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Businesses of all types in the Philippines — sole proprietorships, partnerships, and corporations — are required to obtain the necessary permits to legally operate within the barangay and city or municipal jurisdiction and renew them every year. This ensures that your business complies with local business regulations and standards for a trouble-free business operation. Renewing business permits, also known as mayor’s permits, can be complicated especially for first-timers. With this guide, we can help you prepare the necessary documents and take the steps needed to ensure a smooth business permit renewal process.

What Do You Need to Renew Your Business Permit?

When renewing your business permit, it is important to check with your local government unit (LGU) to see the complete list of documents you need to submit, as it depends where your business is registered. Typically, these are the documents that are required for a business permit renewal:

1. Renewal Application Form

2. Barangay Clearance Certificate

3. Business Permit from the previous year

4. Business Financial Statements

5. Government-issued IDs

6. Other requirements specific to your business type, e.g. Sanitary Permit, Comprehensive General Liability (CGL)  Insurance

These documents will ensure that your business is compliant and up-to-date with local regulations.

What Are the Steps to Renew Your Business Permit?

Please note that the following steps are general guidelines only. It’s always best to check with your LGU for the complete and specific process that is applicable to your business.

• Step 1: Prepare all the required documents, including the filled out renewal application form. Make sure to check with your LGU for any additional requirements specific to your business. 

• Step 2: Submit the completed application form and documents to the LGU’s Business Permits and Licensing Office. They will assess your business’s fees based on your financial statements.

• Step 3: Pay the required taxes and fees at the City Treasurer’s Office. Then once payment is processed, you’ll be issued an official receipt to be presented when you claim your renewed business permit. 

• Step 4: Make sure to collect your new business permit and post it in your business premises as required by law.

Deadline to Renew 

The business permit renewal period is only from January 1 to January 20 each year. This deadline applies to all businesses regardless of the registration date from the previous year. It's important to remember this date to avoid any penalties or delays in your business operations, so make sure to mark your calendar and set a reminder ahead of time to not forget! It is also recommended that you start preparing your documents 1-2 months before the deadline. It’s better to be prepared and avoid any hassle as the deadline approaches.

Should You Get CGL Insurance During Renewal?

Getting Comprehensive General Liability (CGL) insurance for your business will protect you from unexpected legal and financial expenses like bodily injuries to third parties and damage to property. Mitigating risks is an important aspect of your business to make sure that your operations run smoothly without any problems from expensive claims. This business permit renewal period is the perfect time for you to get Cocogen's Comprehensive General Liability Insurance. By securing this coverage, you will definitely have peace of mind knowing that your business investments are protected, so you can focus on running and growing your business with zero worries!

How to Get Your CGL Insurance

To get your CGL insurance from Cocogen, just reach out to us and we’ll help you find the right coverage and limits  for your business. At Cocogen, we make sure that all types of businesses, whether small startup or a large enterprise, are covered against risks like property damage, bodily injury, and more.

Inquire now or give us a call today at 8830-6000 and let us help you secure your business with the protection it deserves!

You can avoid delays and penalties by following the steps outlined in this guide and preparing the necessary documents ahead of time. Whether you're renewing your business permit or getting CGL insurance for the first time, Cocogen is here to give you the right coverage for your business insurance needs. Don’t wait until the last minute! Plan ahead and make sure your business is both legally compliant and fully protected.

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The views expressed are those of the author and do not necessarily reflect the views of Cocogen Insurance, Inc.