Starting a Business in Davao City

2 min read

Starting a business in Davao City can be an exciting venture!

Few Key Steps to Get You Starting a Business in Davao City

1. Develop Your Business Idea

  • Identify a Gap in the Market

    Research what products or services are in demand but not readily available. Consider Davao’s strengths in agriculture, tourism, and BPO (Business Process Outsourcing).

  • Align with your Skills and Interests

    Choose a business concept you’re passionate about and have the skills to manage.

2. Register your Business

  • Choose a Business Structure

    Decide if you’ll operate as a sole proprietorship, partnership, or corporation. Each has its own registration process and regulations.

  • Register with DTI or SEC

    Depending on your chosen structure, register with the Department of Trade and Industry (DTI) or Securities and Exchange Commission (SEC).

  • Secure a Business Permit

    Apply for a Mayor’s Permit from the Davao City Business Bureau. This might involve additional permits depending on your business type.

3. Licenses and Permits

  • National Requirements

    Businesses may need licenses from national agencies like the Bureau of Fire Protection (BFP) and Department of Labor and Employment (DOLE).

  • Local Regulations

    Check with Davao City government for any industry-specific requirements or barangay clearances.

4. Find a Location

  • Consider Your Target Market

    Choose a location accessible to your ideal customers. Davao has various business districts and areas known for specific industries.

  • Comply with Zoning Regulations

    Ensure your business activity is allowed in your chosen area.

5. Resources and Support

  • Davao City Investment Promotion Center (DCIPC)

    This government agency offers assistance to new businesses, including information on permits and possible fiscal incentives.

  • Business Associations

    Join industry associations to connect with other entrepreneurs and gain valuable insights.

More Helpful Resources

This is just a general roadmap. It’s advisable to consult with a business advisor or lawyer to ensure you comply with all regulations specific to your industry and business structure. Good luck with your entrepreneurial journey in Davao City!