How to Start Your Business in the Philippines: The Essential Guide

Published: Apr 4, 2024

Considering starting your own venture in the Philippines? You're about to embark on a thrilling journey that's as vibrant and dynamic as a jeepney ride through Manila! The entrepreneurial landscape in the Philippines is teeming with opportunities, ready for the taking by the bold and the brave. But remember, in this journey, your best "katuwang" (partner) isn't just your unbeatable spirit; it's having the right tools, like an all-in-one Point of Sales (POS) system, that sets the foundation for your success.


Understanding the Filipino Market

To penetrate the heart of the Filipino market, you must first understand the soul of your "kapwa." Filipinos value relationships—whether it's their family, friends, or their favorite tindahan (store). It's why market research here goes beyond numbers; it's about building connections and understanding local preferences. Embrace the community spirit and watch your "suki" base grow! 

 

Legalities and Paper works: The Not-So-Secret Recipe to Start Business

While the idea of dealing with government paperwork might seem as daunting as crossing EDSA at rush hour, it's a crucial step you can't skip. From securing your business name to getting the necessary permits, each document is a step closer to your grand opening. Think of it as a ritual, a passage all entrepreneurs must go through to emerge victorious.

Secret Recipe to Start Business


1. Business Registration

2. Mayor's Permit (Business Permit)

  • Obtain a Mayor's Permit from the city or municipality where your business will operate. Check your local government's website for the application process. 
  • Ensure compliance with local ordinances and regulations, such as zoning requirements and building permits. Check your local government's website for relevant information. 

3. Tax and Employer Registration

  • Register your business with the Bureau of Internal Revenue (BIR) and obtain a Tax Identification Number (TIN). Use the BIR eRegistration System for online registration
  • Register as an employer with the BIR and secure necessary permits for hiring employees. 

4. Social Security System (SSS), PhilHealth, and Pag-IBIG Fund

  • Register your employees with the SSS, PhilHealth, and Pag-IBIG Fund for their social security, health insurance, and housing fund contributions. 

5. Bookkeeping and Accounting

  • To simplify bookkeeping and accounting tasks and ensure seamless business operations, consider using Peddlr POS. Peddlr POS offers comprehensive features for business, financial, and inventory management system, helping you stay organized with ease.
  • You may not be required to register the POS system with the BIR for now. Since you are not using the POS system for issuing official electronic receipts, it falls under a different category of usage. 
  • You may have a manual official receipt to issue to requesting customers and use the free Peddlr POS system for personal business recording only
  • Stay informed about the latest BIR regulations regarding POS systems, as requirements may change. If you have any doubts or if your business circumstances change, consider consulting with a tax professional or contacting the BIR for clarification.

6. Renewal and Compliance

  • Regularly renew your business permits and licenses to ensure continuous operations. 
  • Stay updated with changes in regulations and comply with new requirements as needed. 

7. Consultation with Legal and Tax Professionals

  • Seek advice from legal and tax professionals to ensure full compliance with Philippine laws and regulations. 

By following these guides and using online tools where available, you can navigate the legalities and paperwork of starting a business in the Philippines more efficiently and effectively. 


Finding the Perfect "Tambayan" for Your Small Business

Location, location, location—it's the mantra for real estate, and it holds true for your business. Whether you're opening a quaint café in Tagaytay or a trendy fashion boutique in Makati, your location speaks volumes. It's not just about foot traffic; it's about finding a spot where your business can be a community staple, a place as comforting as a bowl of "sinigang" on a rainy day. 


Start Marketing in the Digital Age: Reaching Your "Kababayan" Online

Free Peddlr Online Store

In today's digital age, being online is as essential as having a good "barkada" (group of friends). Digital marketing lets you reach your "kababayan" (countrymen) far and wide, even those who are miles away from home. And with tools like Peddlr, which offers a free online store capability, your products can be just a click away from finding a new home. It's an incredible way to expand your reach, connecting with customers from Luzon, Visayas to Mindanao. 

Read a guide on How to Start an Online Store with Peddlr

 

The Filipino Entrepreneur's Toolkit

Free Peddlr POS and Digital Payment

As you navigate through the bustling streets of entrepreneurship, having the right tools can make all the difference. This is where Peddlr's POS system shines as the "bayani" (hero) of your business narrative. Not only does it offer seamless inventory management system, sales tracker, and data analysis, but its ability to accept all types of digital payments without limits positions it as a game-changer in the market. Whether your customers prefer to pay via online banking or e-wallets, Peddlr ensures your business never misses a beat—or a sale. It's like having your own "alalay" (assistant) that not only helps kickstart your small business and organized but also modern and adaptable to the ever-changing preferences of your "suki." Peddlr is more than just a tool; it's your partner in growth, designed to adapt to the unique rhythm of Filipino business operations. 

Read more about how free pos app will help you kickstart small business

 

Wrapping Up

Embarking on a business venture in the Philippines is an adventure filled with challenges and rewards. It's a journey of discovering the intricate tapestry of Filipino culture and weaving your own story into it. With resilience, understanding, and the right tools like Peddlr's POS system, you're not just starting a business; you're becoming a part of a vibrant community eager to welcome your dreams into reality.  

Dive into the world of business with Peddlr as your trusted companion. Explore the Peddlr POS mobile application today and discover how it can transform your business journey. Your success story begins with a click. Try Peddlr now, and let's make your business dreams a vivid reality. 



What is Peddlr? 

Peddlr is a POS provider in the Philippines that built a free mobile app for small business owners – sari-sari stores, milk tea stands, coffee shops, Shopee and Lazada sellers and more. It's free to download, free to use, and works even without an internet connection. With Peddlr system app, you can easily manage and track your business performance and inventory. 

Here are some of the useful features that you can access through the Peddlr app: 

  • FREE Point-of-sale system (POS) or a mobile cashier system 

  • FREE Credit Reminder – send SMS to your customers for free to collect credit/debts easily 

  • FREE Inventory Manager/Tracker - take control of your product inventory 

  • Loading and Bills Payment Services – enjoy rebates and cashback 

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