INCORPORATION

GOVERNMENT AGENCY: If corporation - Securities & Exchange Commission (SEC)

If not - Department of Trade & Industries (DTI)

1. NAME VERIFICATION – Reserve a name for your corporation

1.1 Go to https://crs.sec.gov.ph
1.2 Make an account (if you still don’t have any)
1.3 If w/ account, just follow the step by step procedure of the registration.

2. COLATE THE FF. DOCUMENTARY REQUIREMENTS

2.1 Name Reservation/Verification Slip
2.2 Cover Sheet
2.3 Articles of Incorporation (must be signed by all incorporators and notarized);
2.4 Corporate By-laws (must be signed by all incorporators);
2.5 Registration Data Sheet (CAPITAL STOCK / INCORPORATORS /DIRECTORS /
OFFICERS INFORMATION)
2.6 Affidavit of Undertaking to Change Corporate Name (must be notarized);
2.7 Treasurer’s Affidavit stating the amount of the shares of stock subscribed and
the amount of the subscription price which has been paid-in to him as
Treasurer-in-Trust of the proposed corporation. He should likewise certify that
at least twenty-five percent (25%) of the authorized capital stock has been
subscribed, and at least twenty-five percent (25%) of the amount subscribed
has been paid-in to him for the benefit and to the credit of the corporation.
(must be notarized);
2.8 Bank Certificate (may not be required, but secure still, just in case)

TAKE NOTE:
*Important details needed:
 Corporate Name (The last part must end with Inc., Incorporated,
Corporation or Corp.)
 Purpose of the Corporation
 Address of the Corporation
 Telephone Number
 Value of each share (This is usually P100.00 for 1 share)
 Authorized capital (Total number of shares of the Corporation)
 Subscribed capital (Number of shares to be subscribed by the
incorporators. This cannot be less than 25% of the authorized capital)
 Paid-up capital (Number of shares paid by the incorporators. This cannot
be less than 25% of the paid-up capital)
 Name and Branch of Bank where the paid-up capital amount will be
deposited
 Incorporators (Name, nationality, address, birthday, Tax Identification
Number, Community Tax Certificate Number or Passport Number)
 Shares of the Incorporators (number of subscribed shares, number of
shares paid and percentage of ownership)
 Number of Directors and their names (Must be an incorporator. Not less
than 5 and not more than 15 directors)
 Name of the Chairman of the Board
 Name of President
 Name of Corporate Secretary (must be Filipino)
 Name of Treasurer (must be Filipino)
 INCORPORATION

 Term of the Corporation (50 years is recommended since this is the

maximum period)
 Date of annual meeting of the corporation (Usual date is April 30)
 Accounting Year (Calendar Year or Fiscal Year. Calendar Year is
recommended since this is used by most government agencies)

*All applications and supporting documents must be in four (4) copies and in A4
size bond paper with a cover sheets
*Endorsement/clearance from other government agencies, if applicable.
*Clearance from other Department of the Commission
*For Corporations with more than 40% foreign equity: Application Form for
registration under the Foreign Investments Act of 1991 (R.A. 7042, as amended)
*Endorsement/clearance from: (a) Philippine Economic Zone Authority (PEZA) for
applicant under R.A. 7916, (b) Subic Bay Metropolitan Authority (SBMA) or Clark
Development Corporation (CDC) for applicant under R.A. 7227 and (c) Cagayan
Economic Zone Authority (CEZA) for applicant under R.A. 7922

3. PROCEED TO SEC OFFICE TO SUBMIT ALL DOCUMENTS