26 Sep 6 Basic Steps to Register your Business in Security and Exchange Commission (SEC)

Securities and Exchange Commission (SEC) is an agency of the Philippine Government responsible for regulating the tradable financial asset industry and maintaining the list of companies, their information and accounts in the Philippines.

On November 24, 2017, SEC launched the Company Registration System (CRS), an enhanced online registration system built to replace the use of the older version, SEC iRegister. The new CRS is faster and easier to use, fully automated, and very convenient. Through this new system, registration of new companies can be done anytime and anywhere, account registration and verification of name is free, and payments and entire incorporation process can be completed online.

In this article, we will guide you to the process of registering your new company using the CRS. By the end of this tour, you are expected to understand each process and successfully complete the incorporation process online.

First, CREATE AN ACCOUNT

1. Use Google Chrome to access the Company Registration System.

2. Create an account by clicking Sign Up then, fill out the needed personal information.

3. After clicking Submit, you will receive a verification email to check the validity of your email address – just click, Verify Address.

4. Then, you will be directed to the Login page where you will enter your email address and password.

5. Once successful, My Application will display.

Second, VERIFY COMPANY NAME

1. On the left part of My Application, you will find icons, My Application, Register New Company, Appeal, Compliance, Payment, Other Application, and My Profile, click Register New Company, read and understand the Terms and Conditions of SEC, then click Accept.

2. Fill out the company information- Company Type, Industry Type, Company Name, and SEC Office, based on your requirements. The confirmation of the name must be completed by the applicant within 4 calendar days. If the proposed name is rejected, online appeal is available.

Third, FILLING-OUT AND UPLOADING OF FORMS

1. Since CRS can already provide forms online, you may fill out all the needed details for the Articles of Incorporation and other related documents. Once done, you may download or print them as required.

2. When documents are completed and submitted, SEC will then review and process the application. You will be notified for the progress via SMS or email.

Forth, PAYMENT

1. SEC processor will inform you if payment should already be made. You will be given ten (10) calendar days after receipt to comply. You should also have the signed and notarized documents with you.

Payment methods are:

 – Landbank ePayment Portals

 – SEC cashier at PICC, Pasay

Fifth, SUBMISSION OF PHYSICAL DOCUMENTS

1. Submit the signed and notarized documents in SEC located at PICC, Pasay.

Sixth, RELEASE OF THE CERTIFICATE OF REGISTRATION

1. Wait for the release of your Certificate of Registration. Remember that completion of the registration process should be done within 30 calendar days to avoid removal of the application from the system.

This new SEC system surely made the life of new business owners easier. Once these steps are completed, you may now proceed to processing your Barangay Clearance – getting you a few steps closer to managing your own business.

Leave the hassle to someone who can professionally handle the registration process to the last drop. Make sure to find something like Bliink who could help you understand each process easily and go through with it smoothly.

Need help with processing your SEC Registration? We can help!