Today is July 14, 2020

PROCESSING OF APPLICATIONS FOR FOREIGN CORPORATIONS

Schedule of Availability of Service
Mondays to Fridays, 8:00am-5:00pm without noon break
Who may avail of the Service?
All applicant foreign corporations and partnerships thru their representatives
What are the documentary requirements?
icon_pdfView Documentary Requirements
What business activity requires minimum paid up capital?
icon_pdfView Minimum Paid up Capital
How to Avail of the Service?
STEP
DURATION
APPLICANT/CLIENT SERVICE PROVIDER PERSON IN CHARGE FEES
1
5 minutes/
company name
Proceed to waiting area and wait for service number to be called If proposed name is allowed by the system, the reservation and confirmation notice is printed and given to the applicant; Verification officer P100.00 /reservation for 30 days;
2
10-15 minutes
Present Basic and/or additional requirements at the Corporate and Partnership Registration Division, Ground Floor, Secretariat Bldg., PICC Complex, Roxas Boulevard Pasay City Check the document presented. If complete, advise the registrant to pay the filing fee. If not, advise applicant to comply with requirements Securities Specialist Filing fee:

BRANCH OFFICE:
1% of the actual inward remittance of the corporation converted into Philippine currency but not less than P3,000.00

REPRESENTATIVE OFFICE:
1/10 OF 1% of the actual inward remittance of the corporation converted in Philippine currency but not less than P2,000.00

AREA OR REGIONAL HEADQUARTERS:
P5,000.00

REGIONAL OPERATING HEADQUARTERS:
1% of the actual remittance but not less than 1% of peso equivalent of US$200,000 at the time of remittance

FOREIGN NON-STOCK:
P3,000.00

Note:
In addition to the registration fee, there shall be a Legal Research Fee equivalent to one percent ( 1%) of the Filing Fee but not less than P10.00

3 Pay assessed fee at the Cashier located at the Ground Floor, Secretariat Bldg., PICC Complex, Roxas Boulevard Pasay City Payment Assessment Form Cashier
4 File the application with the CRMD Receiving Unit located at the Ground Floor, Secretariat Bldg., PICC Complex, Roxas Boulevard Pasay City After receipt of application, CPRD staff generates the License bearing applicant’s License No. and corporate Tax Identification No. The CPRD Assistant Director reviews the application and forwards it for approval of CRMD Director GL Staff
Assistant Director
CRMD Director
5 Present Official Receipt to CRMD Releasing Unit, Ground Floor, Secretariat Bldg., PICC Complex, Roxas Boulevard Pasay City to get the Certificate of Incorporation Sorts documents with the License for release to applicant CFRD Staff None
Note :Duration of activity under normal circumstances

 

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