Philippine Securities and Exchange Commission grants up to 50% filing fee discounts for MSME corporate and securities filings

The Philippine Securities and Exchange Commission issued Memorandum Circular No. 8, Series of 2025 introducing discounted filing fees for micro, small, and medium enterprises (MSMEs), covering corporate registration, amendments to increase capital stock, and registration of securities for MSMEs tapping the capital market. MSMEs registering as a corporation receive a 20% discount on registration fees, while MSMEs amending their articles of incorporation to increase capital stock receive a 25% discount on filing fees, with both discounts running until December 31, 2025. A separate 50% discount applies to the registration of securities for MSMEs accessing the capital market until June 30, 2026. Eligibility follows the asset-size classification under Republic Act No. 9501 (up to PHP 3 million for micro enterprises, up to PHP 15 million for small enterprises, and up to PHP 100 million for medium enterprises); for capital stock increase and securities registration filings, the company must provide a signed certification of qualification by its president or treasurer based on total assets excluding the land where the office, plant, and equipment are situated. The release also referenced earlier measures to reduce corporate data request fees by 50% (Memorandum Circular No. 6, Series of 2025) and to set strict processing timelines for applications (Memorandum Circular No. 7, Series of 2025).