The Philippine Securities and Exchange Commission has expanded its One Day Submission and Electronic Registration of Companies (OneSEC) Zuper Easy Registration Online facility to cover corporations with foreign equity, allowing foreign-owned companies seeking to incorporate in the Philippines to complete registration in one day. OneSEC, launched in 2021 as a subsystem of the Electronic Simplified Processing of Application for Registration of Company (eSPARC), uses pre-filled application forms and can complete the process in as fast as one minute and 14 seconds from application start to receipt of a digital certificate of incorporation. Eligible applicants include one-person corporations and regular corporations with two to 15 incorporators, board of directors and stockholders, while permitted industry classifications have been expanded to 81 from 33. The SEC reported registering 145 foreign corporations in the first half of 2025 and expects volumes to rise with the faster process. The SEC also referenced other recent process measures, including halving corporate data request rates (Memorandum Circular No. 6, Series of 2025), imposing processing timelines with a “deemed approved” policy if review deadlines are missed (MC No. 7, Series of 2025), and providing a 20% discount in registration fees for micro, small and medium enterprises plus up to a 50% discount in filing fees for firms aiming to enter the capital market (MC No. 8, Series of 2025).
Philippine Securities and Exchange Commission 2025-09-10
Philippine Securities and Exchange Commission extends OneSEC one-day online registration to corporations with foreign equity
The Philippine SEC expanded its OneSEC facility to include corporations with foreign equity, enabling one-day registration for foreign-owned companies. It also introduced reduced corporate data request rates, processing timelines with a "deemed approved" policy, and discounts on registration and filing fees for micro, small, and medium enterprises and firms entering the capital market.