Scribd
Upload
110 views3 pages

Securities and Exhange Commission: Republic of The Philippines SEC Building, EDSA, Greenhills, Mandaluyong City

1. A foreign multinational company is applying to the Securities and Exchange Commission of the Philippines for registration and a license to establish a regional or area headquarters in the Philippines. 2. The company is organized under the laws of another country and is engaged in international trade with affiliates across the Asia-Pacific region. 3. The application documents the company's affiliates, bank references, and commits to remitting at least $50,000 annually to cover headquarters operations and designates a local agent.

Uploaded by

jhaipinkie
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
110 views3 pages

Securities and Exhange Commission: Republic of The Philippines SEC Building, EDSA, Greenhills, Mandaluyong City

1. A foreign multinational company is applying to the Securities and Exchange Commission of the Philippines for registration and a license to establish a regional or area headquarters in the Philippines. 2. The company is organized under the laws of another country and is engaged in international trade with affiliates across the Asia-Pacific region. 3. The application documents the company's affiliates, bank references, and commits to remitting at least $50,000 annually to cover headquarters operations and designates a local agent.

Uploaded by

jhaipinkie
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 3

Republic of the Philippines

SECURITIES AND EXHANGE COMMISSION


SEC Building, EDSA, Greenhills, Mandaluyong City

APPLICATION OF MULTINATIONAL COMPANY FOR


REGISTRATION AND LICENSE TO ESTABLISH A
REGIONAL OR AREA HEADQUARTERS IN THE PHILIPPINES
The _____________________________________________________________
hereby applies with the Securities and Exchange Commission under
Executive Order No. 226 otherwise known as the Omnibus Investments
Code of 1987, as amended by R.A. 8756 and its implementing rules and
regulations, for registration and license to establish a regional or area
headquarters in the Philippines, and submits the following statements,
undertaking and accompanying documents:
1. The _____________________________________________________ is a
foreign company organized and existing under the laws of
_____________________________________________ engaged in the business of
___________________________________________________ and an international
trade with affiliates, subsidiaries, or branch offices in the Asia-Pacific
Region.
2. The location of its office in the Philippines is
__________________________________________________________________

at

3.
That it has affiliates, subsidiaries or branch offices in the
following places:
NAME
___________________________
___________________________
___________________________
___________________________

ADDRESS
__________________________
__________________________
__________________________
__________________________

4. Bank reference (Foreign and Local)


NAME
___________________________
___________________________
___________________________
___________________________

ADDRESS
_____________________
_____________________
_____________________
_____________________

5. That the activities of the regional or area headquarters to be


established in the Philippines shall be limited to acting as supervisory,
communications and coordinating center for its affiliates, subsidiaries or
branches in the region;
6. That the regional headquarters will not derive any income from
sources within the Philippines and will not participate in any manner in
the management of any subsidiary or branch office the foreign entity
might have in the Philippines.
7. The headquarters shall notify the Board of Investments and the
Securities and Exchange Commission of any decision to close down or
suspend operations of its headquarters or terminate the services of any
expatriate at least fifteen (15) days before the same is effected.
8. That the applicant MULTINATIONAL COMPANY will remit into
the country the entire amount necessary to cover the operation of its
regional headquarters in the Philippines which amount will not be less
than FIFTY THOUSAND U.S. DOLLARS (US$50,000) or its equivalent in
other acceptable foreign currencies annually;
That within thirty (30) days from receipt of license from the
Securities and Exchange Commission, a certificate of Inward Remittance
from a local bank showing it has remitted to the Philippines the amount
of at least FIFTY THOUSAND U.S. DOLLARS (US$50,000) or its
equivalent in other foreign currencies and converted the same to
Philippine currency shall be submitted to the Securities and Exchange
Commission and the Board of Investments.
9. _________________________________________________________ with
residence
or
office
address
at
________________________________________________________________________
__________________________________ is its local agent in the Philippines
empowered to accept service or summons and process in all legal
proceedings against the company and of all notices affecting the same.
10. Attached hereto are:
a) Name Verification Slip
b) Indorsement of the Board of Investments
c) A
certification
from
the
Philippine
Consulate/Embassy, or the Philippine Commercial
Office or from the equivalent office of the Philippine
Department of Trade and Industry in the
applicants home country that said foreign firm is
an entity engaged in international trade with
affiliates, subsidiaries or branch offices in the Asia
Pacific Region and other foreign markets. In case
the certification is issued by the equivalent office of

the Philippine Department of Trade and Industry,


the same shall be authenticated by the Philippine
Consulate/Embassy.
d) A duly authenticated certification from the
principal officer of the foreign entity to the effect
that the said foreign entity has been authorized by
its board of directors or governing body to establish
its regional or area headquarters in the
Philippines.
WITNESS THE SIGNATURE of ____________________________________
hereunto duly authorized to sign for and in behalf of the applicant at
________________________________________________________________ on the
__________ day of _______________________, 200___.

____________________________________
(Name of Company)
by:
____________________________________
(Signature over printed name
of Authorized Representative)
SUBSCRIBED AND SWORN TO before me, this _____ day of
__________, 200___ affiant exhibiting to me his/her Community Tax
Certificate No.____________ issued at ________________________ on
_________________________.
NOTARY PUBLIC

Doc. No. __________;


Page No. __________;
Book No. __________;
Series of 200_______.

You might also like