How to register a NON-Stock, NON-Profit ORGANIZATION with the Philippines

SEC

1. Name Reservations

The first step in registering a business in the Philippines is to reserve a name by either
visiting the SEC or through their online reservation system
http://iregister.sec.gov.ph/MainServlet.

First time of users of the system will need to signup as a new user. Once you have an
account you will be able to verify and reserve proposed company names.

The 8 Steps to Philippines SEC Name Reservation

Step 1. Accept Terms and Conditions

click Accept

Step 2. Select Type of Company

The choices are:

1 Stock Corporation
2 Non-stock Corporation
3 General Partnership
4 Limited Partnership
5 Professional Partnership
6 Foreign Stock
7 Foreign Non-Stock
8 Foreign Partnership

Step 3. Select Type of Industry

This list displays the industries that require endorsement from other government
agencies. Select the industry listed to classify your company. If your companys
classification does not fall under any of the listed industries, click Continue.

(for industries that do not require endorsement from other government agencies see
below)
Select the type of industry listed to classify your company. If the list indicates that there is
more than one page, click Next or Last to view the other industries. You may select the
page number from the dropdown box and click Go To Page to view your selected
industry page. You may enter a keyword in the Search Industry field below and click
Search to look-up for industries to match your keyword.

(you may have to drill down the industry by clicking 5 or 6 times to get to the next step)

Step 4. Verify Company Name

Enter your Proposed Company Name at the field provided. Then select the appropriate
Company Suffix of your Company Name by clicking on the drop-down box below. The
Company Suffix you selected should not be included at the Proposed Company Name
you entered. To verify Proposed Company Name, click Continue. To go back to the
previous page, click Back.

For a domestic corporation you have the following choices: Inc., Incorporated, Corp.,
Corporation.

If the system accepts the name you will see the following:

Checking your proposed name against:

>> Offensive words PASSED
>> Internationally known foreign corporations PASSED
>> Registered names PASSED
>> Reserved names PASSED
>> Company-owned words PASSED
>> Restricted words in accordance to existing laws PASSED

Proposed Company Name is Available!

Step 5. New User Profile

Provide information for the following Profile details. Click Continue to complete your
other Profile details. To return to the previous page, click Back.

Step 6. Reserve Company Name

Select the duration of reservation and method of payment for your company name. Enter
the name of the person who is reserving the current company name on the Reserved By
field.

SEC Teller or UnionBank Teller payments should be in the form of Cash, Cashier
Checks, Manager Checks or Certified Checks.

Funds Transfer payments require you to have a UnionBank account. If you do not have a
UnionBank account, open one at the nearest UnionBank branch. To use the funds transfer
facility, enroll first by clicking the UnionBank Funds Transfer Enrollment link below. If
you are already enrolled, click Continue button to proceed.

A name can be reserved for a maximum of 90 days. Extensions are possible.

The cost is PHP40 per 30 days. It is best to pay the reservation fee at the SEC Teller as
the bank API is not always able to update the SEC Name Reservation Database.

Step 7. Review Reservation Summary

Make sure that your Reservation Details are correct. Click Submit to finalize the
reservation. If you want to make changes, click Back.

Step 8. Print Reservation Notice

Its important to keep the original printout as you will have to present it to the SEC.

2. Articles of Incorporation / By Laws approval

At this stage, it is required to buy SEC forms like (1)ARTICLE OF INCORPORATION

and (2)CODE OF BY-LAWS, fill it up, and submit to SEC.

At least 5 incorporators is needed. It is highly suggested that they are also the officers of
the company.

3. Get Certificate of Registration

4. Registration of Stock and Transfer Book

5. Proceed to BIR and Mayors Permit