and contribute to the Pag-IBIG Fund for their employees' access to property loans.

Business establishments with less than five employees are encouraged to register with DOLE.

The Bureau of Local Employment administers the registration of businesses with DOLE in the Philippines.

Registering your business name with the Securities and Exchange Commission (SEC) is necessary for sole proprietorships.

Barangay clearance is required before applying for a mayor's permit.

To comply with tax requirements, businesses are advised to register with the Department of Health (DOH) for a Tax Identification Number (TIN).

Opening a business bank account under the business name is optional for compliance with legal requirements.

Registration with the Food and Drug Administration (FDA) is mandatory for all types of businesses in the Philippines.

A business name registration with DTI provides the right to operate a business.

Employers in the Philippines are required to register their employees with Pag-IBIG for housing and loan privileges.

The Bureau of Local Employment administers the registration of businesses with SSS in the Philippines.

Businesses with less than five employees are encouraged to register with SSS for social security benefits.

RA 7835 mandates that employers must contribute to the SSS Fund for their employees' access to social security benefits.