Are PRC-Regulated Professionals required to register with SEC, DTI, LGU and BIR

Are PRC-Regulated Professionals required to register with SEC, DTI, LGU and BIR?


Registration with Securities and Exchange Commission (SEC), Department of Trade and Industry (DTI), and Local Government Unit (LGU) depends with the nature or source of income a PRC-Regulated Professional would enter to.

If mere practice of profession only, PRC-Regulated Professionals are NOT required to register with SEC, DTI and LGU but they are required to register with Bureau of Internal Revenue (BIR) and comply with Tax laws, rules and regulations.



When are the registrations to SEC, DTI and LGU required for Self-Employed Professionals (SEP)?

• When a SEP set-up an office in a commercial or address separate from his/her residence.  The LGU may require the SEP pay permits and other licenses. 

• When group of SEPS set-up a partnership or corporation. If this is the situation, they must register with SEC, LGU and other government agencies like SSS, PHIC and HDMF.

• When a SEP set-up a business other than his/her profession. This requires DTI and LGU registration. 

Note: Above are registration basics. Check with your LGUs and BIR RDOs. They may still asks for other requirements.

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