Philippines

Ease of Doing Business in

Makati - Philippines

This page summarizes Doing Business data for Makati. The first table shows its rank among 25 cities/regions in Philippines. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.

Economy Overview

Region East Asia & Pacific
Income Category Lower middle income
Population 96,706,764
GNI Per Capita (US$) 2,470.00
Ease of Doing Business Rank among 25 cities in Philippines Top city in Philippines
n.a. n.a.
Topic Rankings Rank among 25 cities in Philippines Top city in Philippines
Starting a Business 20 General Santos
Dealing with Construction Permits 9 Davao City
Registering Property 21 Valenzuela

Subnational Data


Starting a Business

Info

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.

Indicator Makati 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)
19 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)
33.0 37.8 11.1

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)
36.0 29.8 3.6

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)
6.0 293.3 10.4
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 cost
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 2,665 (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 After issuance of the SEC certificate of incorporation, pay the annual community tax and obtain the community tax certificate (CTC) from the City Treasurer's Office (CTO) 1 day PHP 500
6 Obtain barangay clearance 1 day PHP 650
7 Notarize the business permit and locational clearance application forms at the notary 1 day PHP 200 (PHP 100 per document)
8 Obtain the locational clearance from the Urban Development Department–Zoning Administration Division (UDD-ZAD) 4 days PHP 2,700 (PHP 200 filing fee + PHP 2,500 processing fee equivalent to PHP 12.50 per square meter assuming an area of 200 square meters)
* 9 Receive inspection for the locational clearance from the UDD-ZAD 1 day No cost
10 Obtain the business permit to operate from the Business Permits Office (BPO) 4 days PHP 14,304 (PHP 833.99 business tax (10% of 1% of paid up capital) + PHP 6,000 mayor’s permit fee + PHP 5,400 garbage fee + PHP 600 sanitary permit fee + PHP 1,470 FSIC (10% of all regulatory charges)
* 11 Present the official receipt at the Makati Health Department (MHD) for the issuance of the sanitary permit 1 day No cost (fees included in procedure 10)
12 Buy special books of account at bookstore 1 day PHP 250 (between PHP 130 - PHP 400)
13 Apply for Certificate of Registration (COR) and TIN at the Bureau of Internal Revenue (BIR) 2 days PHP 15 (documentary stamp tax)
14 Pay the registration fee and documentary stamp taxes (DST) at the AAB 1 day PHP 4,670 (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)
15 Obtain the authority to print receipts and invoices from the BIR 1 day No cost (fees included in procedure 14)
16 Print receipts and invoices at the print shops 7 days PHP 3,500 (between PHP 3,000 - PHP 3,800)
17 Have books of accounts and Printer’s Certificate of Delivery (PCD) stamped by the BIR 1 day No cost
18 Register with the Social Security System (SSS) 2 days No cost
19 Register with the Philippine Health Insurance Company (PhilHealth) 1 day No cost
* Takes place simultaneously with another procedure.

Subnational Data


Close