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    2019MCNo07 1

    Uploaded by

    Lala

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    2019MCNo07 1

    Uploaded by

    Lala
    7 views19 pages

    Original Title

    2019MCNo07-1

    Copyright

    © © All Rights Reserved

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    PDF, TXT or read online from Scribd

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    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    7 views19 pages

    2019MCNo07 1

    Uploaded by

    Lala

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 19

    APPLICATION FOR REGISTRATION

    OF ONE PERSON CORPORATION

    What are the requirements:

    1. Cover Sheet
    2. Articles of Incorporation for One Person Corporation (Natural Person, Trust or
    Estate)
    Please take note of the Commission’s privacy policy with regard to Articles of
    Incorporation filed with it. You may read the Privacy Notice for Registrants of
    One Person Corporations at https://www.sec.gov.ph/one-person-
    corporations/.
    3. Written Consent from the Nominee and Alternate Nominee
    4. Other Requirements, if applicable:
    a. Proof of Authority to Act on Behalf of the Trust or Estate (for trusts and estates
    incorporating as OPC)
    b. Foreign Investments Act (FIA) Application Form (for foreign natural person)1
    c. Affidavit of Undertaking to Change Company Name, in case not incorporated
    in the Articles of Incorporation
    d. Tax Identification Number (TIN) for Filipino single stockholder
    e. Tax Identification Number (TIN) or Passport Number for Foreign single
    stockholder
    5. Filing Fees
    a. Name Reservation – Php100.00 per company name and/or trade name
    b. Articles of Incorporation -1/5 of 1% of the authorized capital stock but not less
    than Php2,000.00
    c. Legal Research Fee (LRF) - 1% of the Registration/Filing Fee but not less than
    Twenty Pesos (Php20.00)
    d. FIA Application Fee – Php3,000.00, if the single stockholder is a foreign
    national.
    e. Documentary Stamp – Php30.00

    • 1
    A foreign natural person may put up an OPC, subject to the applicable constitutional and statutory
    restrictions on foreign participation in certain investment areas or activities.
    How to apply for registration:
    1. Initially, all name reservation requests shall be submitted manually at the SEC Head
    Office. CRMD personnel verifies the proposed company name; trade/business names
    by the applicant:
    a. If denied, the applicant needs to submit letter of appeal for rejected names
    subject to the approval of the CRMD appeal officer.
    2. Submit Articles of Incorporation with attached written consent of the nominee and
    alternate nominee and other requirements required for registration, for pre-
    processing.
    3. Pay the Filing Fees (Registration Fee, LRF and Name Reservation Fee)
    4. Submit hard copies of signed and notarized documents together with the proof of
    payment of filing fees at CRMD Receiving Unit
    5. Receive the Approved Certification of Registration as One Person Corporation.

    Illustration:
    SEC Staff
    verifies the
    proposed
    company
    name

    Applicant
    submits
    Registration
    Documents
    for pre-
    processing

    Applicant
    pays the
    Filing Fees.
    Applicant submits
    hard copies of
    signed and
    notarized
    Registration
    Documents
    together with the
    proof of payment
    of filing fees

    Applicant
    receives the
    Approved
    Certificate of
    Registration.

    END OF
    PROCESS

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