I will tell you that it's expensive to get a Business Permit for a Sole Proprietorship in the Philippines. Aside from the high cost, you may need to give some additional cash for the fixers or to the government employees who will make the processing fast. Plus, you also need to pay corresponding fees to other government agencies which are linked to the Business Permit processing.
Since the business I started is located in Oroquieta City, I'll enumerate the different fees or charges that encompasses the Business Permit transaction.
How much does a Business Permit cost in the Philippines?
The cost of Business Permit may differ from city to city or municipality. It may go around ₱5,000 to ₱6,000. This does not include the cost of Fire Safety Inspection Certificate which goes around ₱500.Here's the Assessment Record I got from our Office of the City Treasurer when I apply for a Business Permit:
The total cost I paid as you can see went to around ₱5,000.
Transcription of the Assessment Record
REPUBLIC OF THE PHILIPPINES
CITY OF OROQUIETA
OFFICE OF THE CITY TREASURER
ASSESSMENT RECORD
CITY OF OROQUIETA
OFFICE OF THE CITY TREASURER
ASSESSMENT RECORD
BIN:
Trade Name:
Addresss:
Proprietor:
Address:
Application No.:
Type: NEW (2018)
Date: June 11, 2018
Assessment Information
- Internet Cafe - Mayor's Permit Fee - ₱1,200
- Sanitary Permit Fee - ₱1,200
- Fire Inspection Fee - ₱10
- Medical Certificate Fee - ₱50
- Solid Waste Management User's Fee - ₱750
- Franchise Fee - ₱1,500
- Health Certificate Fee - ₱50
- Occupational Tax - ₱0
- Miscellaneous - ₱25
- Business Permit Plate - ₱349.50
- Professional Tax - ₱0
- Business Permit Plate Sticker - ₱10
Aside from the Business Permit, there are additional costs you're going to pay. This is to make your Business Permit valid, there are requirements you need to do and pay such as:
- BIR Registration - annual registration will cost ₱500. If you have delinquent taxes (or unpaid taxes) in the previous years let's say 5 years, you will be obliged to pay the total cost plus penalty. Thus, you will pay a total of ₱7,500 for the five year tax delinquency.
- DTI - cost for DTI registration may go around ₱200 to ₱800
- SSS Certification for Business Permit
- PhilHealth Certification for Business Permit - You need to pay the whole year contributions to PhilHealth. If you pay ₱200 per month in PhilHealth, the total payment for 1 year would be ₱2,400.
- Bureau of Fire Protection - pay around ₱500 for Fire Safety Inspection Certificate
I hope you're financially prepared to start a small business in the Philippines. Expect the worst in processing a business permit. - https://www.affordablecebu.com/