2026 Updated Guide
Philippine SaaS Corporation Registration Guide (2026)
Step-by-step guide to registering a SaaS corporation in the Philippines in 2026 — from SEC eFiling to BIR registration, LGU permits, corporate bank accounts, and payment gateway integration.
Introduction: Philippine SaaS Corporation Registration in 2026
Why 2026 is a Great Year to Start Your SaaS Business in the Philippines
The Philippine governments push for digitalization has intensified in 2026, with updated BIR requirements for corporations and improvements in the latest SEC online registration system. For SaaS businesses, this means faster registration, easier compliance, and better support for online payment integrations.
However, many startups still face challenges like navigating complex legal requirements, securing a digital business license in the Philippines, and choosing the right bank and payment gateways. This guide addresses those pain points with step-by-step instructions and practical tips.
Key 2026 Updates for SaaS Startups
- New SEC eFiling enhancements reduce registration time.
- BIR introduces more digital portals for tax compliance, including updated eReceipt systems.
- LGUs have standardized Mayor's permit requirements in 2026 to ease business permit processing.
- Emerging fintech solutions enable seamless payment gateway integration in the Philippines tailored for SaaS models.
- Government incentives and tax breaks for tech startups under the CREATE MORE Act expansions.
Pre-Registration Planning for Philippine Corporations (2026 Edition)
Corporation Types: OPC vs Stock Corporation for SaaS Startups
One Person Corporation (OPC): Best if you want full control but limited to a single owner.
Stock Corporation: Recommended for a two-person corporation setup as it allows multiple shareholders and shares allocation.
For SaaS startups with two founders, a stock corporation is generally preferred to facilitate investment, equity distribution, and future fundraising.
2026 Minimum Capital Requirements and Stock Allocation
- The minimum paid-up capital for stock corporations remains at ₱5,000 for most businesses.
- For financial or specialized licenses, the SEC may require a higher capital.
- Stock allocation strategies for 2-person setups often split shares 50/50 or according to capital/contribution.
SaaS-Specific Considerations in the Philippines
- Consider intellectual property (IP) ownership within your Articles of Incorporation.
- Outline revenue models clearly, as SaaS companies often have subscription-based income.
- Check if your SaaS qualifies for PEZA incentives or other startup grants in the Philippines.
Complete SEC Registration Guide (Philippines 2026)
Step 1: Company Name Reservation (SEC Online Portal)
- Use the SECs Company Name Reservation System at SEC Name Reservation.
- Names are reserved for 30 days.
- Avoid common rejection reasons: similarity to existing names, prohibited words, or incomplete forms.
Step 2: Prepare Required Documents for SEC Filing (2026 Checklist)
- Articles of Incorporation (AOI) – use the updated SEC template for 2026.
- By-laws – now more simplified but must contain essential governance rules.
- Treasurers Affidavit confirming paid-up capital.
- Joint Secretarys Certificate (if applicable).
- SEC registration forms via eFiling at SEC eFiling.
- Valid IDs of incorporators.
Step 3: File Online through SEC eFiling System
The 2026 SEC eFiling system features improved UI and faster document verification. Upload documents, pay fees online (or via bank deposit), and monitor status through the portal.
Step 4: SEC Processing Time and Fees (2026 Rates)
| Process | Timeframe | Fees (₱) |
|---|---|---|
| Name Reservation | 1–3 working days | ₱40 |
| Document Filing & Review | 3–5 working days | ₱2,010 + ₱1,000 for capital over ₱100,000 |
| Certificate of Incorporation Issuance | 1–2 working days | Included in filing fees |
- Incomplete documents → Double-check the checklist before submission.
- Incorrect capital declaration → Follow updated SEC guidelines.
- Name conflicts → Prepare backup name options early.
Post-SEC Business Registration Requirements (2026 Updates)
BIR Registration for Corporations (2026)
- Register for TIN and apply for Certificate of Registration (COR) via BIR eRegistration.
- Register books of accounts and updated Authority to Print (ATP) receipts or electronic invoices.
- The BIR digital systems now support online submission of VAT and income tax returns.
- New rules on eReceipt and eInvoice systems enhance compliance for digital businesses.
Mayor's Permit and Barangay Clearance (2026)
- Apply through the respective LGU websites (e.g., Manila, Makati, BGC).
- Requirements include SEC Certificate, BIR COR, lease contract, and community tax certificate.
- Mayor's permit requirements in 2026 are more streamlined with partial online processing.
- Barangay clearance is still required for local community approval.
Other Registrations
- SSS, PhilHealth, Pag-IBIG employer registration is mandatory if you have employees.
- DOLE registration if hiring more than five employees.
- Check for any new compliance introduced in 2025–2026.
