In the Philippines, incorporating a business as a corporation is a preferred choice among entrepreneurs, offering an elevated level of security for its shareholders and proprietors. This guide aims to delineate the procedural intricacies of registering a stock corporation with the Securities and Exchange Commission (SEC), encompassing aspects from name reservation to the submission of requisite documents and subsequent steps following the acquisition of the certificate of registration.
The SEC oversees the corporate sector, market participants in the capital domain, and the securities and investment instruments market, with a core focus on safeguarding the interests of the investing public. This encompasses the regulation of domestic and international investors seeking to establish corporations, partnerships, or associations within the nation.
The SEC’s regulatory purview extends over various business entities, including but not limited to:
Entities not fitting within these classifications generally fall under the jurisdiction of the Department of Trade and Industry (DTI), which focuses on empowering micro, small, and medium enterprises (MSMEs).
The documentation required for SEC registration varies by the industry or business nature. Generally, the following documents are essential:
These documents must be printed in A4 size, signed by the incorporators, and notarized. Notably, the Treasurer’s Affidavit and Bank Certificate are primarily requisite for foundations.
Before registration, it is crucial to address several considerations to ensure a seamless process:
After obtaining the SEC certificate, it is imperative to complete the entire registration process, including compliance with BIR requirements and local permits. It is also essential to note the corporation’s lifespan, stock transaction records, and the submission of annual financial statements (AFS) and general information sheets (GIS) within specified timelines.
Yes, we are here to help. Efficiency, cost-effectiveness, and saving time are paramount considerations during application processes, business registrations, and fulfilling other formalities. Triple i Consulting is the first firm in the Philippines accredited with ISO 9001:2008 for offering company and business registration services.
Should you require company incorporation or business registration assistance, we are here to assist you!
For a complimentary initial consultation with one of our specialists in registration, please reach out to us through any of the methods listed below:
Delegate the complexities of business registration to us, allowing you to concentrate on your primary business goals.