Guide on Requirements for Business Permit Renewal at LGU’s Business Registration Center
REQUIREMENTS FOR BUSINESS PERMIT RENEWAL – Here is a list of the documents that you must prepare in renewing your Mayor’s Permit.
While some businesses like baking goodies at home to be sold to the people you know do not require a business permit, most businesses need the said document to operate legally. It is one of the requirements in starting businesses that really use infrastructures for the said purpose and cater products or services to a wide range of people.
Just like the barangay clearance, the business permit is a document that certifies that your business complies with the city or municipality ordinances you operate in. It is also called a “Mayor’s Permit” and it can be applied for at the one-stop registration center of your local government unit.
Before applying for a business permit, corporations or partnerships must register first with the Securities and Exchange Commission (SEC). With regards to the self-employed individuals, a Mayor’s Permit may be granted after registration at the Department of Trade and Industry (DTI).
A business permit expires annually. You can renew it at the one-stop business registration center of your local government unit (LGU). There are requirements for business permit renewal. It should be done before every 20th day of January.
List of Requirements for Business Permit Renewal
You must prepare…
- Financial statements from the previous year
- Mayor’s permit from the previous year
- Comprehensive General Liability Policy (CGLP) Insurance/local insurance – this is not required for freelancers or businesses that operate on a different timezone and do not permanently employ staff
- Official receipt of CGLP Insurance
- Community tax certificate – this can be obtained from your local barangay or at the city hall
- Contract of lease or Land Title of properly where business operates
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