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.
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