Government Agencies that support, regulate, and monitor Business

1. BIR (Bureau of Internal Revenue)

1.1. The Bureau of Internal Revenue is an agency of Department of Finance. BIR collects more than half of the total revenues of the government. Caesar Dulay is the current Commissioner of BIR.

2. DTI (Department of Trade and Industry)

2.1. The Philippine Department of Trade and Industry is the executive department of the Philippine Government tasked as the main economic catalyst that enables innovative, competitive, job generating, inclusive business, and empowers consumers.

3. Local Barangay

3.1. You need to secure a company barangay clearance first in the barangay where your business will be operating. It is also a requirement when registering for a Mayor’s Permit.

4. SEC (Securities and Exchange Commission)

4.1. The SEC is an agency under the Philippine Department of Finance that is responsible for regulating the securities industry. It supervises all registered business entities in the country (with the power to suspend and revoke registrations), investigate violations of securities laws and impose sanctions, and make policies with regard to the market in securities. It also supervises stock and bond brokers as well as the stock exchanges.

5. PEZA (Philippine Economic Zone Authority) /BOI (Bureau of Immigration)

5.1. PEZA is handled by the Department of Trade and Industry. The PEZA and BOI are focused on businesses that are export-oriented, specifically in designated Special Economic Zones. The BOI is the primary agency responsible for investment promotion in the country and offers a wide range of incentive schemes for both Filipino and foreign investors.