business registration philippines

SEC Incorporation Philippines

14 May: SEC Releases Guidelines on Authentication of Articles of Incorporation

The Securities and Exchange Commission (SEC), under the SEC Memorandum Circular (MC) No. 16 Series of 2020, adopts a relaxed set of guidelines on the authentication of Articles of Incorporation in applications for registration of new domestic corporations, promoting an easier process for business registration in the Philippines.

Post-Registration-Requirements

24 Jun: Post Registration Requirements for PEZA Registered Entities

Application for Approval of Start of Commercial Operations (SCO) – first year only
The application for approval of SCO is one of the prerequisites for the validation of the Income Tax Holiday (ITH) Incentive and securing of the PEZA Certificate of Available Incentives. This must be filed within seven (7) days from the actual commencement of commercial operations.

Aquino Vows to Improve Foreign Investments in the Philippines_

09 Sep: Aquino Vows to Improve Foreign Investments in the Philippines

In his first state of the nation address (SONA) on July 26, 2010, newly elected president Benigno Aquino III vowed to boost foreign investments in the country, fight corruption within the government sector and create job opportunities for the local workforce. Aquino promised to “boost collection and fight corruption in the tax and customs bureaus” and to provide for the education, housing, and health care needs of working class Filipinos.