Frequently Asked Questions

 

General Inquiries

Is outsourcing my business registration legal?

Yes, outsourcing your business registration services is legal. It’s like a hiring an accounting or law firm to do the work for you.

Does the packages include all expenses related to business registration?

The packages do not include government fees.

Why should I register my business?

Registering your business legally entitles you and your business or startup many benefits, including incentives and perks. Operating without the right registration documents can cause you expensive penalties or worse, government action to stop you from operating.

Why choose Permitly?

Permitly helps you save the headache and time on administrative tasks so that you can focus on building your business. For entrepreneurs, time is money. Let us help you with the boring task so you can spend your energy and resources on serving your customers instead. Plus, Permitly is backed up with 15 years of experience as part of CJ Management Group, Inc., so you’re in good hands.

I am not a Filipino national, can I still set up a business in the Philippines?

Yes you are very much welcome to set up your business in the Philippines, as long as you have a local representative.

Can I register my home address as office address?

It depends on the type of entity or business and on which city you will be operating in. You may contact us for a free consultation should you need help on this.

I need help with my taxes and accounting, does Permitly also offer these services?
Permitly has partnered with reputable companies that can help you with your companies that can help you with your accounting needs.

If you would want to DIY your entries, we can connect you to our partner, Taxumo, here

If you need someone to hold your hand throughout the process, we can connect you to Beyond D’Numbers, here

What is Sole Proprietorship?

A Sole Proprietorship is a type of a business entity that is run by just one person. In this kind of business, there is no legal distinction between the business and the owner.

What is a Partnership?

A partnership is a type of business entity between two or more individuals who have agreed to manage and operate a company.

What is a Corporation?
A corporation is a business entity that is separate from its owners. A corporation has more advantages compared to a sole proprietorship because as a separate entity, it can have different benefits and minimum liability. A sole proprietorship on the other hand, has no legal distinction from the owner, which means that the owner is completely liable for all actions of the company.
What is paid up capital in a corporation?

Paid up capital is the money contributed by the shareholders of a corporation in exchange of stocks.

What is the minimum paid up capital in a corporation?

The minimum paid up capital in the Philippines is PHP 250,000 or 25% of the minimum subscribed capital which is PHP 1,000,000.

How many board of directors do I need to form a corporation?

A corporation should at least have 5 incorporators or board of directors.

Need some guidance with business registration?

Schedule a free 15 minute consultation. To maximize your session, kindly send your questions here so we can match you with the right account manager.