Beruflich Dokumente
Kultur Dokumente
DOCUMENTARY
I.
All applications
cover sheets.
All audited Financial Statements and special audit reports must be certified by an I
independent Certified Public Accountant (CPA), with Statement of Representation
filed with the SEC. Said Statement must indicate the CPA Cert. No., PRC/BOA No.
and the PTR No. of the CPA.
All applications
must indicate the
incorporators,
stockholders/members
partnerships.
REGISTRATION
and supporting
documents
by the Philippine
Tax Identification
Number
for corporations,
and
and have
Embassy
(TIN) of
partners
or
the
for
OF CORPORATIONS
A. STOCK CORPORATION
Basic Requirements
1.
Name Verification Slip (secure online or from SEC Name Verification Unit );
2.
3.
4.
Additional
Requirements
5.
Endorsement/clearance
6.
I..L
Sentral ng Pilipinas ( BSP ) or an affidavit that they will not register their
investment with the BSP
7.
For corporations with more than 40% foreign equity: application form required by
the Foreign Investments Act of 1991 (R.A. 7042, as amended)
8.
For corporations with applications with the Philippine Economic Zone Authority
(PEZA), Subic Bay Metropolitan Authority (SBMA), Clark Development
Corporation (CDC), Cagayan Economic Zone Authority (CEZA) or other
economic zones: Certificate of Authority or endorsement from said government
agencies
9.
Additional requirements
hereunder
indicated
a. Cash
1.
For corporations with foreign. subscribers who want to register their investments
with the BSP: BSP standard bank certificate of inward remittance.
Description of the property showing the name of its registered owner, location,
area, TCT No., tax declaration number and the basis of the transfer value
(market value/assessed value/ zonal value or appraised value ), signed by the
treasurer of the corporation;
2.
3.
4.
5.
C.
Unit
by a licensed
Deed of assignment;
6.
7.
For assignment of a building where the assignor is not the owner of the land:
Lease contract on the land and consent of the land owner to the transfer;
8.
9.
Untitled Land
If the property/ies involved are untitled lands classified by the Bureau of Lands
and the Department of Environment and Natural Resources (DENR) as alienable and
disposable lands and are not covered by the Comprehensive Agrarian Reform Law of
1988 ( R.A. 6657 ), the following documents should, in addition, be submitted:
21-
1.
(a)
property;
(b)
Existence ( or non-existence
) of easements
(c) Whether the transferor is the dominant estate or the servient estate
by virtue of such easemenVs
(vi) Undertaking (under oath) of the transferor/subscriber to answer for any
liability that the corporation might incur by virtue of the acceptance of said
property as paid-up capital;
2. Clearance or certification from the Department of Agrarian Reform attesting to the
following:
(i)
(ii)
3. Blue Print Survey of the Plan, as approved by the Bureau of Lands, showing the
inclusion of such lands.
d. Inventories /Furniture/Personal
Properties
I.. Description of the property and the basis of transfer value (market value or book
value) signed by the treasurer of the corporation;
31-
",
"
4.
properties are
Description of the heavy equipment or property and the basis of transfer value
(book value or appraised value) signed by the treasurer of the corporation;
2.
Appraisal report by a licensed mechanical engineer (not more thail six [6] months
old). If the property is imported, the valuation report of the 8SP shall be
submitted;
3.
4.
is existing and in
f. Shares of Stock
1.
2.
Audited financial statements of the investee company as of the last fiscal year,
stamped received by the SEC and SIR;
3.
4.
Certification by the corporate secretary of the invEstee company that the shares
are in the name of the assignor:
5.
Photocopy of the stock certificates (the original copy should be presented for
verification) ;
6.
If shares of stock are listed in the stock exchange: Latest market quotation in the
newspaper or certification from the stock exchanr:e/broker on the latest market
price of the shares of stock; and
7.
g. Motor Vehicles
1.
Description of the motor vehicles showing the name of the registered owner,
make/model, plate number, chassis number, motor number, certificate of
registration number, and market value, signed by the treasurer of the corporation;
2.
