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Reportorial Requirement For Foreign Corp

This document outlines the reporting and monitoring requirements for foreign corporations monitored by the Company Registration and Monitoring Department. It lists the required documents, descriptions of the documents, and filing periods. Key requirements include submitting a General Information Sheet, financial statements audited or certified by a treasurer, affidavits of non-operation, securities deposits, and certificates of inward remittance on an initial or annual basis within 30-120 days depending on the document.

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127 views1 page

Reportorial Requirement For Foreign Corp

This document outlines the reporting and monitoring requirements for foreign corporations monitored by the Company Registration and Monitoring Department. It lists the required documents, descriptions of the documents, and filing periods. Key requirements include submitting a General Information Sheet, financial statements audited or certified by a treasurer, affidavits of non-operation, securities deposits, and certificates of inward remittance on an initial or annual basis within 30-120 days depending on the document.

Uploaded by

evduavit
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Reportorial and Monitoring Requirements for Foreign Corporations

Monitored by the Company Registration and Monitoring Department

Requirements/Documents Filing Period


General Information Sheet (GIS)

The GIS should be certified and sworn to by the


resident agent.

1. Branch Office and Representative Office 1. within 30 calendar days from the
anniversary date of the issuance of the SEC
license

2. ROHQ and RHQ 2.


a) initial a) within 30 days after the issuance of the
SEC certificate of registration and license,
AND

b) annual b) within 30 days from the anniversary


date of the issuance of the SEC certificate of
registration and license

Financial Statements (FS) stamped within 120 calendar days after the end of the
“received” by the Bureau of Internal Revenue fiscal year indicated in the FS

The FS of the following foreign corporations shall


be audited by an independent certified public
accountant (CPA) registered with the Board of
Accountancy (BOA):
a) stock branch office and ROHQ with assigned
capital of PhP50,000.00 or more; and
b) non-stock branch office, representative office,
and RHQ with total assets of PhP500,000.00 or
more.

The FS of the following foreign corporations


shall, at the minimum, be certified under oath by
the treasurer of the corporation:
a) stock branch office and ROHQ with assigned
capital of less than PhP50,000.00 ; and
b) non-stock branch office, representative office,
and RHQ with total assets of less than
PhP500,000.00 .

Affidavit of Non-Operation, with the GIS and within 120 calendar days after the end of the
the Balance Sheet (FS) stamped “received” by fiscal year indicated in the FS
the Bureau of Internal Revenue (in lieu of the
FS)

For Branch Office: Securities Deposit


a) initial a) within 60 days after the issuance of the
SEC license

b) additional (if necessary) b) within 6 months after the end of the fiscal
year indicated in the FS

For ROHQ and RHQ: Certificate of Inward


Remittance a) within 30 days after the issuance of the
a) initial SEC certificate of registration and license

b) annual b) within 30 days from the anniversary date


of the issuance of the SEC certificate of
registration and license

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