How to register your business in the Philippines with PEZA
Looking to register your business in the Philippines and receive tax incentives? Registering with the Board of Investments (BOI) and Philippine Economic Zone Authority (PEZA) can help. As an entrepreneur, registering with investment promotion agencies can increase your chances of success by freeing up finances. Follow these guides to register with BOI or PEZA and…
PEZA registration can be a long process. Here is a step-by-step guide on how to register your business with the Philippine Economic Zone Authority (PEZA).
PEZA registration process
Generally, PEZA follows a 7-step registration process:
Submit application documents for pre-screening
Pay application fee of โฑ3,600 and secure official receipt
Submit the duly accomplished application form along with other required documents
Wait for receipt of Board Resolution
Submit Pre-Registration requirements as stated in Board Resolution
Pay registration fee of โฑ6,000
Sign registration agreement with PEZA
To be eligible to register with PEZA, you must ensure that business operations have not yet begun and you are located within the designated Special Economic Zones (SEZs) provided by PEZA/
PEZA documentary requirements
PEZA requires enterprises to provide the following documents upon registration. However, depending on your industry the agency may require additional documents to support your application.
The basic requirements for PEZA registration are:
- Application Form
- Articles of Incorporation and By-Laws
- Board Resolution of a duly authorized company representative/signatory
- Project Brief
- Anti-Graft Certificate
- Project Feasibility Study
- Secretaryโs certificate authorizing the application for registration with PEZA
Generally, the approval time for PEZA registration takes around two months, depending on the requirements submitted and the type of industry you wish to invest in.
Register your business with PEZA
Registering your business with PEZA provides many opportunities for your business, helping you secure a successful business venture in the Philippines.
How to register your business in the Philippines with BOI
Foreign enterprises who wish to set up a business in the Philippines may opt to register with the Board of Investments (BOI). To help you, here is a guide on how you can register with BOI and avail of its tax incentives for your business in the Philippines.
BOI registration process:
Generally, the BOI registration process is as follows:
File BOI Application Form along with supporting documents and the filing fee
Prepare Evaluation Report (including Publication of Notice of Filing of Application and plant visit)
Present the application form, evaluation report, and supporting documents to the BOI Management Committee
Wait for the confirmation and letter advice from the BOI Governing Board regarding Board Action
Submit letter advice to Applicant of Board Action
If approved, submit the letter of approval and comply with pre-registration requirements
Pay Registration Fee
Secure Certificate of Registration from BOI
The registration process usually takes 10 to 20 working days, depending on your business entity, nature of proposed activities, and documents provided upon registration. Moreover, you must ensure that your business meets BOIโs criteria to be eligible for the registration
BOI documentary requirements
Foreign enterprises must accomplish the following documents when registering with BOI:
- SEC Certificate of Registration
- Articles of Incorporation and By-Laws
- Audited Financial Statement (feasibility report that contains projected financial reports for the next five years)
- Income Tax Return for the past three years (if applicable)
- Board Resolution of a duly authorized company representative/signatory
- Project Report (a report that contains activities listed or is related to those listed in the SIPP)
Additionally, BOI requires foreign investors to have an equity investment in a Philippine corporation to be eligible for tax incentives.
Register with BOI and enjoy tax incentives your business
Registering your business with PEZA provides many opportunities for your business, helping you As an entrepreneur, ensuring that your business is registered with appropriate investment promotion agencies can help increase your companyโs chances of success. Doing so provides you with ways to focus your finances on other business operations while maximizing your profits and revenue.
Related resources
-
Discover how much you can save with Payoneer Checkout
Compare potential checkout savings fees between Payoneer, PayPal, and Stripe . Excludes gateway and chargeback fees
-
How to bill your international clients
Want to learn how to bill international clients when youโre based in the Philippines? In this article we spoke to three leading business owners who shared their tips to working successful international work. Learn how they collect payments and more below.
-
Global payment capabilities
capabilities map Navigate global payouts Growing to a new market? Weโll help you grow wherever you go. Leverage our global licensing footprint and robust payment infrastructure to easily pay your payees in any far flung corner of the earth. Looking for a specific route? Letโs talk. Local Currency Available SWIFT Route This payment coverage map…
-
A comprehensive guide to B2B payments: definitions, methods, and solutions
Outsourcing is a great way to grow your business. But the relationship depends on smooth, secure, on time payments. You also need to pay using local currency and payment methods. This guide shares best practices for B2B payment providers. The right payment provider helps work with the best, anywhere!
-
Business bank accounts: Characteristics, benefits & best options in the market
Choosing the right business bank account is an important decision for any business owner. Learn more about useful functions of accounts, transfers, International payments, and more in this guide.
-
Best online payment methods for faster transactions
By 2025, online payment methods are projected to exceed 50% of all transactions. Choosing the right payment solution is crucial for businesses to succeed. This article explores the best online payment methods for businesses, their benefits, features, and factors to consider when selecting the right one.
-
Financing solutions for Amazon sellers
Financing solutions are crucial when it comes to scaling your Amazon business. While traditional bank loans may not always be accessible, alternative pathways to obtain working capital exist. Read on to learn about financing options for your Amazon business.
-
Brazilian freelancers rise up
In Brazil’s dynamic job landscape, freelancing has emerged as a powerful force.But there are still unique challenges and opportunities they face. Read on to learn more about the impact they are making on the local and global market.
-
Developing a global business strategy: Benefits and steps
Developing a successful global business strategy is crucial for any business looking to expand beyond its domestic market. The benefits of entering the global market are endless. In this article, we will explore the main concepts of global business strategy.
-
How to use Payoneer Guide
Want to make and receive cross-border payments with ease? Payoneer gives you access to a universe of opportunities to make international payments, receive funds, and much more to run your global business. Read on to learn about how to get started using Payoneer today.
Latest articles
-
How to bill your international clients
Want to learn how to bill international clients when youโre based in the Philippines? In this article we spoke to three leading business owners who shared their tips to working successful international work. Learn how they collect payments and more below.
-
A comprehensive guide to B2B payments: definitions, methods, and solutions
Outsourcing is a great way to grow your business. But the relationship depends on smooth, secure, on time payments. You also need to pay using local currency and payment methods. This guide shares best practices for B2B payment providers. The right payment provider helps work with the best, anywhere!
-
Business bank accounts: Characteristics, benefits & best options in the market
Choosing the right business bank account is an important decision for any business owner. Learn more about useful functions of accounts, transfers, International payments, and more in this guide.
-
Best online payment methods for faster transactions
By 2025, online payment methods are projected to exceed 50% of all transactions. Choosing the right payment solution is crucial for businesses to succeed. This article explores the best online payment methods for businesses, their benefits, features, and factors to consider when selecting the right one.
-
How to register your business in the Philippines with PEZA
Looking to register your business in the Philippines and receive tax incentives? Registering with the Board of Investments (BOI) and Philippine Economic Zone Authority (PEZA) can help. As an entrepreneur, registering with investment promotion agencies can increase your chances of success by freeing up finances. Follow these guides to register with BOI or PEZA and…
-
Open a business bank account in the U.K: Expand your business to the U.K.
Expanding your business to the UK? You’ll need a UK bank account to do so. Pay suppliers via cheque or wire transfer, and easily get paid by your UK customers.
