Actions Make Your Dreams Come True!

Most of us Filipinos dreaming to have our own house and lot, and I’m one of the millions of them dreaming that someday my wish come true, but wish could come true if you have a definite plan and expressed in continuous action.

I worked as an Engineer in manufacturing of metal crown caps here in Pasig City, few months later in that company and due to high cost of renting a house; I ask myself on how about investing on real estate, so I ask some of my co-worker if they have any friend or neighbor selling property. I also search the internet like Google, Sulit.com.ph and other search engine to inquire those properties located in Metro Manila, but it’s very expensive.

One day when my co-worker told me that he has a vacant lot located at Antipolo City, I started to ask more about information and he gave me the exact address. I checked the property and got interested to purchase it. I proposed him to buy and made him decided for almost one year.

After his final decision, I attended a four hour orientation at the Pag-ibig Main office also known as HDMF. They give me a complete list of requirements for a purchase of a fully develop lot retail only. I am so happy that day and excited, because finally my dreams will come true if all the requirements will be submitted within 90 days. I know this is my first step for my goal and thank Almighty God for the blessing.

Step by Step on How to have a Business Permit

Step 1. Secure your DTI (Department of Trade and Industry) Certificate of Registration of Business Name, but before going to DTI office list down at least three business names and submit it for approval.

Step 2. Get Barangay clearance for business purpose, you need to have a CTC No. (Sedula) as primary requirement.

Step 3. Gather the documents stated on step 1 and 2 for Mayor’s permit. Fill-up application form from municipal office and pay the following permits, Division permit, Planning permit, Building permit, Health certificate, Fire Code Fees for Bureau Fire Protection, Certificate of real estate tax. Submit a picture of establishment and sketch of location.

Step 4. Proceed to BIR office and register your business.

FOR SELF-EMPLOYED AND MIXED INCOME INDIVIDUALS/ SOLE PROPRIETORSHIP:

Tax Form
BIR Form 1901- Application for Registration for Mixed Income Individuals, Estates and Trusts

Documentary Requirements
- Birth certificate or any valid identification showing name, address and birth date
- Mayors permit or application for Mayors Permit (when applicable)
- Department of Trade and Industry (DTI) Certificate of Registration of Business Name (to be submitted prior to the issuance of the BIR Certificate of Registration (COR)

Procedures
a) Accomplish BIR Form 1901 and submit the same, together with the required attachments, to the Revenue District Office having jurisdiction over the registered address of the business establishment.

b) Pay the Annual Registration Fee (P 500.00) at the Authorized Agent Banks of the RDO.

c) Pay P 15.00 for the Certification Fee and P15.00 for the Documentary Stamp Tax (in loose form to be attached to Form 2303).

d) The RDO shall issue the Certificate of Registration (Form 2303).

FOR CORPORATIONS/PARTNERSHIPS:

Tax Form
BIR Form 1903 - Application for Registration for Corporations/Partnerships (Taxable/Non Taxable), including GAIs and LGUs

Documentary Requirements
- SEC Certificate of Registration (Certificate of Incorporation/Certificate of Co-Partnership) or License To Do Business in the Philippines in case of resident foreign corporation
- Mayors Permit or application for Mayor’s Permit to be submitted prior to the issuance of the BIR Certificate of Registration

Procedures
a) Accomplish BIR Form 1903 and submit the same together with the required attachments to the Revenue District Office having jurisdiction over the registered address of the business establishment.

b) Pay the Annual Registration Fee (P 500.00) at the Authorized Agent Banks of the RDO.

c) Pay P 15.00 for the Certification Fee and P 15.00 for the Documentary Stamp Tax (in loose form to be attached to Form 2303).

d) The RDO shall issue the Certificate of Registration (Form 2303).

e) Taxpayer must pay the Documentary Stamp Tax on the Articles of Incorporation as prescribed under Section 175 of the NIRC, on the 5th of the month following the date of issuance of said article (per RR 4-2000).

Buying Stock Without A Broker

Although the most popular and functional way to buy and sell investments, opening a brokerage account is not absolutely necessary. Many investors aren't aware of the alternative ways to acquire stocks and mutual funds. Although working with a qualified broker definitely has advantages, it may be better, in some cases, to purchase stock directly.

1. Invest through the company's direct stock purchase plan.

A number of companies, such as PLDT, offer direct stock purchase plans. These plans allow investors to buy shares of stock directly from the company. Most have a minimum
initial deposit but are happy to waive it if you agree to automatic monthly withdrawals from your checking or saving account. This way, the company automatically purchases stock for you by debiting your bank account every month. This can be an easy and relatively painless way to save.

2. Take advantage of the DRIP program's cash investment option

If the company doesn't offer a direct purchase plan, find out if it has a dividend reinvestment plan (DRIP). DRIPs are a great tool for growing your portfolio but they also have a hidden feature that most people don't know about, the cash investment option. Most plans allow you to send a check in any amount to the program administrator and they will purchase additional shares for you. The big benefit here is the fact that investor is allowed to purchase fractional shares, allowing all of his or her money to begin building wealth.

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