There are many types of business entities in the Philippines. Some of the basic things to consider and make sure that you adhere to include the statutory rightsof an employee. When starting a business there are federal small business requirements that must be met by all start-ups. Most BFOQs arise because of safety concerns. "Many small businesses think they can fly under the radar with some of the bigger federal labor laws," said Ashley Kaplan, a senior labor and employment law attorney. If, … Also provides guidance for particular types of business owners, such as women, veterans and minorities. The basic tax would depend on your business activity. Small businesses pay on average $11,700 per year per employee in regulatory costs, and the costs of regulation to smaller businesses with 50 employees or less are nearly 20% higher than they are for the average firm. It is also connected to the four major capitals of the region which connects a million people from Asian countries, There is availability of Special Economic Zones, subject to only 5% overall tax rate, The country has an open and friendly economy which allows 100% ownership in most of the sectors, The Philippines provides well-developed communication, transportation, economic and business infrastructure, A company in the Philippines has access to the wide ASEAN market and its vast trade opportunities, Sole proprietorship – The Department of Trade and Industry (DTI), Corporation/Partnership – Securities and Exchange Commission, Cooperative – Cooperative Development Authority, Company particulars including information on directors, officers, and stockholders, Articles of incorporation (notarized) and by-laws, Registration data sheet with particulars on directors, officers, stockholders, and so forth, Written undertaking to comply with SEC reporting requirements (notarized). A representative office in the Philippines can be only set up to promote their parent company. To manage your cash flow efficiently, you will need the right deposit system in place. Dubai, Organized under foreign laws and registered as doing business in the Philippines under the Corporation Code of which less than 100% of the outstanding voting capital stock is owned by Filipinos. The business should also register with Home Development Mutual Fund (HDMF), Philippine Health Insurance Corp. (PhilHealth), and Department of Labor and Employment (DOLE). Business Setup Worldwide is a management consultancy which helps to establish your business in the international market. However, federal and state laws may require your business to have and to post policies regarding certain workplace issues such as smoking, drugs and alcohol, and sexual harassment. If you have 15 to 19 employees: You are covered by the laws that prohibit discrimination based on race, color, religion, sex (including pregnancy, sexual orientation, or gender identity), national origin, disability and genetic information (including family … A corporation in the Philippines must have at least five shareholders who stake a minimum amount of capital. Your business may be raring to hire its first employee, but have you taken all the necessary steps to set yourself up as a lawful employer? Business Setup Worldwide Articles of incorporation, by-laws and SEC registration. Credit remains to the owner of the photographs and images. Philippine labor laws that employers must know October 18, 2009 by Vanessa Abrugar Knowing laws on labor and employment is vital to one’s business because a minor violation could lead you to big trouble. The Wage and Hour Division (WHD) of the U.S. Department of Labor (DOL) administers and enforces some of the nation’s most comprehensive federal labor laws. Thus, a plan of starting a business in the Philippines is fruitful and advantageous for any entrepreneur in the world. The business should also register with Home Development Mutual Fund (HDMF), Philippine Health Insurance Corp. (PhilHealth), and Department of Labor and Employment (DOLE).

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