3.
Appraisal report by a licensed automotive engineer (not more than six [6] months
old);
..
"
4.
5.
Affidavit of the transferor that the motor vehicle is existing and in good condition;
and
6.
h. Sea Vessel/Aircraft
1.
2.
3.
Certificate of seaworthiness/airworthiness
agency;
4.
5.
6.
7.
i. Intangibles
j.
1.
2.
Appraisal report
months old);
3.
into
1.
2.
3.
4.
5.
Separate deed of the assignment for the land with primary entry by the Register of
Deeds
51-
"
6.
List of creditors, with the amount due to each creditor certified by the auditor or
certified under oath by the company accountant and the written consent of each
creditor;
7.
8.
Photocopy of the Certificate of Registration of the motor vehicle (the original copy
should be presented for verification);
9.
Photocopy of the TCT/CCT and tax declaration sheet, as certified by the Register
of Deeds and the Assessor's Office, respectively; and
Notes:
1. Items 5 to 10 shall be complied with only if applicable
2. The corporation should use the name of the partnership, drop the word
"company" and add either the word "corporation" or "incorporated", or its
abbreviation
3. The filing of the Articles of Dissolution and Articles of Incorporation or
Increase of Authorized Capital Stock should be simultaneous.
B. NON-STOCK CORPORATION
Basic Requirements
1.
2.
3.
4.
"
"
Additional requirements
II.
1.
2.
3.
4.
by corporate secretary or
A.
OFFICE
1. Application Form
a) SEC Form No. F-103 - for Branch Office
b) SEC Form No. F-104 - for Representative Office
c) SEC Form No. F-108 - for Non-stock corporations
2.
3.
Authenticated copy of the board resolution that (a) authorizes the establishment
of branch or representative office in the Philippines; (b) designates the resident
agent to whom summons and other legal processes may be served to the foreign
corporation; and (c) states that in the absence of such agent or upon cessation of
its operation in the Philippines, any summons or legal processes may be served
to SEC as if the same is made upon the corporation at its home office;
4.
Financial Statements as of a date not exceeding one (1) year immediately prior
to the application, certified by an independent CPA of the home country and
authenticated before the Philippine Consulate/Embassy;
5.
6.
7.
8.
7.l
"
B.
Application Form;
2.
3.
4.
A certification from the principal officer of the foreign entity that the said foreign
entity has been authorized by its board of directors or governing body to
establish its regional or area headquarters or regional operating headquarters in
the Philippines; and
5.
Notes: Within 30 days from receipt of license, the following shall be submitted:
a. For Regional or Area Headquarters:
proof of remittance
US$50,000
b. For Regional Operating Headquarters: proof of remittance
US$200,000 if not submitted with the application papers.
III.
REGISTRATIONI
of at least
of at least
RECORDING OF PARTNERSHIPS
Basic Requirements
1.
2.
3.
Additional
requirements
1.
Endorsement/clearance
2.
8.l
"
b)
c)
For foreign partners who want to register their investments with the BSP:
Proof of remittance
Note: If it is a limited partnership, the word "Limited" or "Ltd" should be added to the
partnership name. Articles of Partnership of limited partnerships should be under oath
only (Jurat) and not acknowledged before a notary public.
IV.
OTHER APPLICATIONS
A.
FOR CORPORATIONS
2.
Additional Requirements
3. Endorsement/clearance
II.
a)
b)
AMENDED BY-LAWS
(for stock and non-stock domestic corporations)
1. Amended By-laws; and
2. Directors' or Trustees' Certificate - a notarized document signed by a majority of
the directors or trustees and the corporate secretary, certifying to (i) the
amendment of the By-laws, indicating the amended provisions, (ii) the vote of the
directors or trustees and stockholders or members, (iii) the date and place of the
stockholders' or members' meeting, and (iv) the tax identification number of the
signatories which shall be placed below their names.
"
.'
