Bpo Call Centre
Listed below is a detailed summary of the bureaucratic and legal hurdles an entrepreneur must overcome in order to incorporate and register a new firm, along with their associated time and set-up costs. It examines the procedures, time and cost involved in launching a commercial or industrial firm with up to 50 employees and start-up capital of 10 times the economy's per-capita gross national income (GNI).
The information appearing on this page was collected as part of the Doing Business project, which measures and compares regulations relevant to the life cycle of a small- to medium-sized domestic business in 183 economies. The most recent round of data collection for the project was completed in June 2010. No | Procedure | Time to Complete | Associated Costs | 1 | Verify and reserve the availability of the company name with the Securities and Exchange Commission (SEC)
The availability of the proposed company name can be verified via the SEC's online verification system at no charge. Reservation of the name, once approved by the SEC, costs Php40/month for the first 30 days. The company name can be reserved for a maximum of 120 days for a fee of PHP 120, which is renewable upon expiration of the period. | 1 Day | PHP 40 | 2 | Deposit paid-up capital in the Authorized Agent Bank (AAB) and obtain bank certificate of deposit
The company is required by law to deposit paid-up capital amounting to at least 6.25% of the authorized capital stock of the corporation. This paid-up capital must not be less than PHP 5,000. Some banks in Manila charge a fee up to PHP 105 for each certificate of deposit. | 1 Day | No Charge | 3 | Notarize articles of incorporation and Treasurer's affidavit with notary public
According to Section 14 and 15 of the Corporation Code, articles of incorporation should be notarized before filing with the SEC. | 1 Day | PHP 500 | 4 | Register company with the Securities and Exchange Commission
Comments: The company can
The information appearing on this page was collected as part of the Doing Business project, which measures and compares regulations relevant to the life cycle of a small- to medium-sized domestic business in 183 economies. The most recent round of data collection for the project was completed in June 2010. No | Procedure | Time to Complete | Associated Costs | 1 | Verify and reserve the availability of the company name with the Securities and Exchange Commission (SEC)
The availability of the proposed company name can be verified via the SEC's online verification system at no charge. Reservation of the name, once approved by the SEC, costs Php40/month for the first 30 days. The company name can be reserved for a maximum of 120 days for a fee of PHP 120, which is renewable upon expiration of the period. | 1 Day | PHP 40 | 2 | Deposit paid-up capital in the Authorized Agent Bank (AAB) and obtain bank certificate of deposit
The company is required by law to deposit paid-up capital amounting to at least 6.25% of the authorized capital stock of the corporation. This paid-up capital must not be less than PHP 5,000. Some banks in Manila charge a fee up to PHP 105 for each certificate of deposit. | 1 Day | No Charge | 3 | Notarize articles of incorporation and Treasurer's affidavit with notary public
According to Section 14 and 15 of the Corporation Code, articles of incorporation should be notarized before filing with the SEC. | 1 Day | PHP 500 | 4 | Register company with the Securities and Exchange Commission
Comments: The company can