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Startup Tips

Financial Adviser: 5 Things Every Entrepreneur Must Know About the One Person Corporation

Being able to incorporate yourself enables you to protect your personal assets from creditors

One of the key features of the recently approved Revised Corporate Code, otherwise known as Republic Act No. 11232 is the creation of the One Person Corporation.The one person corporation or OPC essentially allows you to form a corporation without the need ...

by Henry Ong  | May 08, 2019 08:00:00
News and Events

Here's How You Can Register as a One-Person Corporation

The SEC now accepts the registration of one-person corporations

Starting Monday, May 6, the Securities and Exchange Commission (SEC) will start accepting the registration of one-person corporations (OPC) at its head office in Pasay City. The move comes less than three months after the Republic Act 11232 or the revised corporation code ...

by Elyssa Christine Lopez for Esquire Philippines  | May 07, 2019 08:00:00
News and Events

Your Business Can be SEC-Compliant in One Day with New Registration Process

The Lane for Express Application was launched early this month

Business owners may have one less task to worry about to become government compliant.Early this month, the Securities and Exchange Commission launched a simplified online application process for those registering non-specialized corporations, allowing their applications to be approved in one day.The Lane ...

by Elyssa Christine Lopez for Esquire Philippines and Sasha Lim Uy for Esquiremag.ph  | March 22, 2019 08:00:00
News and Events

Trying to Register Your Company with SEC Online? Please be Patient as Agency Encounters 'Challenges' While Initializing System

Corporate regulator issues advisory that pending applications uploaded up to Aug. 31 are subject to manual processing

The Securities and Exchange Commission (SEC) is facing some technical problems as it transitions its company registration system (CRS) towards full automation.The system was designed to work completely online – from verification of a proposed company name to assessment and payment of ...

by Pauline Macaraeg  | September 20, 2018 10:00:00
News and Events

SEC Proposes Rules that Set Stage for Extensive Regulation of Initial Coin Offerings

While some tokens may be exempt from registration, all offerings must go through assessment by regulators

The Securities and Exchange Commission (SEC) has released a memorandum circular detailing its proposed rules on initial coin offerings (ICOs) of Philippine companies or targeted at Filipinos.In the circular titled “Rules on Initial Coin Offerings,” the SEC defines ICOs as “distributed ledger ...

by Lorenzo Kyle Subido  | August 02, 2018 06:00:00
News and Events

SEC Approves Php17.55-B IPO of Del Monte Philippines

Operator of world’s largest pineapple plantation needs to clear the Philippine Stock Exchange next

The Securities and Exchange Commission (SEC) has approved the application of Del Monte Philippines Inc. (DMPI), the Philippine subsidiary of multinational food and beverage manufacturer Del Monte Pacific Ltd. (DMPL), to conduct an initial public offering (IPO).In a disclosure to the Philippine ...

by Elyssa Christine Lopez  | May 25, 2018 06:00:00
News and Events

‘Cloud Mining’ Investment Platforms Promise Hefty Returns But SEC Warns Some May be Scams

The securities regulator says these are unregistered investments that expose investors to fraud risks

The Securities and Exchange Commission (SEC) warned the public against investing in cloud mining schemes in an advisory released on Monday, April 10. The commission said any transaction related to cloud mining should be duly registered with the agency, and companies engaging ...

by Pauline Macaraeg  | April 16, 2018 09:00:00
News and Events

Online Media Startup Rappler’s Parent Firm Charged With Tax Evasion

Case arose from allegedly unpaid taxes over purchase of shares from Rappler Inc.

The Bureau of Internal Revenue (BIR) filed on March 8, Thursday, a criminal complaint against Rappler Holdings Corp. (RHC), the parent firm of beleaguered online media startup Rappler Inc., for allegedly evading income taxes and value added taxes (VAT) in 2015, the ...

by Entrepreneur Staff  | March 08, 2018 05:00:00
News and Events

Why is the SEC Blocking Joseph Calata From Selling Tokens for his HK-Based Cryptocurrency Startup to PH Investors?

Corporate regulator says it’s not banning initial coins offering despite earlier warnings

The Securities and Exchange Commission (SEC) has issued a cease and desist order (CDO) against four companies owned by businessman Joseph Calata, the chairman of formerly listed firm Calata Corp. The order aims to block them from selling cryptocurrencies or tokens in ...

by Lorenzo Kyle Subido  | January 29, 2018 04:00:00
News and Events

Former Stock Exchange Chief Assails SEC Decision on Rappler as ‘Anti-Business’

Lawyer Francis Lim says agency’s harsh penalty is inconsistent with its mandate to protect investors

A former president of the Philippine Stock Exchange (PSE) has branded as “anti-business” and “anti-investor” the Securities and Exchange Commission (SEC)’s recent decision revoking the incorporation of online media startup Rappler Inc. for allegedly violating legal and constitutional prohibitions against foreign ownership ...

by Entrepreneur Staff  | January 17, 2018 03:00:00
News and Events

SEC Revokes Incorporation of PH’s Pioneering Online Media Startup Rappler

Agency alleges company violated the Constitution’s prohibition of foreign ownership and management of the mass media

The Securities and Exchange Commission (SEC) has revoked the certificate of incorporation of pioneering online media startup Rappler Inc. for allegedly violating the Philippine constitution’s prohibition against foreign ownership and management of any mass media entity.In an order dated January 11, 2018, ...

by Roel Landingin and Elyssa Christine Lopez  | January 15, 2018 09:00:00
News and Events

Don't be a Victim of Get-Rich-Quick Scams Using Bitcoin and Other Virtual Currencies: Tips from the BSP and SEC

Before giving your money to a cryptocurrency exchange, ask to see its license from the central bank

The recent surge in the value of Bitcoin, which rose almost 20-fold from only $985 apiece at the start of 2017 to a peak of $19,343 last December 16, has attracted the attention of many Filipinos as indicated by the number of ...

by Pauline Macaraeg  | January 10, 2018 04:00:00
News and Events

Is Php10M a Realistic Annual Cap on Crowd-Sourced Loans or Equity? Make Sure SEC Hears What You Think

The corporate regulator is seeking public comments on its proposed rules on crowdfunding

The Securities and Exchange Commission (SEC) is seeking public comments on proposed rules and regulations on crowdfunding activities that it plans to adopt in response to the growing number of startups using the innovative financing option through internet platforms.In a statement released ...

by Elyssa Christine Lopez  | November 28, 2017 10:00:00
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