III.
stock,
the
amount
3.
4.
5.
Additional
requirements
depending
Contract.
rights by non-subscribing
stockholders.
agencies. if applicable.
3.
4.
5.
6.
10
"
b)
Note:
List of stockholders of record with their respective subscribed and paidup before and after the increase and list of subscribers to the increase
with their respective subscription and payment as presented to and
approved by the SSP.
Item 2 need not be submitted if payment on subscription is already
reflected in the audited financial statements, and the additional capital
infusion is reflected in the cash flow statement
C. Conversion of advanceslliabilities
to equity
1,
2.
3.
Trial balance as of the end of the month immediately preceding the submission
of the requirements, which shall include the subject advances or liabilities, as
certified by the company accountant; and
4.
Note: If the advances are reflected in the audited financial statements (item 6 of
the basic requirements), submit a certification from the auditor identifying the
creditors and the amount owed to each, in lieu of item 1
D. Stock dividends
1.
of the resulting
E.
For other forms of property as payment, submit the
requirements enumerated for registration of stock corporations
additional
2.
Audited financial statements as of last fiscal year, stamped received by the SEC
and the SIR;
3.
If it involves a return of capital: Long form audit report and list of creditors with
the amount due to each certified by the auditor or certified under oath by
company accountant and written consent of each creditor;
11
'.
4.
List of stockholders before and after the decrease, as certified by the corporate
secretary;
5.
6.
7.
V. RECLASSIFICATION/DECLASSIFICATION/CONVERSION
VI.
OF SHARES
1.
2.
3.
4.
Audited financial statements as of the last fiscal year, stamped received by the
SEC and the BIR.
MERGER/CONSOLIDATION
1.
Articles of Merger/Consolidation;
2.
Plan of Merger/consolidation;
3.
List
of
stockholders
of
the
constituent
corporations
before
the
merger/consolidation,
and list of stockholders of record of the surviving
corporation after the merger/consolidation,
as certified by the corporate
secretary;
4.
5.
6.
7.
Certification, under oath, by the president, chief finance officer or treasurer of the
constituent corporations that all creditors (state cut-off date) have been properly
notified of the proposed merger/consolidation;
12
"
8.
Notes:
1.
If the surviving corporation will not issue shares of stock or create additional paidin capital: Disregard item 6
2.
3.
For consolidation: Submit also the requirements for the registration of a stock or
non-stock corporation
Mode of payment:
a. Assignment of Filipino stockholdings to non-Philippine nationals
1. SEC Form No. F-101 or F-102
2. Original copy of the Deed of Assignment
b. Issuance of new stocks from the unsubscribed capital stock
1. SEC Form No. F-101 or F-102
2. Form F-10-1
c. Increase or Decrease of authorized capital stock
1. SEC Form No. F-101 or F-102
2. Requirements for IncreaselDecrease of Capital Stock
d. Merger or Consolidation
1. SEC Form No. F-101 or F-102
2. Requirements for merger or consolidation
2.
3.
List of creditors and the amount due to each, if any, certified by the auditor or
certified under oath by the company accountant and the written consent of each
creditor, or certification as to non-existence of creditors;
.
4.
Certification signed by the President and the Treasurer certifying thati. The dissolution is not prejudicial to the interest of the creditors; and
ii. There is no opposition from any creditor from the time of the last
publication of the notice of dissolution up to the filing of the application
for dissolution with the Commission;
13
5.
6.
7.
Endorsement/clearance
Additional
Note:
requirements
i.
Where the applicant has ceased operations for at least one (1) year, it
shall submita) Audited Financial Statements as of last fiscal year of operation;
and
b) Affidavit of non-operation certified under oath by the President and
Treasurer
ii.
iii.
iv.
v.
its Audited
In cases where there are creditors and the consent of the creditors was not
secured, the application should be in the form of a petition to be filed with Office of
General Counsel of the SEC.
IX. QUASI-REORGANIZATION
1.
2.
3.