Opening a Corporate Bank Account in the Philippines (2026)
Updated Requirements for Corporate Bank Accounts
- SEC Certificate of Incorporation
- BIR Certificate of Registration
- Mayors Permit and Barangay Clearance
- Company By-laws and Board Resolution authorizing signatories
- Valid IDs of authorized signatories
Best Banks for SaaS Businesses in 2026
| Bank | Digital Banking Features | Initial Deposit (₱) | Notes |
|---|---|---|---|
| BDO | Full digital onboarding, app payments | ₱5,000 – ₱20,000 | Widely accepted, large branch network |
| BPI | Business app, bulk payments | ₱5,000 – ₱15,000 | Strong corporate support |
| UnionBank | API integration, fintech-friendly | ₱5,000 – ₱10,000 | Great for startups and digital services |
| Security Bank | Business banking, digital cash management | ₱10,000 | Strong online platform |
| Metrobank | Online account opening, mobile alerts | ₱5,000 – ₱20,000 | Corporate account with wide coverage |
| Digital Banks (GoTyme, Maya, Tonik) | Limited corporate account options; best for fintech-savvy startups | Varies | Emerging options, may have restrictions |
Account Types, Timeline & Digital Onboarding
- Savings or checking accounts specifically designed for corporations.
- Many banks offer online business banking tools suited for SaaS companies.
- Traditional bank account opening: 3–7 working days.
- Digital onboarding reduces time to 1–3 days for eligible startups.
Payment Gateway Integration for Philippine SaaS (2026)
Top Payment Gateways for Philippine SaaS (2026)
| Gateway | Features | Pricing/Fees | Notes |
|---|---|---|---|
| PayMongo | Subscription billing, fraud detection | Transaction fees ~2.9% + ₱15 | Supports credit cards, GCash, Maya |
| Maya Business | Integrated with Maya wallet | Competitive fees | Recently updated for business accounts |
| Xendit | International payments, real-time settlement | ~2.5% + fixed fees | Strong API, multi-currency support |
| Stripe | Philippine support growing | Competitive | Best for global SaaS scale |
| PayPal | Popular international option | Higher fees | Good for international customers |
Integration and Compliance
- Updated KYC and business verification is mandatory.
- Tax compliance includes charging 12% VAT on SaaS subscriptions (if VAT-registered).
- Use eInvoicing where applicable to comply with BIR standards.
- Emerging embedded finance options enable seamless payments within SaaS platforms.
Complete Cost Breakdown: Corporation Registration (Philippines 2026)
| Fee Category | Estimated Cost (₱) |
|---|---|
| SEC Filing Fees | ₱2,000 – ₱3,500 |
| Documentary Stamp Tax (DST) | ₱1,500 – ₱2,000 |
| BIR Registration Fees | ₱500 – ₱1,000 |
| Mayor’s Permit Fees | ₱1,000 – ₱5,000 (varies by city) |
| Bank Account Initial Deposit | ₱5,000 – ₱20,000 |
| Professional Fees (Lawyer/Accountant) | ₱10,000 – ₱30,000 |
DIY vs hiring professionals: While DIY saves money, professional help reduces errors and delays, especially for startups unfamiliar with the process.
Timeline: How Long to Register a Corporation in the Philippines (2026)
| Step | Duration |
|---|---|
| Name Reservation | 1–3 working days |
| SEC Document Filing & Review | 3–5 working days |
| BIR Registration | 3–5 working days |
| Mayor’s Permit Processing | 5–10 working days |
| Bank Account Opening | 3–7 working days (digital faster) |
Tip: Concurrent processing of BIR and Mayor’s permit can shorten the total time to about 2–3 weeks.
Pro Tips for Smooth Registration in 2026
- Consider hiring a corporate lawyer for document preparation and SEC compliance.
- Use Philippine-compliant accounting software like QuickBooks (PH localization) or JuanTax.
- Employ cloud-based compliance tools to manage tax deadlines.
- Avoid common mistakes like incomplete documents or unverified company names.
- Explore AI tools for bookkeeping and automating recurring filings.
Latest Digital Initiatives and Tech Support (2026)
- DTI Startup PH Program offers digital support and training.
- DICT tech initiatives include grants and digital skills programs.
- PEZA offers tax holidays and incentives for SaaS firms locating in special economic zones.
- Look into incubators such as QBO Innovation Hub for mentorship and networking.
Frequently Asked Questions (2026 Edition)
Can foreigners own Philippine SaaS corporations?
Yes, but there are restrictions under the Foreign Investments Act and constitutional limits on foreign ownership, typically capped at 40%. Check updated guidelines for exceptions and special registrations.
Do we need a physical office address in 2026?
A physical business address is required for SEC and LGU registration but may be a co-working space or virtual office if permitted by local rules.
What tax incentives are available for tech startups?
Under the CREATE MORE Act, select tech startups may qualify for income tax holidays and VAT exemptions, especially if registered with PEZA or other investment promotion agencies.
How to maintain corporate compliance?
Regular BIR filings, SEC annual reports, and LGU permit renewals are essential. Use digital compliance tools for timely reminders and documentation.
Are there simplified registration options for digital businesses?
Yes, some LGUs offer streamlined digital registration for tech startups; check local government websites for the latest updates.
How does remote work affect business registration?
Remote work is recognized, but the official business address must still be declared during registration for SEC, BIR, and LGU purposes.
Conclusion and Next Steps
Registering your SaaS corporation in the Philippines in 2026 is much more streamlined when you follow the correct steps and use the latest digital tools. From the SEC registration process (Philippines 2026) to opening your corporate bank account and integrating the best payment gateways, this guide equips you to launch confidently.
Helpful official portals:
- SEC: https://www.sec.gov.ph
- BIR: https://www.bir.gov.ph
- DTI: https://www.dti.gov.ph
- LGU Makati: https://www.makati.gov.ph
Always verify the latest requirements and consider professional advice for your specific business needs.