One Person Corporation Philippines

Salient Features of the Revised Corporation Code in the Philippines-min

24 Feb: The Six Salient Features of the Revised Corporation Code of the Philippines

On February 20, 2019, the government passed the Revised Corporation Code (RCC) of the Philippines (Republic Act 11232). The revisions aim to make it easier to register and maintain a business in the country. Chief among its reforms is the creation of the One Person Corporation (OPC) and the establishment of corporate perpetuity.