GENERAL PROCEDURES AND APPLICATION REQUIREMENTS

A. Registration of Business Entities Single Proprietorship/ Business Name Registration

I.

(Application to be filed at any nearest Department of Trade and Industry (DTI) Offices or through http://www.dti.gov.ph) a. Requirements for Filipino Investors i ii Must be a Filipino citizen, at least 18 years old Filipinos whose name are suggestive of alien nationality must submit proof of citizenship such as birth certificate, PRC ID, voter's ID, passport (a) if the applicant has a foreign sounding name, acquired Filipino citizenship by naturalization, election or by other means provided by law, he must submit proof of his Filipino citizenship such as: o Naturalization certificate and Oath of allegiance, o Valid ID card issued by the Integrated Bar of the Philippines (IBP) or Professional Regulatory Commission (PRC) iii Processing Fee of P300.00 and P15 Documentary Stamp

b. Requirements for Foreign Investor (To submit 5 copies)

i ii iii Interview sheet with interviewers findings and recommendation Duly Accomplished Forms: Form # 16- Business Name Application Form #17- Foreign Investors Application

iv v vi vii

ID pictures (Passport Size) a. Foreign Investor 7 copies b. Filipino resident agent- 7 copies ACR/ICR, Special Investors Resident Visa(SIRV) or passport Notarized Appointment of Filipino Resident Agent For Non-Resident Alien :

Proof of Inward Remittance of Foreign Currency with Peso Conversion For Resident: Bank Certificate of Deposit viii Authority to verify Bank Accounts/Bank Certificate of Deposit ix Certification from Resident Alien not seeking Remittance of Profits and Dividends Abroad x If investment includes assets other than foreign exchange, copy of valuation report from Central Bank. xi Clearance/Certification from other involved agencies ( ) PNP/DND- if engaged in defense-related activities ( ) DOST- if investment involves advanced technology xii Fees/Charges- In Cash : For Business Name Registration Certificate a. Single Proprietorship b. Filing Fee c. Registration Fee P 300.00

P500.00 P5,000.00

xiii Biodata of Foreign Investor xiv In case of alien retailer, current year's permit to engage in retail business per R.A. 1180 xv If corporation, certified true copy of the following : -Securities and Exchange -Article of Incorporation and By-laws -Application to do Business in the Philippines under RA7042 Additional requirements on case- to- case basis depending on actual examination and processing of the application. (i.e., If business requires practice of profession: submit photocopy of Philippine Regulation Commission (PRC) license or Integrated Bar of the Philippines membership and present original copy for comparison and contract of employment (If applicable) c. Procedure

i ii iii

iv

v d. Validity

Check online(from a hyperlink at DTI Website : (http://www.dti.gov.ph) if the business name you like to register is still available. Fill-out the application form(copies can be obtained from DTI-Field offices and also available online). Indicate at least three(3) preferred business names. Submit application form together with the documentary requirements, and pay corresponding fees to appropriate DTI-field Offices (DTI-NCR for businesses within metro Manila or DTI- Provincial Offices for businesses outside the Metro Manila. Online lodgment of form is available to some DTIfield offices that have stable internet access. After evaluation of the application form and documents, applicant will be advised accordingly(personally for those walk in clients and an auto e-mail notification for those who lodged online. Issuance of Certificate of Registration

The Certificate of Business Name Registration is valid for 5 years and shall be valid only at the business address indicated thereon. In the event the registered owner thereof should opt to open branch offices within the Philippines, he must apply for separate registration for each of the branch office so established. Processing Time One (1) Day Application filed at National Capital Region (NCR) And some online DTI Field Offices Five (5) Working DaysApplication filed in other at DTI-Field Offices

Where to Register National Capital Region Business Center: AREA I- Manila, Pasay, Paranaque 2nd Flr., Park and Ride Lawton, Manila Tel. 536-7153 AREA II- Makati, Pasig, Pateros, Taguig, Muntinlupa, Las Pinas Unit 208 2nd Floor, Atrium Bldg., Makati Ave., MakatiCity Tel. No. 864-0847 or 864-0829 AREA III- Mandaluyong, Marikina, Quezon City, San Juan Ground Floor Highway 54 Plaza, Mandaluyong City Tel no. 706-1767 or 706-1703 AREA IV- Caloocan, Malabon, Navotas, Valenzuela 5th Floor , Araneta Square, Monumento, Caloocan City Tel. No. 362-7664 or 332-0854 For businesses outside of Metro Manila : Proper DTI Provincial Office where business is located.

