Advisories

InCorp Philippines – Advisories

We release advisories on the latest issuances, memorandums, and notices from the government for companies doing business in the Philippines.

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SEC Adopts New Online Submission Tool for Annual Reports

SEC releases a memorandum stating its new adaptation of their online filing system for annual reports, along with its deadlines for submission.

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The Philippines Reopens Its Borders to Tourists

In its latest advisory, the Bureau of Immigration (BI) will reopen its borders to foreign tourists entering the Philippines starting February 10, 2022.

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Annual Reporting For Foreign Nationals In The Philippines 2022

The Bureau of Immigration (BI) reminds all registered foreign nationals in the Philippines and ACR I-Card holders to report in person to BI’s main office for Annual Reporting (AR)…

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Renewal of Business Permit 2022

As a registered enterprise in the Philippines, your company is required to renew its local business permit within the period of January 1st and 20th each year with the Local Government Unit (LGU) which has jurisdiction over your office location.

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SEC Launches One-Day Online Processing in New Company Registration System

SEC has made starting a business even faster and easier, as it held the soft launch for a new feature in its online company registration system that will allow applicants to complete the process in one day.

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SEC Extends Submission of Forms/Notices Pursuant to MC No. 28, Series of 2020

The Securities and Exchange Commission has extended the deadline to comply with SEC Memorandum Circular No. 28, series of 2020, without penalty.

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SEC Pushes for Balance in Fintech Regulation Beyond COVID-19

SEC launched PIO under its Corporate Governance and Finance Department to ensure Fintech regulation in the Philippines.

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BI Releases Guidelines for 9(G) Visa Issuance to Foreign Nationals

The Bureau of Immigration (BI) recently released guidelines regarding the issuance of 9(g) visas to foreign nationals who are currently outside of the Philippines.

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SEC Extends Deadline for Submission of 2020 Annual Report in the Philippines

The Securities and Exchange Commission (SEC) has extended the deadline for submission of 2020 Annual Reports for the Calendar Year (CY) ending December 31, 2020.

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SEC Now Requires Corporations to Digitally File their Annual Reports in the Philippines

The Securities and Exchange Commission (SEC) issued SEC Memorandum Circular (MC) No. 3-2021 to prescribe the use of the Online Submission Tool (OST) for the filing of audited financial statements (AFS), general information sheets (GIS), and other annual reports of registered corporations in the Philippines.

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SEC Releases Guidelines for Mandatory Disclosure of Beneficial Ownership of Registered Corporations in the Philippines

In an effort to further combat money laundering and terrorist financing activities in the Philippines, the Securities and Exchange Commission (SEC) issued SEC Memorandum Circular (MC) No. 01-2021, otherwise known as the Beneficial Ownership Transparency Guidelines.

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International Travel Guidelines for Foreign Nationals Arriving to the Philippines (as of March 5, 2021)

The Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF-MEID) issued Resolution No. 98 on February 4 to prescribe the list of foreign nationals allowed to enter the Philippines starting February 16.

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