Philippines

Ease of Doing Business in

Philippines

This page shows summary Doing Business 2012 data for Philippines. The first table lists the overall "Ease of Doing Business" rank (out of 183 economies) and the rankings by each topic. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.

Economy Overview

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Economy Summary
Starting a Business
Dealing with Construction Permits
Getting Electricity
Registering Property
Getting Credit
Protecting Investors
Paying Taxes
Trading Across Borders
Enforcing Contracts
Resolving Insolvency
Region East Asia & Pacific
Income Category Lower middle income
Population 93,616,853
GNI Per Capita (US$) 2,050.00
Doing Business 2012 Rank Doing Business 2011 Rank Change in Rank
136 134 down -2
Topic Rankings DB 2012 Rank DB 2011 Rank Change in Rank
Starting a Business 158 155 up -3
Dealing with Construction Permits 102 98 up -4
Getting Electricity 54 57 up 3
Registering Property 117 109 up -8
Getting Credit 126 116 up -10
Protecting Investors 133 131 up -2
Paying Taxes 136 127 up -9
Trading Across Borders 51 54 up 3
Enforcing Contracts 112 114 up 2
Resolving Insolvency 163 161 up -2

Economy Profile

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Starting a Business

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The challenges of launching a business are shown below. Included are: the number of steps entrepreneurs can expect to go through to launch, the time it takes on average, and the cost and minimum capital required as a percentage of gross national income (GNI) per capita.

DB 2012 Rank 158 DB 2011 Rank 155 Change in Rank down-3
Indicator Philippines East Asia & Pacific OECD

The total number of procedures required to register a firm. A procedure is defined as any interaction of the company founders with external parties (for example, government agencies, lawyers, auditors or notaries).

View methodology Procedures (number)
15 7 5

The total number of days required to register a firm. The measure captures the median duration that incorporation lawyers indicate is necessary to complete a procedure with minimum follow-up with government agencies and no extra payments.

View methodology Time (days)
35 37 12

Cost is recorded as a percentage of the economy’s income per capita. It includes all official fees and fees for legal or professional services if such services are required by law.

View methodology Cost (% of income per capita)
19.1 22.7 4.7

The amount that the entrepreneur needs to deposit in a bank or with a notary before registration and up to 3 months following incorporation and is recorded as a percentage of the economy’s income per capita.

View methodology Paid-in Min. Capital (% of income per capita)
5.2 20.1 14.1
No. Procedure Time to Complete Associated Costs
1 Verify and reserve the company name with the Securities and Exchange Commission (SEC) 1 day PHP 40
2 Deposit paid-up capital in the Authorized Agent Bank (AAB) and obtain bank certificate of deposit 1 day no charge
3 Notarize articles of incorporation and treasurer's affidavit at the notary 1 day PHP 500
4 Register the company with the SEC and receive pre-registered Taxpayer Identification Number (TIN) 3 days (PHP 1,667.99 filing fee equivalent to 1/5 of 1% of the authorized capital stock or the subscription price of the subscribed capital stock, whichever is higher but not less than PHP 1,000 + PHP 16.68 legal research fee (LRF) equivalent to 1% of filing fee but not less than PHP 10 + PHP 500 By-laws + PHP 150 for registration of stock and transfer book (STB) required for new corporations + PHP 320 STB + PHP 10 registration for SEC bulletin)
5 Obtain barangay clearance 1 day PHP 500
6 Pay the annual community tax and obtain the community tax certificate (CTC) from the City Treasurer's Office (CTO) 1 day PHP 500
7 Obtain the business permit to operate from the BPLO 6 days (PHP 2,084.98 business tax (25% of 1% of paid-up capital) + PHP 200 mayor’s permit + PHP 150 sanitary inspection fee + PHP 50 signboard fee + PHP 250 business plate + PHP 100 QCBRB + PHP 545 zoning clearance + PHP 1,300 garbage fee+ PHP 259.5 FSIC (10% of all regulatory fees))
8 Buy special books of account at bookstore 1 day PHP 400
9 Apply for Certificate of Registration (COR) and TIN at the Bureau of Internal Revenue (BIR) 2 days PHP 100 (certification fee) and PHP 15 (documentary stamp tax, in loose form to be attached to Form 2303)
10 Pay the registration fee and documentary stamp taxes (DST) at the AAB 1 day (PHP 500 registration fee + PHP 4,169.97 DST on original issuance of shares of stock. DST on the lease contract is not included in the computation of the cost)
11 Obtain the authority to print receipts and invoices from the BIR 1 day no charge
12 Print receipts and invoices at the print shops 7 days PHP 3,500
13 Have books of accounts and Printer’s Certificate of Delivery (PCD) stamped by the BIR 1 day no charge
14 Register with the Social Security System (SSS) 7 days no charge
15 Register with the Philippine Health Insurance Company (PhilHealth) 1 day no charge
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