August 28, 2025 | 12:00am
MANILA, Philippines — The Securities and Change Fee (SEC) is enabling extra companies to finish the corporate registration course of inside a day.
To make firm registration sooner and simpler, the fee has expanded the listing of industries allowed to avail themselves of the one-day registration course of to 81 from 33.
Industries could register via the One Day Submission and Digital Registration of Firms (OneSEC) Zuper Straightforward Registration On-line facility.
This method permits corporations to finish the registration course of in as quick as one minute and 14 seconds, from the beginning of the appliance to the receipt of a digital certificates of incorporation.
“Firm registration marks step one in legitimizing a enterprise, which is why we need to make the method as straightforward and accessible as doable to our stakeholders,” SEC chairman Francis Lim stated.
The SEC stated the not too long ago expanded protection has resulted in an almost 300-percent surge within the variety of corporations registered via OneSEC, to 2,938 in July from only one,014 registrations in Could.
“As we transfer to streamline the registration course of, we hope to encourage extra entrepreneurs to make use of the company automobile to facilitate their enterprise and finally elevate funds for growth by tapping the capital market,” Lim stated.
OneSEC was launched in 2021 as a subsystem of the Digital Simplified Processing of Software for Registration of Firm or eSPARC, which makes use of pre-filled software kinds to streamline the registration course of.
The SEC stated companies eligible to register through the “pass-through” system embody one-person companies and common companies with two to fifteen incorporators, a board of administrators and stockholders.
The fee has been ramping up applications that align with its mandate of enhancing the benefit of doing enterprise within the nation.
To encourage extra micro, small and medium enterprises to register as companies, the SEC has granted them a 20-percent low cost in registration charges and as much as 50 % low cost within the submitting payment for these searching for to faucet the capital market.
It additionally issued Memorandum Round 6, Sequence of 2025, which decreased the charges for company information requests by half.
Additional, the SEC has imposed strict timelines within the processing of purposes for permits, licenses, registrations, certificates, clearances and different authorizations via MC 7, Sequence of 2025, which included the adoption of a “deemed permitted” coverage ought to the fee fail to fulfill its personal deadline for assessment.
Lim stated that “that is just the start” when it comes to the reforms and applications lined up by the SEC underneath his management.
“We are going to proceed to evaluate our inside insurance policies to determine the bottlenecks that we have to take away to enhance additional the benefit of doing enterprise, thereby reinforcing the belief and confidence of our stakeholders in our programs,” he stated.