Why Go With UNAWA RapidStart

Insider tips and
expert advice, using
UNAWA Explainer

AI-enabled digital
assistance through Una,
RapidStart’s smart and
supportive chatbot

Everything that you
need to begin, all in
one neat package

Insider tips and
expert advice, using
UNAWA Explainer

AI-enabled digital
assistance through Una,
RapidStart’s smart and
supportive chatbot

Everything that you
need to begin, all in
one neat package

GET STARTED!

Frequently Asked Questions

What is UNAWA RapidStart?

UNAWA RapidStart is UNAWA’s artificial intelligence-enabled, one-stop shop that takes the pain out of business registration so you can launch your venture-ready startup with greater ease.

Our digital assistant, UNA, will guide you through all the steps of registering your business so you’ll get expert support all throughout the process. Una is powered by the combined expertise of UNAWA’s legal and venture-building teams.

How is UNAWA RapidStart different from other business incorporation packages in the market?

UNAWA RapidStart is digitally-enabled from start to finish, and is powered by artificial intelligence that helps you track each step of the business incorporation package. Una, our digital assistant, will send you important notifications and reminders so you can stay on top of your business registration.

More importantly, UNAWA RapidStart was designed for Philippine startups that want to be venture-ready and investible from Day 1. If you’ve always wanted to start, grow, and scale your own Philippine startup, UNAWA RapidStart is the service for you.

What does UNAWA RapidStart offer?

UNAWA RapidStart is an end-to-end package that offers expert assistance on the following business incorporation steps for Philippine startups:

  • Name reservation and registration with the Securities and Exchange Commission (SEC)
  • Articles of Incorporation & By-laws and other supporting documents
  • Documentary stamp taxes and other fees
  • Registration with the Bureau of Internal Revenue (BIR)
  • Registration with the Pasig City local government unit (LGU)
  • Virtual office in Pasig
  • 1-hour consultation with our expert corporate consultants
What steps will I go through to incorporate my startup?

You’ll go through three (3) main steps to incorporate your startup:

  1. First stop: The Securities & Exchange Commission (SEC): You’ll need to get a reservation for your preferred corporate name. If that name is available, you can proceed with the incorporation. If the name is already taken, you will have to nominate a new corporate name. There is also the option to appeal the denial of a name reservation, if you think that the previous corporate names cited as a bar to your reservation are not really similar to the one you’ve chosen.
  2. Next up: Your Articles of Incorporation (“AOI”) and By-Laws. These documents will define your purpose for doing business, and will be submitted for review by the SEC. The handling examiner will provide comments, if any, that must be addressed by revising the draft incorporation documents. Once the examiner is satisfied with the form of the incorporation documents, the SEC will issue a Payment Assessment Form.
  3. Finally: payment of filing fees! Your fees will be dependent on your authorized capital stock and paid-up capital.  After you’ve paid, it’s a short wait until the SEC releases your Certificate of Incorporation.

After incorporation, you will still need to complete some post-incorporation steps to become a fully legitimate company. This includes registering your company with:

  • The local government unit (LGU) of your desired office address
  • Social Security System (SSS)
  • PhilHealth
  • Home Development Mutual Fund (HDMF or PAG-IBIG)

These registrations may be processed simultaneously. Kindly refer to this article for the relevant requirements, process, and timelines.

What is the minimum capitalization to incorporate a business?

There is currently no minimum capitalization imposed under the Revised Corporation Code. However, please refer to the FAQs below on capitalization for the aspects to consider in deciding on your subscribed and authorized capital stock.

What are the differences between Paid-up Capital Stock, Authorized Capital Stock, and Subscribed Capital Stock?

Authorized Capital Stock refers to the maximum amount of a corporation's capital that investors can subscribe to. This is expressed as a monetary value, divided into a particular number of shares. For example, a corporation may have an Authorized Capital of PHP3 million, divided into 30,000 shares, with a par value of PHP100 per share.

Subscribed Capital Stock refers to that portion of a corporation's authorized capital stock to which an investor has already subscribed. When an investor subscribes to a corporation's capital stock, he/she will be recognized in the corporation's books as a shareholder for the equivalent number of shares corresponding to that amount of capital stock.

Paid-up Capital Stock refers to that portion of an investor's subscription that is fully paid. An investor may already be recorded as a stockholder in the corporation's books even if he/she has only paid a portion of the subscription price. However, the Stock Certificate evidencing the subscription will only be issued upon full payment of the subscription price.

For more information, check out this article.

How do you register a business that does not have a physical office?

A business must designate a physical address in order to incorporate. 

[If you do not have an available office space, you may avail the virtual office hosting services of our partners, •]

What is the difference between a Corporation Name and Trade Name?

A corporate name is the official name registered with the SEC. On the other hand, a trade name is the name that a business uses when it offers its products and services out to the public.

For example, when you buy a meal from McDonald's in the Philippines, you will see that the receipt is issued by Golden Arches Development Corporation. That is the company's corporate name. On the other hand, the trade name it uses is "McDonald's".

I have registered my Business on SEC with a specific address and I am planning to move to another office different from the SEC registration, should I make an amendment?

If a corporation changes its principal address to another address within the same city/municipality, it does not need to amend its Articles of Incorporation. However, the new specific address must be indicated in its annual General Information Sheet ("GIS") filed with the SEC.

If a corporation changes its principal address to a different city/municipality, it should apply with the SEC for an amendment of its Articles of Incorporation. The new address should likewise be reflected in its annual GIS filings

What is an IPO registered name?

The Intellectual Property Office ("IPO") offers trademark registration. A trademark is any visible sign capable of distinguishing an enterprise's goods or services (including trade names). A company may have several trademarks, each covering a specific product or service. Trademark registration grants to the owner the exclusive right to use the trademark in connection with the goods and services listed in its certificate of registration, as well as any similar goods or services.