Cooperative Registration in Philippines

Genesis of Cooperative Registration in Philippines

Our compact services ensure cooperative registration in Philippines under the outlined vision of the 2018-22 Philippines Cooperative Development Plan for initiating peace in the post-conflict reconstruction of Mindanao with the primary objective of improving the quality of life of the members ensured through the economic and social benefits offered.

Services for cooperative registration in Philippines attract the registration or setup of a voluntary association of persons to carry out the lawful activities associated with economic, social, or educational purposes. Enterslice ensures guidance to simplfy the complex procedure for a cooperative registration in Philippines that requires the existence of a common bond of interest among the persons associated with it. Simply put, a cooperative registered in the Philippines is an autonomous association governed by the Philippines' Cooperative Development Authority (CDA).

What are Your Options?

Generally, our services emphasize registering 21 types of cooperatives in the Philippines. An association of persons aiming for cooperative registration in Philippines can choose to incorporate the following classified categories of Cooperative in the Philippines:

• Credit Cooperative, which promotes and ensures financial assistance and other financial services to its members;
• Consumer Cooperative, which acquires and distributes products to its members and non-members;
• Producers’ Cooperative, which undertakes agricultural or industrial production of raw materials and finished goods for sale to its members and non-members;
• Marketing Cooperative, which is mainly engaged in fulfilling the supply chain for production inputs;
• Service Cooperative, which is mainly engaged in providing facilities for medical, dental, hospitalization, transportation, insurance, housing, communication, and other professional services;
• A Multipurpose Cooperative is one which generally combines two or more business activities carried out in different cooperatives;
• Advocacy Cooperative is mainly dedicated to advocating and promoting cooperation among the members and the public at large;
• Agrarian Reform Cooperative, which marginal farmers majorly organize for developing the appropriate land tenure, development, management, and consolidation system;
• Dairy Cooperative, where the members are engaged in the direct production of fresh or processed milk or dairy products;
• Education Cooperative is one that mainly aims to set up organized licensed education institutions in the Philippines;
• Electric Cooperative mainly aims at generating power, utilizing renewable resources, and operating sub-transmission to electricity to its household members;
• Health Service Cooperative is organized to promote the medical, dental, and other health services in the Philippines;
• Housing Cooperative, where actively participating members are ensured access to housing benefits;
• Insurance Cooperative, where the cooperative mainly guarantees to provide life and property insurance covers to its members and persons associated with the business;
• Workers Cooperative mainly aims to provide opportunities for business development and employment to its members;
• Minors mainly hold Laboratory Cooperative, and hence, it is affiliated with the registered cooperative;
• Water Service Cooperative is dedicated to securing the water management systems through the provisional distribution of potable water to its members;
• Any other cooperative as determined by the Cooperative Development Authority.

Why Opt for Cooperative Registration in Philippines?

Our team of experts advocates the option for Cooperative registration in Philippines because it benefits both the community and the government of the Philippines. Starting a cooperative in Philippines mainly regulates the activities concerned with the efficient and cooperative conduct of doing things in the Philippines, the enjoyment of social and economic benefits to the members of the cooperative, the propagation of cooperative practices and novel ideas for the successful management of the business operations, the raising the minimum bar for the income of the less privileged groups, and the cooperation with the government and other cooperative organizations.

The following are the attractive benefits responsible for choosing a cooperative registration in Philippines:

1. Cooperative registration in Philippines ensures the delivery of accessible and available premium quality goods and services such as loans, banking services, etc.;
2. Cooperative registration in Philippines ensures easy circulation of funds among the resident members and the said community;
3. Cooperative registration in Philippines ensures maintaining close membership connections among the people of the community or association;
4. Cooperative registration in Philippines ensures the creation of more career opportunities through workforce employment in the associated projects. In addition,
5. Other benefits aim to assist government institutions or agencies through the regulated supply chain and management of public market facilities in the Philippines.

Plump up Cooperative Categories Registration with Enterslice

We at Enterslice are designated for membership or territorial considerations to secure the correct category under which a Cooperative can be registered in the Philippines. The following is the detailed categorization of cooperatives in terms of membership qualification in the Philippines:

1. Primary Cooperative which comprises members who are natural and legal persons;
2. Secondary Cooperative, which includes members who are primaries;
3. A Tertiary Cooperative comprises members of secondary cooperatives, such as federations or unions.

The association chosen for cooperative registration can also be categorized based on its area of operation or territory, which coincides with the country's political subdivisions.

