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How to Register Your Food Cart Franchise Business
1. DTI (www.dti.gov.ph) - Single Proprietorship
* Business Name Search * New Applications, Renewals * Changes of Business info or Cancel Business Name * Certification of Request * Business Name 5yrs - P300
2. Barangay Business Clearance
* Clearance from building owner of homeowner's association * Payment of Php150.00
3. Mayor's Permit
* DTI Certificate of registration * Sketch of exact Location * Payment of Insurance * Municipal Treasurer's Certification that business is new and starting * Pay 20% of 1% of paid-up Capitalization
Barangay Micro-Business Enterprise (BMBE) Act of 2002 (RA 9178)
* A barangay micro Business enterprise is engaged in production, processing or manufacturing of products as well as trading and services with a total assets of 3 million. * Such as assets include those arising from loans but not the land on which the plant or equipment located
Incentives:
* Income tax Exemption from income arising from the operation of the enterprise * Exemption from the coverage of the Minimum wage law, but employees will receive social security and health care benefits * Priority to a special credit window set up especially for the financing requirements of a BMBE.
How to Register:
* a. Get Application from office of the Treasurer of the City or Municipality where the business is located * b. Submit accomplished form with 3 passport size ID pictures * c. A registered BMBE gets a Certificate of Authority effective for one year
4. BIR registration Certification no. and Tax identification no. (TIN) (www.bir.gov.ph)
5. Social Security System (www.sss.gov.ph)
* An employer or any person who uses services of another person in business, trade, industry or any undertaking must be registered with the SSS * Social, civic professional, charitable and other non-profit organization which hire the services of employees are considered "employers".