Philippines

Ease of Doing Business in

Cagayan de Oro - Philippines

This page summarizes Doing Business data for Cagayan de Oro. The first table shows its rank among 25 cities/regions in Philippines. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.

Economy Overview

Region East Asia & Pacific
Income Category Lower middle income
Population 96,706,764
GNI Per Capita (US$) 2,470.00
Ease of Doing Business Rank among 25 cities in Philippines Top city in Philippines
n.a. n.a.
Topic Rankings Rank among 25 cities in Philippines Top city in Philippines
Starting a Business 14 General Santos
Dealing with Construction Permits 7 Davao City
Registering Property 24 Valenzuela

Subnational Data


Starting a Business

Info

The challenges of launching a business are shown below. Included are: the number of steps entrepreneurs can expect to go through to launch, the time it takes on average, and the cost and minimum capital required as a percentage of gross national income (GNI) per capita.

Indicator Cagayan de Oro East Asia & Pacific OECD

The total number of procedures required to register a firm. A procedure is defined as any interaction of the company founders with external parties (for example, government agencies, lawyers, auditors or notaries).

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Procedures (number)
17 7 5

The total number of days required to register a firm. The measure captures the median duration that incorporation lawyers indicate is necessary to complete a procedure with minimum follow-up with government agencies and no extra payments.

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Time (days)
32.0 37.8 11.1

Cost is recorded as a percentage of the economy’s income per capita. It includes all official fees and fees for legal or professional services if such services are required by law.

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Cost (% of income per capita)
27.8 29.8 3.6

The amount that the entrepreneur needs to deposit in a bank or with a notary before registration and up to 3 months following incorporation and is recorded as a percentage of the economy’s income per capita.

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Paid-in Min. Capital (% of income per capita)
6.0 293.3 10.4
No. Procedure Time to Complete Associated Costs
1 Verify and reserve the company name with the Securities and Exchange Commission (SEC) 1 day PHP 40
2 Deposit paid-up capital in the Authorized Agent Bank (AAB) and obtain bank certificate of deposit 1 day No cost
3 Notarize articles of incorporation and treasurer's affidavit at the notary 1 day PHP 500
4 Register the company with the SEC 5 days PHP 2,695 (PHP 1,667.99 filing fee equivalent to 1/5 of 1% of the authorized capital stock or the subscription price of the subscribed capital stock, whichever is higher but not less than PHP 1,000 + PHP 16.68 legal research fee (LRF) equivalent to 1% of filing fee but not less than PHP 10 + PHP 500 By-laws + PHP 150 for registration of stock and transfer book (STB) required for new corporations + PHP 320 STB + PHP 10 registration for SEC bulletin + PHP 30 handling fee)
5 After issuance of the SEC certificate of incorporation, pay the annual community tax and obtain the community tax certificate (CTC) from the City Treasurer's Office (CTO) 1 day PHP 500
6 Obtain barangay clearance 1 day PHP 800
7 Verify real property tax payment at the City Treasurer's Office (CTO) Realty Tax Division 1 day No cost
8 Notarize application form at the City Legal Office 1 day No cost
9 Obtain Mayor's Permit to operate from the Business Permits and Licensing Division (BPLD) 3 days PHP 11,447 (PHP 6,254.95 business tax (75% of 1% of capitalization) + PHP 100 annual building inspection fee + PHP 75 billboard fee + PHP 2,000 garbage fee + PHP 350 health certificate (PHP 35 per person) + PHP 600.00 mayor's permit fee + PHP 1,000 occupation permit at (PHP 100 per person) + PHP 500 sanitary inspection fee + PHP 75 zoning fee + PHP 20 oath fee + PHP 472 FSIC (10% of all regulatory fees).
The city does not issue a business plate and sticker.
10 Buy special books of account at bookstore 1 day PHP 400
11 Apply for Certificate of Registration (COR) and Taxpayer Identification Number (TIN) at the Bureau of Internal Revenue (BIR) 2 days PHP 115 (PHP 100 certification fee + PHP 15 documentary stamp tax)
12 Pay the registration fee and documentary stamp taxes (DST) at the AAB 1 day PHP 4,670 (PHP 500 registration fee + PHP 4,169.97 DST on original issuance of shares of stock. DST on the lease contract is not included in the computation of the cost)
13 Obtain the authority to print receipts and invoices from the BIR 3 days No cost
14 Print receipts and invoices at the print shops 7 days PHP 2,000
15 Have books of accounts and Printer’s Certificate of Delivery (PCD) stamped by the BIR 1 day No cost
16 Register with the Social Security System (SSS) 1 day No cost
17 Register with the Philippine Health Insurance Company (PhilHealth) 1 day No cost

Subnational Data


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