Online Registration for OPCs and Corporations with 2-4 Incorporators

The Securities and Exchange Commission (SEC) has provided, during the period of the Enhanced Community Quarantine (ECQ), an interim online registration system to facilitate applications for registration of One Person Corporations (OPC) and corporations with only two to four incorporators.

The online registration system allows applicants or their duly authorized representative to input the proposed corporate name together with their trade name/s, if any, and the data to complete their corporate profile. An applicant will be required to provide a valid and existing email account to which the SEC can send notices/advice on the status of the application.

The applicants are advised to allow the SEC three (3) working days from date of their complete online submission to review the application. If the application is approved, the applicant will receive a Payment Assessment Form (PAF) and will be required to pay the registration fees specified in the PAF, and to submit three (3) sets of the hard copies of the proof of payment, completely signed and notarized registration requirements, and other additional documents (when required) to the SEC. If disapproved, the applicant, taking into consideration the corrections/revisions required by the SEC Reviewing Officer, can re-apply using the same online registration system.

Note, however, that payment of registration fees, submission of signed and notarized hardcopies of registration documents shall be done within thirty (30) working days from the lifting of the ECQ. Consequently, the Certificate of Registration shall only be released after the ECQ is lifted.

Click here to read the entire text of SEC Notice dated 08 April 2020.

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