SEC Form F-103

S.E.C. FORM NO.
F-103
For a Branch Office of a
Foreign Corporation
APPLICATION OF A FOREIGN CORPORATION

TO ESTABLISH A BRANCH OFFICE IN THE PHILIPPINES
___________________________________________________
(Name of Corporation)
hereby applies for a license to transact business in the Philippines as

a branch office under Section 125 of Batas Pambansa Blg. 68 and
Foreign Investments Act of 1991 (RA 7042, as amended) and submits
the following statements and accompanying documents:
1. The applicant is a corporation organized under the laws of
__________________________ on ________________________ for a term of
_______________ and intends to operate a
(
(
2.
)
)
domestic market enterprise

export market enterprise
The
location
of
its
*
**
principal
office
is
at
__________________________________________________________________________________
(complete address in home country)
3. ___________________________________, _______________with
(Name of Resident Agent)
(Nationality)
residence or office address at ___________________________________

____________________________________ is its resident agent in the
Philippines, authorized to accept summons and legal processes in all
legal proceedings, and all notices affecting the corporation.
4.
The
corporation
shall
hold
office
in
__________________________
____________________________and operate in _________________________.
(Specify place in the Philippines)
5.
The purpose(s) of said corporation which it intends to
pursue in the transaction of its business in the Philippines is/are
_____________________________________________________________________
_____________________________________________________________________
_____________________________________________________________________
(Please use additional sheet if necessary)
* domestic market enterprise - an enterprise which produces goods for sale, or renders
services or otherwise engages in any business in the Philippines. This requires assigned
capital of US$200,000.00.
** export market enterprise - an enterprise wherein a manufacturer, processor or service
(including tourism) enterprise exports sixty percent (60%) or more of its output, or wherein a
trader purchases products domestically or exports sixty percent (60%) or more of such
purchases. Minimum capital required is P5,000.00.
6.
The names and addresses of the present directors and
officers of the corporation are as follows:
NAME
______________________________
______________________________
______________________________
______________________________
______________________________
ADDRESSES
____________________________________________
____________________________________________
____________________________________________
____________________________________________
____________________________________________
7. The authorized capital stock of the corporation is

__________________________________________ roughly equivalent to
P_________________ and the aggregate number of shares which the
corporation has authority to issue is _____________________________
(itemized by classes & series, if any)
8.
The outstanding capital stock of the corporation is
__________________________________ and the aggregate number of
shares which the corporation has issued is ______________________ all
of which are of a par value of __________. (itemized by classes & series, if any)
9.
The amount actually paid in the treasury of the foreign
corporation is _______________________________________.
10.
That the applicant or its alien subscriber(s)/partner(s)
who are stockholders/partners of an existing corporation/partnership
in the Philippines which is engaged in the same line of business as
that of the applicant are as follows:
NAME
_________________
_________________
_________________
_________________
NAME OF CORPORATION/
PARTNERSHIP
_________________________
_________________________
_________________________
_________________________
PERCENTAGE OF
SHAREHOLDINGS
______________
______________
______________
______________
NO. OF DIRECTORS/
PARTNERS
________________
________________
________________
________________
(Please use additional sheet if necessary)
11. That as an export enterprise, the applicant undertakes to

export at least 60% of its total output as indicated hereunder and
commits to submit report of such export to the Board of Investments
as required by the Implementing Rules of RA 7042 as amended:
2
YEAR
PRODUCTS
TOTAL PROJECTED SALES

VOLUME/VALUE***
DOMESTIC
SALES
EXPORT
SALES
EXPORT
%
____
____
____
____
________
________
________
________
_______________________
_______________________
_______________________
_______________________
__________
__________
__________
__________
_______
_______
_______
_______
______
______
______
______
***Please use value in case of products of different kinds and characteristics as well as to
those of the same kind but with various categories using different unit of measurement,
volume in case of products of the same kind or category using a common unit of
measurement.
12.
That we hereby authorize the Securities and Exchange
Commission and the Bangko Sentral ng Pilipinas to examine and
verify the deposit in the ____________________________________________
(Name of the Bank)
in the name of _____________________________________________ of said

(Name of the Officer)
corporation in the amount of ________________________________________

__________________________________________ which is equivalent to
___________________________________________ (P___________________) at
the current rate of exchange, representing the actual remittance of
the applicant. This authority is valid and inspection of said deposit
may be made even after the issuance of the license of the company.
13. That we manifest our willingness to change our corporate
name in the event another person, firm or entity has acquired a prior
right to the use thereof or such name is deceptively or confusingly
similar to one which has prior right.
Done this ____ day of _________, 200___ at ____________________.
______________________________________
(Signature over printed name of resident agent )
SUBSCRIBED AND SWORN TO before me, this ______ day of

_________, 200____ affiant exhibiting to me his/her Community Tax
Certificate No. ____________ issued at __________________ on ______________.
NOTARY PUBLIC
Doc. No._______;
Page No. _______;
Book No. _______;
Series of 200 ____.
NOTE:
Only applications with complete supporting documents including proper indorsements

from appropriate government agencies shall be accepted.
All documents executed abroad should be authenticated by the Philippine Embassy or
Consulate in country where executed
Submit six (6) copies
List of Requirements:
1) Application Form
2) Name Verification Slip
3) Certified copy of Board Resolution authorizing the establishment of an office in the Philippines;
designating the resident agent to whom summons and other legal processes may be served in behalf of
the foreign corporation; and stipulating that in the absence of such agent or upon cessation of its
business in the Philippines, any summon of legal processes may be served to SEC as if the same is
made upon the corporation at its home office.
4) Financial statements for the immediately preceding year at the time of filing of the application,
certified by an independent Certified Public Accountant of the home country.
5) Certified copies of the Articles of Incorporation/By-laws/Partnership with an English translation
thereof if in a foreign language.
6) Proof of Inward Remittance such as bank certificate of inward remittance or credit advices.
7) Registration Data Sheet
8) Resident Agents acceptance of appointment (not necessary if agent is the signatory in the
application form)

SEC Form F-103

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What are the requirements for a foreign corporation to establish a branch office in the Philippines?

S.E.C. FORM NO.

APPLICATION OF A FOREIGN CORPORATION

hereby applies for a license to transact business in the Philippines as

domestic market enterprise

residence or office address at ___________________________________

7. The authorized capital stock of the corporation is

(Please use additional sheet if necessary)

11. That as an export enterprise, the applicant undertakes to

TOTAL PROJECTED SALES

in the name of _____________________________________________ of said

corporation in the amount of ________________________________________

SUBSCRIBED AND SWORN TO before me, this ______ day of

Only applications with complete supporting documents including proper indorsements

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