When starting a business, the first step to consider is to apply for a Business Registration. Pinoy-Entrepreneur have provided a detailed information to register your Skin Care 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
- 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
- DTI Certificate of Registration of Business Name
- Mayor’s Permit
- Registration Fee of Php500.00, Php15.00 for the Certification Fee and Php75.00 for the Documentary Stamp Tax
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.
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
1. Bureau of Food and Drugs (BFAD)
Agency: Bureau of Food and Drugs Civic Drive, Filinvest Corporate City Alabang, Muntinlupa City
Tel. Nos. (632)807.0721 / (632)842.5606
Email: [email protected]
Website: www.bfad.gov.ph
Validity: 1 year
Documentary Requirements:
a. Forms to be accomplished correctly and completely
- Revised assessment slip
- Notarized declaration and information sheet containing the following:
- Product description / use
- Methods of administration (direction for use)
- Precautions to be observed during use of product
- Declaration of shelf life (for all products)
- Method of decoding batch reference
- BFAD worksheet: Part 1 only
b. Attachments
- Copy of valid license to operate of the applicant
- For manufacturer – list of product lines must be reflected
- or traders – list of toll Manufacturer and list of Product lines must be reflected
- For Importer / Distributor – list of product source must be reflected
Any of the following legalized documents shall be submitted for imported cosmetic products
- Certificate of free sale and license to Operate/Manufacture
- Certificate of free sale and certificate of Good Manufacturing Practice
- Certificate of origin
- Certificate issued by the Board of Health or competent Authority
- The license to Operate/Manufacture or Certificate of Origin shall indicate that the manufacturing plant meets the national requirements in terms of hygiene, safety and quality.
- In the event that there is no issuing regulatory agency in all cases, the documents may be issued by recognized associations. Qualification of these associations rests with the industry or any country agency and a list shall be made available to all ASEAN member countries.
Technical Requirements:
a. Composition
- Qualitative composition of the product with INCI nomenclature of ingredients or any approved nomenclature as in any standard reference that may be approved from time to time
- Qualitative composition is required for substances with restrictions for use
- The master formula of the product shall be made available to the cosmetic regulator agency when requested or required
b. Finished Product Description.
- Finished Product Specifications
- Test for Heavy Metals done on the finished product
- Test Methods (when requested or necessary)
c. Attestation to support special product claims – Attestation should contain the following information:
- Name, position and specialization of investigator/s performing the test/study
- Curriculum Vitae and/or proof that the investigator/s is/are Board Certified Specialist shall be made available to the cosmetic regulatory
- Name and address of the establishment conducting the test/study
- Result and conclusion
- Summary of test report including protocol, as necessary
d. Unattached and readable specimen of all labeling materials per pack size (e.g. outer, immediate, package insert if applicable)
e. Specimen of the finished commercial product (One Specimen to represent that pack sizes) or digital pictures (at least 5×51/2 in size) of these samples showing the container and actual content of the products.
Basics of Franchising Skin Care – Business Registration Requirements
Franchising benefits
Franchisees gain access to a proven business model, established brand reputation, and ongoing support from Skin Care – Business Registration Requirements, reducing the risks associated with starting a new business. They benefit from collective advertising and marketing efforts conducted by the franchisor, which can result in increased customer traffic and sales. Franchisees also have the opportunity to tap into the training and operational resources provided by the franchisor, enhancing their chances of success and profitability. Below are just a few pointers why franchising Skin Care – Business Registration Requirements is beneficial for the inverstors:
High success rate due to its business model rather than starting from scratch.
Franchising Skin Care – Business Registration Requirements offers the advantage of tapping into an established reputation and customer base, which can significantly reduce the time and effort required to build brand recognition. Additionally, franchisors typically provide comprehensive training, ongoing support, and proven business models, mitigating many of the risks associated with starting a new venture.
Franchisees benefit from economies of scale in purchasing, marketing, and operational support, which can lead to cost efficiencies and improved profitability.
Overall, franchising offers a structured pathway to entrepreneurship with a higher likelihood of success compared to launching a new brand independently.
Skin Care – Business Registration Requirements is a recognized brand or trademark that can bring you success.
