2017年-世界发展银行全球_Economy_Profile_of_Philippines_76页_1mb

Doing Business 2018 Summary: Philippines

Core Content

The Doing Business 2018 report by the World Bank Group evaluates the regulatory environment for businesses in 190 economies, focusing on 11 key indicators that measure the ease of doing business. The report provides data on procedures, time, and cost for various business activities, including starting a business, getting electricity, registering property, and more. It also highlights the distance to frontier (DTF) score and ease of doing business ranking for each economy.

The Philippines is ranked 131st out of 190 economies in the ease of doing business, with a DTF score of 38.0. The report uses Quezon City as the main city for data collection. It measures the regulatory environment for small and medium-sized domestic firms, with a focus on the procedures and requirements for starting a business, dealing with construction permits, and other essential business operations.

Main Topics and Indicators

Key Information on Starting a Business in the Philippines

Legal Form

• Limited liability company (LLC)

Paid-in Minimum Capital Requirement

• PHP 5,000 (equivalent to 3.0% of income per capita)

Procedures

1. Verify and reserve the company name with the SEC – 1 day, PHP 100
2. Deposit minimum capital at the bank – 1 day, no charge
3. Notarize articles of incorporation and treasurer's affidavit – 1 day, PHP 500
4. Register the company with the SEC and pre-registration for TIN, SSS, PhilHealth, and Pag-IBIG – 1 day, variable cost
5. Obtain Barangay clearance – 1 day, PHP 500
6. Apply for business permit and community tax certificate – 6 days, variable cost
7. Pay annual community tax and business permit fee – 1 day, PHP 500
8. Buy special books of account at a bookstore – 1 day, PHP 400
9. Apply for Certificate of Registration (COR) and TIN at the BIR – 1 day, variable cost
10. Pay registration fee and documentary stamp taxes (DST) at the BIR – 1 day, variable cost
11. Obtain authority to print receipts and invoices from the BIR – 1 day, no charge
12. Print receipts and invoices at the print shop – 7 days, PHP 3,500
13. Have books of accounts and PCD stamped by the BIR – 1 day, no charge
14. Final registration with the Social Security System (SSS) – 1 day, no charge
15. Final registration with PhilHealth – 1 day, no charge
16. Final registration with Pag-IBIG – 1 day, no charge

Time and Cost Highlights

• Total Time (Men): 28 days
• Total Time (Women): 28 days
• Total Cost (% of income per capita): 15.8%
• Total Cost (PHP): Includes various fees, with the most significant being PHP 7,965.00 for DST on original share issuance.

Key Points on the Doing Business Project

• Objective: Provide objective measures of business regulations and their enforcement across 190 economies.
• Focus: Measures the regulatory environment for small and medium-sized companies through their life cycle.
• Indicators: Includes starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts, and resolving insolvency.
• Methodology: Uses standardized procedures, assuming a 100% domestically owned company with 5 owners, no legal entities, and a paid-in capital of 10 times income per capita.
• DTF Measure: Reflects the distance of an economy to the best performance observed on each indicator since 2005, scored on a scale from 0 to 100.
• Ease of Doing Business Ranking: Determined by sorting the aggregate DTF scores, with 1 being the best and 190 the worst.

Key Insights from the Report

• The Philippines has a moderate regulatory environment, with improvements needed in areas such as starting a business and enforcing contracts.
• The report does not include labor market regulation in the aggregate DTF score or ranking, but it still presents data for analysis.
• Quezon City is the primary location for data collection, and the report highlights the importance of subnational analysis to provide more localized insights.
• The report encourages reforms to improve regulatory efficiency and ease of doing business across the world.

Conclusion

The Doing Business 2018 report underscores the importance of transparent and efficient regulatory frameworks for business growth and development. It provides a comparative analysis of business regulations in the Philippines and other economies, offering quantitative data and recommendations for reform. While the Philippines has made progress in some areas, there is still room for improvement in business start-up procedures, tax compliance, and contract enforcement. The report serves as a valuable resource for policymakers, businesses, and researchers aiming to understand and enhance the business climate.