Legal Must-Haves for Cooperative Registration in Philippines

The fulfilment of specific legal mandates must govern the entrepreneurs aiming for cooperative registration in Philippines. The dedicated professionals at services at Enterslice are designated to secure systematic legal requirements detailed below:

• Any person of legal age who is a resident of the Philippines is authorized to hold a cooperative membership in the Philippines;
• A cooperative membership can only be granted either to the regular or associate members;
• A statement named economic survey must be released to describe the structure, purpose, and other financial facilities at the cooperative registration in Philippines;
• A cooperative registration and organization in the Philippines generally requires at least 15 persons sharing a common bond of interest.

Process for Cooperative Registration in Philippines

Are you still confused about the process? Choose Enterslice for a secured and fastrack cooperative registration in Philippines under the aegis of the Cooperative Development Authority which is a government agency of the Philippines ruled under the Philippine Cooperative Code of 2008. The CDA is the only authority responsible for amending the Articles of Cooperation, Bylaws, and the collection of fees, fines, and other relevant charges for cooperative registration in Philippines. We also ensure the submission of regional applications for cooperative registration at the extension offices of the Cooperative Development Authority.

Enterslice designates its professionals to smoothly fix the relevant steps that regulate cooperative registration in Philippines. The entire process required for the cooperative registration and expansion in the Philippines is explained through the following steps outlined below:

Step 1: Get Your Cooperative Organized

The first step mandates you to organize with at least 15 members before starting a cooperative in Philippines. The complex procedure of arranging a cooperative is simplified by understanding the basic needs and the long-term goals of the members of the Cooperative. Organizing a cooperative registration in Philippines allows the accomplishment of the following activities:

• To determine the common problems and basic needs before starting a cooperative in Philippines;
• To classify and categorize the kind of Cooperative required for registration based on the needs;
• To ensure membership, finance, executive, secretariat, and mandatory regulations.

Step 2: Issuance of Name Reservation Notice

Our cooperative registration services under section 9 of the Cooperative Development Authority Act of the Philippines ensure the issuance of name reservation notices for successful cooperative registration in Philippines. The CDA Central Office or other Regional Offices are only authorized to accept the name reservation report form to issue the name reservation notice of the Cooperative. The name reservation report can be filed through postal, mail, courier, electronic mail, or online. The cooperative registration in Philippines must contain the word Cooperative in its official business name or title. Also, the words federation, union, or incorporated must not be included in the business name of the Cooperative. The applicant can reserve the cooperative name for at least 30 to 90 calendar days.

Step 3: Draft Cooperative Bylaws

In the next step, we mandate drafting bylaws containing the rules and regulations governing cooperative registration in the Philippines. The cooperative bylaws must be filed simultaneously with the Articles of Cooperation. The bylaws must contain the following information providing for:

1. The details regarding the admission or membership qualification;
2. The rights and liabilities for the cooperative membership in the Philippines;
3. The circumstances regulating the membership, cost, and other factors;
4. The procedure for termination of the cooperative membership in the Philippines;
5. The conditions concerning the transfer of shares or interests of the cooperative members;
6. The regulations governing the conduct of meetings of the cooperative in Philippines;
7. The details concerning the powers and duties of the general assembly, board of directors, and other committees of the cooperative in Philippines;
8. The detailed method of attracting investment and raising capital before starting a cooperative in Philippines;
9. The complete information regarding the accounting and auditing system enrolled during the cooperative registration in Philippines;
10. The procedure for adopting, repealing, amending, or abolishing the bylaws of the cooperative in Philippines;
11. Any other matter concerning the purpose or activities of the cooperative registration in Philippines.

Step 4: Draft Articles of Cooperation (along with Officer’s Bond)

The following mandatory step solely governs the preparation of the articles of cooperation. The articles of cooperation must be duly signed and acknowledged by the notary public for the cooperative registration in Philippines. The information that must be referred to for drafting the Articles of Cooperation includes the following:

• The reserved name of the cooperative registered in the Philippines;
• The main motive or purpose of starting a cooperative in Philippines;
• The tenure of cooperative registration in Philippines (which must not exceed 50 years period);
• The area of operation and the address proof of the cooperative registration in Philippines;
• The name, nationality, and other postal details of the persons associated with the cooperative registration in Philippines;
• The details of the common bond of cooperative membership in the Philippines;
• The complete information regarding the board of directors enrolled in the cooperative registration in Philippines;
• The status of the share capital holdings in the cooperative in Philippines.