Success is achievable for franchising recognized brands like Skin Care – Business Registration Requirements due to their established reputation, which can attract customers more readily and build trust faster than starting a new brand. Franchisees benefit from proven business models, operational support, and marketing strategies provided by Skin Care – Business Registration Requirements, reducing the risks associated with independent entrepreneurship.
Additionally, being part of a well-known brand network offers access to economies of scale, collective marketing efforts, and a support system among fellow franchisees, enhancing the likelihood of success.
Availing financing from various sectors is highly likely due to a good brand reputation.
Financing is often more readily available when franchising a reputable brand due to several factors. Banks and lenders are typically more willing to provide loans to franchisees of established brands because they have a proven track record of success and lower risk compared to new, unproven businesses.
Additionally, franchisors may have relationships with financial institutions or offer financing options themselves, making it easier for franchisees to secure funding. The recognizable brand name and business model of Skin Care – Business Registration Requirements also provide a level of security for lenders, increasing the likelihood of loan approval and favorable terms for franchisees.
Formula for success that a franchisor may provide.
Low-cost supplies and efficient supply chain management contribute to higher profit margins for franchisees by reducing the cost of goods sold. Effective marketing increases brand visibility and customer traffic, leading to increased sales and revenue. A prime location maximizes foot traffic and accessibility, further enhancing the franchisee's revenue potential and profitability.
5 things to consider when franchising Skin Care – Business Registration Requirements
1 Make sure that you really want to own this franchise and this will best fit your venture among other offered business opportunities.
2 Be certain that you can work harmoniously with Skin Care – Business Registration Requirements franchise and it is within your interest. A visit to one of the franchise store will help you be more aware of operation and proceedings.
3 Carefully study the Terms and Condition, Franchise Agreement, and what are included in franchising Skin Care – Business Registration Requirements.
4 Check if Skin Care – Business Registration Requirements franchise will be compatible with the rules and regulation, as well as existing laws on chosen location.
5 Best location is one key aspect to have a successful Skin Care – Business Registration Requirements franchise. Study the environment and see if your business suits the surroundings.
Successful frachising 101
Becoming a successful Skin Care – Business Registration Requirements franchisee requires a combination of strategic planning, dedication, and hard work. Here are some steps you can take to increase your chances of success:
Research
Start by researching various franchise opportunities to find one that aligns with your interests, skills, and financial resources. Look for franchises with a proven track record of success, strong brand recognition, and a supportive franchisor.
Understand the Franchise Agreement
Carefully review the franchise agreement, including all terms, fees, and obligations. Make sure you fully understand the expectations and requirements of being a franchisee.
Financial Planning
Evaluate your financial situation and determine how much capital you have available for investment. Consider not only the initial franchise fee but also ongoing expenses such as royalties, marketing fees, and operational costs.
Training and Support
Choose a franchise that offers comprehensive training and ongoing support to franchisees. Take advantage of all training programs provided by the franchisor to learn the ins and outs of the business.
Location Selection
If the franchise involves a physical location, carefully choose the location for your business. Consider factors such as foot traffic, demographics, competition, and lease terms.
Follow the System
One of the benefits of franchising is that you're buying into a proven business model. Follow the franchisor's system and guidelines closely to increase your chances of success.
Provide Excellent Customer Service
Focus on providing excellent customer service to build a loyal customer base. Happy customers are more likely to return and recommend your business to others.
Marketing and Promotion
Take advantage of the marketing support provided by the franchisor, but also be proactive in promoting your business locally. Utilize social media, local advertising, and community events to attract customers.
Manage Finances Wisely
Keep track of your finances closely and manage expenses efficiently. Monitor your cash flow, budget carefully, and seek professional advice if needed.
Adapt and Innovate
Be willing to adapt to changing market conditions and customer preferences. Look for opportunities to innovate and differentiate your business from competitors.
Network with Other Franchisees
Connect with other franchisees within the same system or industry to share insights, experiences, and best practices. Networking with fellow franchisees can provide valuable support and advice.
Stay Committed
Building a successful franchise takes time and effort. Stay committed to your business, remain focused on your goals, and be prepared to overcome challenges along the way.
By following these methods and staying dedicated to your business, you can increase your chances of becoming a successful Skin Care – Business Registration Requirements franchisee.