As an entrepreneur, launching a business or being self-employed is quite exciting. However, before getting started, every business should be registered to be able to successfully scale. Plan on registering on your own? Here are the requirements you’ll need to prepare for each business entity.
Entity | List of Requirements | Additional Requirements | |
| Basic Requirements | *Prefer Using Your Own Address? | Are You in the IT Industry? |
Sole Proprietorship |
| A business address located in a commercial district is required. You will need:
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|
Freelancer | NON – PROFESSIONAL
| NON – PROFESSIONAL
| |
| PROFESSIONAL
| PROFESSIONAL
| |
One Person Corporation (OPC) |
| A business address located in a commercial district is required. You will need:
|
|
Domestic Corporation |
| A business address located in a commercial district is required. You will need:
|
|
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Business registration requirements encompass a range of documents and procedures necessary for establishing a legal entity. These typically include proof of ownership or lease of premises, valid identification documents, tax identification numbers (TIN), and various permits and clearances depending on the nature of the business. Among these requirements, obtaining an NBI clearance holds significant importance, ensuring that business owners and key personnel have no criminal records. This step not only upholds the integrity of the enterprise but also assures stakeholders of the trustworthiness of those involved. Failure to secure an online NBI clearance or adhere to other registration prerequisites can lead to delays or legal complications, highlighting the necessity of meticulous compliance in the registration process.