How To Register Non Profit Organization In The Philippines

Bir tax identification number tin of each incorporator.

How to register non profit organization in the philippines. Securities and exchange commission sec registration requirements. In order to set up a corporation in the philippines the incorporation process is lodged with the securities exchange commission sec. While this corporation enjoys some tax breaks legal procedures must be followed during the set up. Register with the bureau of internal revenue bir once you have the mayor s business permit you can now register with the bir. To register a non stock non profit corporation you need to have the following to start with.

At least five 5 incorporators majority of them must be residents in the philippines. A foundation is a non stock non profit corporation established for charitable religious educational athletic cultural literary scientific social welfare or other similar objectives. New comment how to register a non stock non profit corporation with the philippines sec yiv7164620604 a hover color red yiv7164620604 a text decoration none color 0088cc yiv7164620604 a yiv7164620604primaryactionlink link yiv7164620604 a yiv7164620604primaryactionlink visited background. What are the process. Starting a foundation in the philippines is somehow similar to start a profitable generating business.

I m in the philippines thanks. A foundation applying for registration shall submit or comply the following documents requirements in addition to requirements for non stock non profit corporation. We have some sponsors abroad but before we start operating we need to register our organization. Generally non profit entities have the same formal registration requirements as normal business enterprises. A foundation is a type of non profitable organization that should donate money or goods for charitable reasons.

Notarized certificate of bank deposit of the contribution of not less than php1 000 000. Once you receive ngo status operate your non profit organization according to your country s rules and regulations. Friday july 29 2016 8 10 am subject. Then apply for ngo status through the applicable governmental department. Complete address of each incorporator.

Statement of willingness to allow sec to conduct an audit. Go to the regional district office rdo where your business is located. However in lieu of the authorized capital stock and minimum subscription requirements it is required that the majority of its members should have philippine residency. Thus the following documents must be submitted with the sec. The following are guidelines on how to register a foundation in the philippines.