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I. Registration of A Representative Office in The Philippines

To register a representative office in the Philippines, a foreign corporation must: 1. Remit an initial $30,000 and $30,000 annually for operating expenses. 2. Submit documents like an SEC registration form, name verification, financial statements, and articles of incorporation. 3. Appoint a resident agent who is either an individual of good moral character and financial standing, or a domestic corporation lawfully operating in the Philippines. The foreign corporation must also agree to accept legal process through the SEC if the agent cannot be reached. After registration, the office must register with agencies like the BIR, SSS, PhilHealth, and local mayor.

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268 views3 pages

I. Registration of A Representative Office in The Philippines

To register a representative office in the Philippines, a foreign corporation must: 1. Remit an initial $30,000 and $30,000 annually for operating expenses. 2. Submit documents like an SEC registration form, name verification, financial statements, and articles of incorporation. 3. Appoint a resident agent who is either an individual of good moral character and financial standing, or a domestic corporation lawfully operating in the Philippines. The foreign corporation must also agree to accept legal process through the SEC if the agent cannot be reached. After registration, the office must register with agencies like the BIR, SSS, PhilHealth, and local mayor.

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Taga Bukid
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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DOING BUSINESS IN THE PHILIPPINES

I. REGISTRATION OF A REPRESENTATIVE OFFICE IN THE


PHILIPPINES

REQUIREMENTS:
1. proof of initial inward remittance in the amount of
US$30,000.00. Every year thereafter, the head office must remit
the same amount of US$30,000.00 to cover operating expenses of
the representative office.

2. Other requirements are as follows:

 SEC Form F-104


 Name verification slip
 Registration Data Sheet
 Authenticated copy of the board resolution authorizing the
establishment of the office, designating the resident agent, and
stipulating that in the absence of the agent summons and other
legal processes may be served to the SEC;
 Authenticated Financial Statements of a date not exceeding one
(1) year immediately prior to the application certified by an
independent CPA from the home country;
 Affidavit of solvency;
 Authenticated articles of incorporation; and
 Resident Agent’s acceptance of appointment (this is not
necessary if the resident agent is the one who will sign the
application form).

After the SEC issues the Certificate of Registration, the registration


with the following government agencies must be done
chronologically:
 BIR ;
 SSS;
 PhilHealth; and
 Mayor’s Permit.

II. APPOINTMENT OF RESIDENT AGENT FOR A


REPRESENTATIVE OFFICE
QUALIFICATION:

1. Either an individual residing in the Philippines or a


domestic corporation lawfully transacting business in the
Philippines

 In the case of an individual, he must be of

a) good moral character

b) sound financial standing

REQUIREMENTS:

1. Board Resolution from the corporation appointing a resident


agent in the Philippines

2. A foreign corporation must also execute and file with the


SEC an agreement or stipulation, executed by the proper
authorities of the said corporation, in form and substance as
follows:

“The [name of foreign corporation] does hereby stipulate and


agree, in consideration of its being granted by the SEC a license
to transact business in the Philippines, that if at any time said
corporation shall cease to transact business in the Philippines,
or shall be without any resident agent in the Philippines on
whom any summons or other legal processes may be served,
then in any action or proceeding arising out of any business or
transaction which occurred in the Philippines, service of
summons or other legal processes may be made upon the SEC
and that such service shall have the same force and effect as if
made upon the duly authorized officers of the corporation
officers of the corporation at its home office.”

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