The Department of Labor and Employment (DOLE)
DOLE is the national government agency that is responsible for formulating policies and implementing programs in the field of labor and employment. The agency protects workers and their welfare by enforcing employment and labor laws. For foreign nationals looking to work in the Philippines, the DOLE is where they must head to to apply for Alien Employment Permits.
Securities and Exchange Commission (SEC)
The commission’s major functions include registration of securities, analysis of every registered security, evaluation of the financial condition and operations of applicants for security issue. Corporations in the Philippines acquire their license from and are registered with the Securities and Exchange Commission. Partnerships and corporations head to this office when registering for their business names.
Philippine Social Security System (SSS)
National and foreign employees and employers earning more than Php 1,000.00 must register and pay to the SSS. Employers are required to register and pay for their employees share of SSS, it shall be deducted from the regular working salary of their employees.
Home Development Mutual Fund (HDMF)
Membership to the HDMF is mandatory, therefore all employers and employees must register and contribute to the fund. This government entity is under and directed by the Pag-IBIG fund. Through the HDMF, members are able to avail housing loans and calamity relief funds.
Philippine Health Insurance Corporation (PhilHealth)
PhilHealth is the Philippine government’s health care corporation. The responsibility of Philhealth is to give its members the basic health insurance and health care financing. SSS members are required to register for PhilHealth.
Department of Trade and Industry (DTI)
For those interested in establishing sole proprietorships and registering their business names, The DTI is the office to head to. Businesses that are importing and exporting are required to register with DTI and in doing so, are eligible to receive special incentives for importing. It is the entity that governs organizations that promote investments such as Board of Investments (BOI) and the Philippine Economic Zone Authority (PEZA). This office is in-charge of the accreditation responsibilities of the Bureau of Product Standards (BPS) Accreditation Scheme (BAS) and BPS Laboratory Accreditation Scheme (BPSLAS).