Opening a Sole Proprietorship Business in Taguig is quite easy. I love that my business address is in Taguig. I heard a lot of horror stories with people who tried to register their businesses in other municipalities. I love that Taguig has a brochure that would give you the step by step process on how to apply for a business permit in Taguig. They have what they call the Business Permits & Licensing Office or the BPLO.
This is a copy of their brochure:
For mompreneurs who’s thinking of opening a sole proprietoership business like me, these are the business requirements/documents that you need to prepare:
1. Application form duly filled up and Notarized and with the location sketch of the place of business
2. Current Barangay Clearance (which you can also get from one of the offices of the Taguig Local goverment in Market! Market!)
3. Zoning Clearance
4. DTI registration/certificate
5. Real Property Tax (RPT)
6. Lessor permit of Lessor and photocopy of Lease Contract or affidavit of consent (no need if you own the place)
7. Occupancy permit (again, not needed when you own the place)
8. 2×2 picture of owner
9. 3R Size picture of establishment
10. List of employees and their addresses
11. Community Tax Certificate (CEDULA)
12. Official receipt of Insurance Policy (comprehensive general liability)
13. Official Receipt of Fire safety Insurance certificate
Be sure that you really gather and create a document for each of the item below before going to Taguig BPLO for opening a sole proprietorship business. For the list of employees, I even had to create a document with just my name on it (since I don’t have people under me or with me). After gathering all of these things, go to the BPLO office at the 3rd floor of Market! Market! and go to the desk that says assessment. They will check all of your documents for you.
I had to change my cedula because it was issued in Pasig. You should have a cedula from the place where you will register. You will also have to get the Zoning Clearance. There is another desk there where you can get that. After which, you will also have to get the Comprehensive General Liability Insurance. There are accredited partners and they are also situated within the area.
During assessment, the only thing that made me raise my eyebrow is that they raised my capital from Php 5,000 to Php 100,000. They said that the minimum was really at Php 100,000. Can you imagine that? Being an events coordinator would not require you to spend Php 100,000 for capital! Oh well… I didn’t want to argue anymore . I hope that the local government does something about this. I don’t think it’s fair for those who want to go into business to be treated that way, just because their policy says that this is the minimum.
I submitted all the documents and my application is subject for approval. I have the occupancy permit that i have to submit, but I still have to get it from our Administration office.
Whew! At least, just one more document before I go to the BIR.
For licensing, be prepared with at least Php 5,000 with you. For the Comprehensive General Liability, the policy will depend on how big the area of business is. For a 72 sqm area, I had to pay around Php 3700. So all in all, fees that I paid were around Php 9000.
I hope this helps you out, especially those entrepreneurs who want to start a business in Taguig.
P.S. If you want to outsource document processing, check out https://www.taxumo.com/business-registration