Processing of OPC Applications

May 2, 2019 SEC NOTICE NOTICE TO THE PUBLIC TO : All Concerned SUBJECT : Processing of OPC Applications The Securities and Exchange Commission will start accepting applications for registration of One Person Corporation (OPC) on May 6, 2019 . For the guidance of applicants, the requirements and sample forms are in SEC Memorandum Circular No. 7, Series of 2019 , or the Guidelines on the Establishment of a One Person Corporation (OPC) which may be downloaded from the SEC website at http://www.sec.gov.ph/wp-content/uploads/2019/05/2019MCNo07.pdf . A list of the requirements, along with the application procedure, is also attached herewith. Initially, applications for registration of OPC shall be filed manually with the Company Registration & Monitoring Department (CRMD), Ground Floor, Secretariat Building, Philippine International Convention Center (PICC), Roxas Boulevard, Pasay City. For clarifications, you may call the following telephone numbers: Direct Lines: 818-5235; 818-7187 Trunk Line: 818-0921 extension 254, 272 or contact Assistant Director Sampaguita R.H. Ladrido through email at [emailprotected] . CAIHTE You may also inquire at our Extension Offices : CEBU CITY EXTENSION OFFICE SEC Bldg. V, Rama Ave. Guadalupe, Cebu City Telephone Nos.: (032) 253-5337; 253-6987 ILOILO CITY EXTENSION OFFICE SEC Bldg. Gen. Hughes St. Iloilo City Telephone Nos.: (033) 337-9984; 335-0025 DAVAO CITY EXTENSION OFFICE SDC Bldg., Purok 13 Maa Road, Brgy. Maa Davao City Telephone Nos.: (082) 298-2170; 298-1893 CAGAYAN DE ORO CITY SEC Bldg. Corner 14th and Tomasaco Del Lara Sts. Cagayan De Oro City Telephone Nos.: (088) 857-4325; (08822) 726-948 (Samsung) BAGUIO CITY Bell House, Historical Core Area, John Hay Special Economic Zone, Baguio City Telephone Nos.: (074) 442-8170; 442-8171 LEGAZPI CITY SEC Bldg., 2nd Floor Chiniel (Avon) Bldg. Rizal St. Albay District Legazpi City Telephone No.: (052) 480-8272 ZAMBOANGA CITY SEC Bldg., San Jose Panigayan St. Zamboanga City Telephone Nos.: (062) 991-7163; 993-1437 TARLAC CITY 2F Legislative Bldg. Tarlac City Telephone Nos.: (045) 491-0140; 491-0142 BACOLOD CITY P. Hernaez St. Extension Brgy. Taculing Bacolod City Telephone No.: (034) 445-5714 ATTACHMENT Application for Registration of One Person Corporation What are the requirements: 1. Cover Sheet 2. Articles of Incorporation for One Person Corporation (Natural Person, Trust or Estate) Please take note of the Commission's privacy policy with regard to Articles of Incorporation filed with it. You may read the Privacy Notice for Registrants of One Person Corporations at https://www.sec.gov.ph/one-person-corporations/ . 3. Written Consent from the Nominee and Alternate Nominee 4. Other Requirements, if applicable: a. Proof of Authority to Act on Behalf of the Trust or Estate (for trusts and estates incorporating as OPC) b. Foreign Investments Act (FIA) Application Form (for foreign natural person) 1 c. Affidavit of Undertaking to Change Company Name, in case not incorporated in the Articles of Incorporation DETACa d. Tax Identification Number (TIN) for Filipino single stockholder e. Tax Identification Number (TIN) or Passport Number for Foreign single stockholder 5. Filing Fees a. Name Reservation Php100.00 per company name and/or trade name b. Articles of Incorporation 1/5 of 1% of the authorized capital stock but not less than Php2,000.00 c. Legal Research Fee (LRF) 1% of the Registration/Filing Fee but not less than Twenty Pesos (Php20.00) d. FIA Application Fee Php3,000, if the single stockholder is a foreign national How to apply for registration: 1. Initially, all name reservation requests shall be submitted manually at the SEC Head Office. CRMD personnel verifies the proposed company name; trade/business names by the applicant: a. If denied, the applicant needs to submit letter of appeal for rejected names subject to the approval of the CRMD appeal officer. 2. Submit Articles of Incorporation with attached written consent of the nominee and alternate nominee and other requirements required for registration, for pre-processing 3. Pay the Filing Fees (Registration Fee, LRF and Name Reservation Fee) 4. Submit hard copies of signed and notarized documents together with the proof of payment of filing fees at CRMD Receiving Unit 5. Receive the Approved Certification of Registration as One Person Corporation aDSIHc Illustration: Footnotes 1. A foreign natural person may put up an OPC, subject to the applicable constitutional and statutory restrictions on foreign participation in certain investment areas or activities.