Step 5: Issuance of Treasurer Certificate

In the next step, we sanction the incorporators to secure and sign a security bond comprising accountable officers, i.e., the treasurers or managers. The bond must be secured with fees decided by the board of directors, along with the issuance of the treasurer certificate. The treasurer certificate must be issued in compliance with the oath evidencing the subscription payment of at least 25% of the authorized share capital during the cooperative registration in Philippines.

Step 6: Register with the Cooperative Development Authority (CDA)

In the next step, we file the registration application to the Cooperative Development Authority. The application filed is generally processed within 60 days from the date of application received. The following list of documents must accompany the cooperative registration application in the Philippines:

1. Duly notarized facsimile of the economic survey;
2. Duly notarized facsimile of the articles of cooperation drafted;
3. Duly notarized facsimile of the bylaws drafted to regulate the activities of the cooperative in Philippines;
4. The facsimile of the security bond admitting the accountable officers;
5. Duly notarized facsimile of the treasurer certificate;
6. The facsimile of the cooperative name reservation slip;
7. The facsimile of the registration fee slip is issued either in postal money order form or any other form;
8. The certificates provide for the conduct of Pre-Membership Education Seminars.

Step 7: Issuance of Certificate of Registration

In the next step, the certificate of registration is issued after the successful review and evaluation of the cooperative registration application form filed under the aegis of the Cooperative Development Authority of the Philippines. Issuing the registration certificate is relevant to upholding the Cooperative's judicial personality in the Philippines.

Step 8: Issuance of Optional Certificates

In the next step, we ensure the issuance of the following relevant certificates, which are mandatory for cooperative registration in the Philippines.

1. Certificate of Amendment

The Certificate of Amendment accompanies any amendments to the Article of Cooperation or the bylaws of cooperative registration in  Philippines.

2. Certificate of Authority

The Certificate of Authority is issued to accompany the establishment of the duly complied branch office for the cooperative in Philippines. Certificate of Authority for the registration of branch office must be issued under the aegis of the Cooperative Development Authority of the Philippines.

3. Certificate of Recognition

Issuing the Certificate of Recognition necessitates the registration of the laboratory cooperative for minors under 18 years of age. The minor cooperative organization must be issued and governed by the Guardian Cooperative.

4. Certificate of Merger

The certificate of merger, also known as the certificate of consolidation, authorizes the merging and consolidating of two or more cooperatives into one cooperative organization.

5. Letter of Authority

The Cooperative Development Authority of the Philippines must issue a Letter of Authority for regulating the establishment of the duly complied satellite office for the cooperative in Philippines.

Cost for Cooperative Registration in Philippines

We simplify the cost for cooperative registration in the Philippines that includes an initial registration fee, i.e., one-tenth of 1% of the authorized share capital, or the basic fee comprising of the following:

• Registration fee of 500 Philippine Pesos for Primary cooperative registration;
• Registration fee of 2000 Philippine Pesos for Secondary cooperative registration;
• Registration fee of 3000 Philippine Pesos for Tertiary cooperative registration;
• Registration fee of 50 Philippine Pesos for Laboratory cooperative registration;
• The cooperative name reservation fee of 100 Philippine Pesos for at least 30 calendar days;
• The cooperative name reservation fee of 200 Philippine Pesos for at least 60 calendar days;
• The cooperative name reservation fee of 300 Philippine Pesos for at least 90 calendar days;

Also, a legal service charge applies to the services opted for cooperative registration in Philippines.

Why choose Enterslice?

At Enterslice, we assure you that we have 20+ years of experience in successful company registration in the Philippines  and throughout the globe. Our express guide for business registration also provides for Cooperative registration, licensing, and fulfilment of other mandatory legal compliances in the Philippines. A cooperative registration in the Philippines ensures several benefits and more significant opportunities for the cooperative members.

Our success story aims at gathering opportunities for business expansion in the Philippines. Enterslice’s business expansion opportunities are supported by the following services that we offer:

• Secures customer-centric business solutions;
• Intellectual property registration for the trade name;
• Ensures preparation of the incorporation documents;
• Lays various tax incentives;
• Provides HR consultancy services;
• Values business consistency and continuous growth;
• Ensures expert services with our professional team;
• Provides templates for opening bank accounts;
• Secures Cooperative registration in Philippines under the Cooperative Development Authority;
• Assists in gathering relevant licenses for the cooperative in Philippines.