Appraisal report of the fixed assets (real properties, permanently installed fixed
assets and machineries and equipment directly needed and actually used in the
business);
4.
14
board resolution
5.
6.
7.
X. EQUITY RESTRUCTURING
XI.
1.
2.
3.
Audited financial statements as of the last fiscal year, stamped received by the
SEC and the BIR.
Letter requesting approval for the creation of the additional paid in capital;
2.
3.
Audited financial statements as of the last fiscal year, stamped received by the
SEC and the BIR.
Note: For additional requirements: Refer to the additional requirements for Increase
of
the Authorized Capital Stock depending on the kind of payment on
subscription
2.
Audited financial statements as of the last fiscal year, stamped received by the
SEC and the BIR; and
3.
Interim audited financial statements used as the basis for such declaration (to be
submitted also if the basis is other than item 2 );
4.
Project income statement for the remaining period certified by the company
accountant;
5.
XIII.
15
"
2.
Audited financial statements as of the last fiscal year, stamped received by the
SEC and the SIR;
3.
Interim audited financial statements used as the basis for such declaration ( to be
submitted also if the basis is other than item 2 );
4.
2.
List of stockholders and the allocation of the property dividend, as certified by the
corporate secretary;
3.
Audited financial statements as of the last fiscal year, stamped received by the
SEC and the SIR;
4.
5.
in the
STRUCTURE
1.
2.
3.
List of stockholders, showing the names and the subscribed and paid-up capital
of each stockholder, certified by the corporate secretary.
Note: For additional requirements in case the payment to subscription came in after
the
balance sheet date: Refer to the additional requirements for Increase of
Authorized Capital Stock depending on the kind of payment on subscription
XVI.
CERTIFICATION
OF PERCENTAGE OF OWNERSHIP
1.
2.
3.
Audited financial statements as of the last fiscal year, stamped received by the
SEC and the SIR; and
16
4.
XVII.
----------------------------------------"
Stock and transfer book of the corporation (to be presented for verification).
1.
2.
Audited financial statements as of the last fiscal year, stamped received by the
SEC and the BIR;
3.
If item 2 is more than six (6) months old: Unaudited financial statements for the
current year period, certified by the company accountant
4.
List of the company's properties, with the book, appraised or bondable values of
the properties which will be used to secure the projected bond issues, certified
by the company accountant or comptroller;
5.
6.
7.
XVIII.
CONFIRMATION
OF VALUATION
received by the
List of stockholders, with the nationalities, amount subscribed and paid up, and
the subscribers to the new shares, signed under oath by the corporate secretary.
Note: For additional requirements: Refer to the additional requirements for Increase of
Authorized Capital Stock depending on kind of payment
B.
signed
by the corporate
FOR PARTNERSHIPS
I.
17
name)
II.
III.
2.
3.
4.
2.
IV.
DISSOLUTION OF PARTNERSHIP
1.
2.
2.
3.
Letter request for earmarking of treasury bills for SEC deposit, stamped received
by the Bureau of Treasury; and
4.
Audited financial statements as of the last fiscal year, stamped received by the
SEC and the BIR.
name
18
b. Change/appointment
of resident agent
III. WITHDRAWAL
1.
2.
3.
Audited financial statements as of the last fiscal year, stamped received by the
SEC and the BIR;
4.
List of creditors, if any, and consent of each creditor, or certification as to nonexistence of creditors;
5.
6.
7.
IV.
Additional
Requirements
a) Amendment of corporate/partnership
a.1.
a.2.
name
V.
2.
3.
19
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4.
Additional
c.
d.
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(stoc~& non-stock)
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Products
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Department of Education
Commission on Higher Education
Technical Education Skills and
Dev~lo~ment Authority ..
Department of Energy
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Maintenance Or anizations
h. Insurance
j. Professional Associations
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Professional Regulation Commission
National Telecommunications
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Philippine Overseas Employment
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National Tobacco Administration
Bureau of Fire Protection
Maritime Industry Authority
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