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Basic Requirements For New Applicants and For Bmbes Applying For Renewal of Registration

This document outlines the basic requirements for new applicants and renewals to register as a Barangay Micro Business Enterprise (BMBE) in the Philippines. For new applicants with assets of P300,000 or less, they must register their business with the appropriate agency and obtain a Mayor's Permit. For those with assets over P300,000 up to P3,000,000, additional documents are required like a TIN, BIR registration, sworn affidavits of assets and income tax returns. The process involves filling out an application form in triplicate and submitting it to the Municipal or City Treasurer, who will evaluate it and issue a Certificate of Authority if approved within 15 days.

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502 views1 page

Basic Requirements For New Applicants and For Bmbes Applying For Renewal of Registration

This document outlines the basic requirements for new applicants and renewals to register as a Barangay Micro Business Enterprise (BMBE) in the Philippines. For new applicants with assets of P300,000 or less, they must register their business with the appropriate agency and obtain a Mayor's Permit. For those with assets over P300,000 up to P3,000,000, additional documents are required like a TIN, BIR registration, sworn affidavits of assets and income tax returns. The process involves filling out an application form in triplicate and submitting it to the Municipal or City Treasurer, who will evaluate it and issue a Certificate of Authority if approved within 15 days.

Uploaded by

ReyLouise
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

Basic requirements for new applicants and for BMBEs applying for renewal of

registration:

a. Duly filled out application form (BMBE Form 01) in triplicate, signed by the owner or
manager of the entity applying for registration

b. Three passport size ID pictures Additional requirements for new applicants: A. For
those with assets worth three hundred thousand pesos (P300,000) and less

1. Registration as a business entity or enterprise from the appropriate government


agency (e.g., Securities and Exchange Commission (SEC) registration in the case of
corporation, partnership or association; Cooperative Development Authority (CDA)
registration in the case of cooperative; Department of Trade and Industry (DTI) business
name registration in the case of sole proprietorship); and

2. Mayors Permit or City/ Municipal Business Permit. B. For those with assets worth
more than three hundred thousand pesos (P300, 000) up to three million pesos (P3,
000,000.00) 1. Registration as a business entity as explained above in item no.7.2a.1 2.
Taxpayer Identification Number (TIN);

3. Certificate of Registration from the Bureau of Internal Revenue (BIR);

4. Mayors Permit or City/Municipal Business Permit;

5. Sworn affidavit executed by the sole proprietor or the President of the enterprise, as
the case may be, that the enterprise is barangay-based and micro-business in nature
and scope;

6. Sworn Statement of Assets and Liabilities supported by pertinent documents;

7. Pictures of the place of business and its assets, other than cash, receivables and
intangibles;

8. Copy of Loan Contract/s, if any, and duly-notarized Certification of Amortization


Payments on the Loan; and

9. Income Tax Return (ITR). Steps and procedures for registering as a BMBE: a.
Accomplish BMBE Form 01 in triplicate and submit to the Office of the Municipal or City
Treasurer. b. The Municipal or City Treasurer evaluates the application. The application
shall be processed within 15 working days upon submission; otherwise, the BMBE shall
be deemed registered. c. A registered BMBE shall be issued a Certificate of Authority
as proof of registration, effective for a period of two years. The application is renewable
every two years.

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