This article talks about the SEC Memorandum Circular No. 3, Series of 2025 and the mandatory use of SEC Zuper Easy Registration Online (ZERO) platform for the registration of corporations using the Electronic Simplified Processing of Application for Registration of Company (eSPARC) and One-day Submission and E-registration of Companies (OneSEC) portals.
What is the penalty for those responsible for the formation of a corporation through fraud? Those responsible for the formation of a corporation through fraud, or who assisted directly or indirectly therein, shall be punished with a fine ranging from Two hundred thousand pesos (P200,000.00) to Two million pesos (P2,000,000.00) (SEC. 164, Revised Corporation Code
What are the requirements and vote for a religious society to incorporate? A religious society may incorporate upon the written consent and/or by an affirmative vote at a meeting called for the purpose of at least two-thirds (2/3) of its membership (SEC. 114, Revised Corporation Code of the Philippines). This incorporation is intended for the
What are the requirements and vote for a religious society to incorporate? Read More »
What limitations are imposed on the exclusive voting rights granted to Founders’ Shares? The exclusive right granted to Founders’ Shares, allowing holders to vote and be voted for in the election of directors, is subject to a strict time limitation (SEC. 7, Revised Corporation Code of the Philippines). This exclusive right cannot exceed a period
What limitations are imposed on the exclusive voting rights granted to Founders’ Shares? Read More »
How Many Incorporators are Required to Form a Corporation?
How Many Incorporators are Required to Form a Corporation? Read More »
The Revised Corporation Code allows one (1) incorporator for a One Person Corporation (OPC) while a corporation that is not an OPC requires at least two (2) but not more than fifteen (15) incorporators.
How Many Incorporators are Required to Form a Corporation? Read More »
There is NO minimum number of shares of stock required for a corporation to possess. However, certain industries or corporations with foreign equity are required to have a minimum paid-up capital.
What is the Minimum Number of Shares of Stock to Form a Corporation? Read More »
In order to set up a corporation in the Philippines, the incorporation process is lodged with the Securities & Exchange Commission (SEC).
How to Form a Corporation in the Philippines Read More »
A One Person Corporation (”OPC”) may be formed in the Philippines whereby the OPC is composed of a single stockholder who can only be a natural person, trust or estate. Its term of existence is perpetual but in case of a trust or estate, the term shall be co-terminous with the existence of the trust or estate.
A Guide on One Person Corporations in the Philippines Read More »
Foreigners can do business in the Philippines. In fact, foreign investment contributes greatly to the Philippine economy. Some foreigners wish to establish companies in the Philippines which either form part of the company abroad or with a separate entity from its foreign principal. Either way, companies in the Philippines with foreign principals must be duly
