Build a Strong Foundation with Business Registration

 The Philippine Board of Investments (BOI) promotes and develops investments in the Philippines, helping Filipino and foreign investors explore opportunities and grow their businesses through a one-stop support system.

 The Bureau of Internal Revenue (BIR), under the Department of Finance, is responsible for assessing and collecting national taxes, fees, and charges, as well as enforcing related penalties and fines.

 A Mayor’s Permit is an annual license issued by the Mayor allowing a business to operate within the city or municipality, with renewal required before the end of January each year.

 Under the Social Security Act of 1997, all businesses—private, professional, or informal—are required to provide social insurance for their employees.

 The Securities and Exchange Commission (SEC) is the Philippine government agency that regulates the corporate sector, formulates policies on the securities market, and advises Congress and other agencies on related matters.

 The Philippine Economic Zone Authority (PEZA) promotes economic zones for foreign investments and supports investors in export-oriented businesses by providing registration, incentives, and facilitation within designated PEZA Special Economic Zones.

 All employers, whether government or private, must register with PhilHealth to provide social health insurance coverage for their employees.

 Republic Act 7835 requires employers to contribute to the Home Development Mutual Fund (Pag-IBIG Fund), a savings system that provides members with affordable housing and land loans, payable for up to 30 years.