Frequently Asked Questions

 

General Inquiries

Is outsourcing my business registration legal?

Yes, outsourcing your business registration services is legal. It’s like 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, however, estimates are provided for your reference.

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 company’s accounting needs. Feel free to contact us so we can help you connect with the accountant who matches your requirements.

What is a 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. Unlike a corporation, partners are operating the business in their personal capacity. 

What is a Corporation?

A corporation is a business entity formed by two or more individuals or another legal entity which acts as a single entity that is separate from its owners (also known as shareholders). Having a separate and distinct entity of its own, it can enter into contracts, hire employees, own assets with limited liability. Thus, protecting its owners’ personal assets during a litigation.

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 25% of the minimum subscribed capital. 

How many shareholders do I need to form a corporation?

A corporation should at least have 2 incorporators or shareholders.

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.