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The Philippines needs to rethink its processes. It is interesting that you say the process is easy. If you want easy, you’ll need to look at other countries who score well in surveys dealing with ease of doing business.

To give you an idea, when setting up a corporation in Canada, you deal with the provincial registry. All one does is reserve a name online and one can search the database to find companies already registered that have similar names. One gives 3 names. In 1 day or 2, the person gets an email notice stating that the name reserved can be used. One is given a confirmation number.

One then goes to the website again and applies to form a company. The process is very simple. It basically asks the name of the company and the confirmation number, the name of the incorporator and the address (can be sole incorporator unlike the Philippine which requires 5), the company’s capital which can be any amount, the number of shares and/or kinds of shares the company has, the address of the company (one can indicate a mailing address different from the address where corporate books are located), the name and address of company directors (it can be just one name) and name and address of company officer (it can be one name).

All these done and finished online in maybe 5 or so minutes. Pay online fee and wait. In 3–4 days, an approval comes in and the physical certificate is mailed and arrives in 2–3 days.

That fast. No hassle. No sweat. Didn’t have to go out to get affidavits or to submit a copy of the article of incorporation and by laws etc.

And once registered, the Canada Revenue Agency sends a mail within 3–4 days from formation automatically registering the company for corporate taxation purposes and gives the company a tax number. So one doesn’t have to deal separately with the CRA unlike the Philippines where one has to register separately with the BIR. One is also given instructions on setting up additional registration online for the HST/GST (like the VAT) registration.

That simple. If one wants to import things, one can call a number and the CRA, within 2 minutes will give one an import registration number which is the same as the tax number but with a set of identifying letters (like the letter I).

People in the Philippines and Filipinos abroad need to harness each other for resources because frankly, the Philippines needs to find ways to make doing business there way easier than how it is done there today.

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