Happy Veggie Req and Qua, Legal Req BS

MINIMUM REQUIREMENT AND QUALIFICATION FOR EACH POSITION
Job requirements are qualifications and skills necessary for a certain position.
The most critical skills that a candidate must have in order to be able to fulfill certain job activities
are typically listed in a job requirement's form.
These qualifications include:
 Work experience - types and amounts (years) of work experience

 Skills (soft skills and/or technical skills)
 Specific knowledge
 Education level and type
 Professional licenses, accreditations and certifications
 Personal qualities and attributes
 Languages
 Physical abilities.
Simply put, job requirements are qualities that an applicant must possess in order to be considered for a
post.
LEGAL REQUIREMENTS OF BUSINESS
1. Secure Business Name with the SECURITIES

AND EXCHANGE COMMISSION (SEC)
The first step is to register your preferred corporate name with the SEC while our lawyers work
on the company’s articles of incorporation and by-laws. Once the AOI and By-laws are drafted,
you may open the TITF account with your preferred bank.
2. Open Corporate Bank Account

Companies applying for incorporation must open a TITF account with its preferred bank. The
TITF account will serve as the temporary depository account of the required paid-up capital of
the corporation. The basic requirements for the opening of a TITF account include the proposed
articles of incorporation and by-laws, account opening forms with the specimen signature card
to be accomplished by the treasurer-in-trust, valid identification cards of the treasurer-in-trust,
and the minimum deposit required by the bank which ranges from P10,000.00 to P50,000.00
depending on bank. The bank will issue a certificate of deposit which is among the
documentary requirements to be submitted to the SEC.
3. Register with the Securities and Exchange

Commission (SEC)
Once a bank certificate of deposit is issued, and provided the following documentary
requirements are complete, the application for registration may be submitted to the SEC:
 Name Reservation and Payment Form

 Notarized Articles of Incorporation and By-laws
 Treasurer’s Affidavit
 Bank Certificate of Deposit or Proof of Inward Remittance
 Duly accomplished SEC Form F-100 (for corporations with more than 40% foreign equity)
SEC registration takes 10 to 15 working days upon submission of complete documentary
requirements, provided there are no holidays during this time period.
4. Register with the Bureau of Internal Revenue

(BIR)
After SEC registration, a company must obtain a taxpayer identification number (TIN), register
its books of accounts, and apply for authority to print official receipts from the Bureau of
Internal Revenue (BIR), the national taxing authority in the Philippines.
5. Register with the Social Security System (SSS)
All companies must be registered with the SSS and must secure an employer number which will
be used as reference for the remittance of monthly contributions. To register with the SSS, the
following documents have to be submitted:
 Employer Registration Form (R-1)

 Employment Report Form (R-1A)
 SEC Registration, Articles of Incorporation, and By-laws
6. Register with PhilHealth

PhilHealth is a medical insurance program administered by the Philippine Health Insurance
Corporation (PHIC). All employers are required to register their employees with this agency as
stated in the New National Health Insurance Act (RA 7875 / RA 9241). To register with
PhilHealth, the following documents are required:
 Employer Data Record (ER1)

 Report of Employee-Members (ER2)
7. Register with Pag-IBIG

Pag-IBIG Fund is also known as the Home Development Mutual Fund (HDMF), a housing loan
which is mandatory for all employees covered by the Social Security System (SSS). The Pag-IBIG
Fund also provides other types of loans for qualified individuals.
8. Obtain a mayor’s or Business Permit

The following documents are required to secure a business permit:

 Locational Clearance
 Lease Contract
 Barangay Clearance
Barangay Clearance
This clearance is obtained from the Barangay where the business/company is located.
The fees depend on the company’s paid-up capital plus an additional amount for taxes,
fees, and other charges which may vary for each barangay. The basic document
required is the notarized lease contract between the company and the lessor of its
registered office.
Locational Clearance
The following documents are required to secure a locational clearance:
 Location Map
 Barangay Clearance
 Lease Contract
 SEC Registration Documents
 Occupancy Permit (Building/Unit)
 Business Permit Application Form

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MINIMUM REQUIREMENT AND QUALIFICATION FOR EACH POSITION

Job requirements are qualifications and skills necessary for a certain position.

These qualifications include:

 Work experience - types and amounts (years) of work experience

1. Secure Business Name with the SECURITIES

2. Open Corporate Bank Account

3. Register with the Securities and Exchange

 Name Reservation and Payment Form

4. Register with the Bureau of Internal Revenue

 Employer Registration Form (R-1)

6. Register with PhilHealth

 Employer Data Record (ER1)

7. Register with Pag-IBIG

8. Obtain a mayor’s or Business Permit

 SEC Registration, Articles of Incorporation, and By-laws

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