When starting a Pawnshop business, the first step to consider is to apply for a Business Registration. Pinoy-Entrepreneur have provided a detailed information to register your Pawnshop business in the Philippines.
FOR SINGLE PROPRIETORSHIP
1. Business Name Registration
Visit Department of Trade & Industry (DTI)
Provincial Office where the business is located
or log on to www.bnrs.dti.gov.ph
Validity : 5 years
Requirements:
- Accomplished Business Name Registration Form [Single Proprietorship/Partnership (Optional)]
- Tax Identification Number (TIN) (Optional)
- List of five business names ranked according to preference
- Registration fee of Php300.00
2. Mayor’s Permit
Agency: Local municipality where the business is located
Validity: 1 year
Requirements:
- Accomplished Business Permit Application Form
- DTI – Business Name Certificate
- Sketch of the business location
- Barangay Clearance
- Fire Safety Inspection Clearance
- Sanitary Permit (from City Health Officer)
- Lease Contract
- 2 pcs. 2×2 colored ID Picture
- Registration fee, the amount of which depends on the type of the business
3. Tax Identification Number (TIN)
Agency: Bureau of Internal Revenue (BIR) National Office, Agham Road, Diliman, Quezon City
Trunkline: (632) 981.7000 / 981.8888
Email: [email protected]
Website: www.bir.gov.ph
Requirements: (to be submitted to BIR Revenue District Office where the business is located)
- Accomplished Form 1901
- Mayor’s Permit
- Registration Fee of Php500.00
4. Social Security System (SSS)
Loans and Investment Office
SSS Building, East Avenue, Diliman, Quezon City
Tel. Nos.: (632)920.6401 / 920.6446
Email: [email protected]
Website: www.sss.gov.ph
Requirements:
- Accomplished R1 Form
- DTI Business Permit
- Mayor’s Permit
5. Department of Labor and Employment (DOLE) Registration
(with 5 or more employees)
Agency: Department of Labor and Employment (DOLE)
Labor Standard and Enforcement Division Address: 2nd Flr. Dy International Building, San Marcelino cor. Gen. Malvar St., Malate, Manila
Tel. No.: (632) 339.2013
Hotline No.: 527.8000
Email: [email protected]
Website: www.dole.gov.ph
Requirements:
- Accomplished Rule 1020 Form
- Lay-out of business location
- Vicinity map
FOR PARTNERSHIP
1. Securities and Exchange Commission (SEC) Certificate
Securities and Exchange Commission (SEC)
Address: SEC Building, Edsa, Greenhills, Mandaluyong City
Tel. No.: (632) 726.0931 to 39
Email: [email protected]
Website: www.sec.gov.ph
or http://iregister.sec.gov.ph/MainServlet (for online registration)
Requirements:
- Verification Slip Form (Re: Proposed Name)
- Accomplished Registration Data Sheet
- Articles of Partnership
- Written Undertaking to Change Corporate Name
- If the contributed capital is in the form of real property, additional requirement is needed:
– Deed of Assignment executed by the stockholder who is the owner.
FOR CORPORATION
1. Securities and Exchange Commission (SEC) Certificate
Agency: Securities and Exchange Commission (SEC)
Address: SEC Building, Edsa, Greenhills, Mandaluyong City
Tel. No.: (632) 726.0931 to 39
Email: [email protected]
Website: www.sec.gov.ph
or http://iregister.sec.gov.ph/MainServlet (for online registration)
Requirements:
- Articles of Incorporation and By-Laws
- Verification Slip Form (Re: Corporate Name)
- Accomplished Registration Data Sheet
- Treasurer’s Affidavit
- Bank Certificate of Deposit
- Authority to Verify Bank Accounts
- Written Undertaking to Change Corporate Name, when necessary
- Subscriber’s Information Sheet
- If the paid-up capital is in the form of a real property, submit the following additional requirements:
- Statement of Assets and Liabilities
- Deed of Assignment executed by the stockholder who is the owner of the property in favor of the corporation. (If the property contributed is a building or a parcel of land, the deed must be presented to the register of Deeds for registration)
- If the property being contributed is a building, submit detailed list of the building’s giving a brief description of each
- If the property being contributed is a parcel of land, submit detailed list of the parcel of land showing the OCT/TCT numbers, registered owner, lot and block numbers, area, location and encumbrances, if any
- Registration fee of Php360.00
OTHER AGENCY
Bangko Sentral ng Pilipinas
Address: A. Mabini St. cor. P. Ocampo St. Malate, Manila
Tel. No.: (632)524.7011.
Fax No. (632)523.1252
Email: [email protected]
Website: www.bsp.gov.ph
Validity: 1 year
Requirements:
- Copy of City/Municipal License/Mayor’s Permit for the current period;
- Copy of DTI Certificate of Registration of Business Name
- Copy of SEC Certificate of Registration for Partnership and Corporation;
- Copy of Articles of Partnership/Incorporation and By-Laws;
- Information Sheet duly accomplished by the president/managing partner/proprietor;
- Biographical Data duly accomplished by the proprietor or partners or incorporators/directors/officers and individual stockholders owning 10% or more voting stocks;
- Bank certification on amount deposited for pawnshop capitalization (at least Php100,000);
- Notarized Written Undertaking signed by the president/partner/proprietor;
- Sample copy of pawn ticket;
- Letter request for additional stipulations (if applicable);
- Authorized signatories with biographical data;
- Sketch of location; and
- Letter of Authority to receive Certificate of Registration.
- Filing/Processing fee of Php1,000.00