2. DOMESTIC CORPORATION (Application to be filed at Securities and Exchange Commission)

REGISTRATION FOR DOMESTIC STOCK CORPORATION

Stock Corporation

PAID-UP :CASH 100% Filipino Equity

Documentary Requirements i. ii. iii. iv. v. vi. Name Verification Slip Articles of Incorporation and By-laws Treasurer's Affidavit/Authority to verify bank account Bank Certificates of Deposit notarized in place where bank signatory is assigned Written joint undertaking to change corporate name signed by two (2) incorporators/Directors Endorsements/Clearances from other government agencies if to engage in any of the following : Air Transport CAB Banking, pawnshops and other financial intermediaries with quasi- banking functions-BSP Educational institutions - Elementary to high school DECS - College, Tertiary course-CHED - Technical Vocational Course-TESDA Electric power plants-DOE Hospitals-DOH Insurance-Insurance Commission Operation of radio, TV and telephone-NTC Recruitment for overseas employment-POEA Securities Agency-PNP Water Transport, construction and building of vesselMARINA

Application Procedure For Online Registration : i. Verify/reserve proposed name via internet using SEC i-register ii. If reservation is complete, register the company via the internet using the SEC I-register. Note 1: File Directly to SEC if clearance from other government agencies is required. Refer to letter g (clearances) Note 2:File Directly to SEC if secondary license is required iii. If online registration is complete, downloads/prints the Articles of Incorporation and By-Laws iv. Pays the required filing fee (online or through the SEC cashier) v. Presents the signed and notarized documents to CRMD vi. Claims Certificate of Registration from Releasing Unit of Records Division

Filed Directly With SEC :

i. Verify/reserve proposed name via internet using SEC I-register ii. Prepares Articles of Incorporation and other required documents iii. Presents accomplished forms/docs for pre-processing at CRMD iv. Presents endorsement to the agency concerned, if endorsement is given by the concerned agency includes the endorsement in the registration documents. v. Pay filing fees to cashier vi. Claims Cert. Of Incorporation from the Releasing Unit, HRAD

Processing Time Within 24 hours

60% Filipino - 40% Foreign Equity Documentary Requirements

(Pls. Submit 6 sets) i. ii. iii. iv. Name Verification Slip Articles of Incorporation and By-laws Treasurer's Affidavit/Authority to verify bank account Bank Certificate of Deposit notarized in place where bank signatory is assigned

v. Written joint undertaking to change corporate name signed by two (2) incorporators/Directors vi. Proof of Inward Remittance by non-resident aliens, and foreign corporations

Note : All documents executed abroad must be authenticated by the Philippine Embassy

Application Procedure Same as in Paid-up: Cash-100%Filipino equity

Processing Time Within 24 hours from filing

More than 40% Foreign Equity New Corporations Documentary Requirements (Pls. Submit 6 sets) i. ii. iii. iv. v. vi. vii. Form F-100 Name Verification Slip Articles of Incorporation and By-laws Treasurer's Affidavit/Authority to verify bank account Bank Certificates of Deposit notarized in place where bank signatory is assigned Written joint undertaking to change corporate name signed by two (2) incorporators/Directors Proof of Inward Remittance by non-resident aliens & foreign corporation

Application Procedure

i.

Verify/reserve proposed name

ii. Prepare AAI and BL and other required documents iii. Get F-100 form from CRMD iv. Present accomplished forms/docs for pre-processing at CRMD v. Pay filing fees to the cashier vi. Claim Certificate of Incorporation from the Releasing Unit, Records Division

Processing Time Within two (2) days from filing Export-Oriented corporations under PEZA & similar zones(exempted from application under the Foreign Investment Act(FIA)

Documentary Requirements i. ii. PEZA/SBMA/CDC certificate indicating location Same as for new corporations

Application Procedure i. Submit required documents

Processing Time Within 24 hours from filing

PAID UP : CASH AND PROPERTIES Real Estate

Documentary Requirements In addition to requirements given in Paid-Up: Cash : (Pls. Submit 6 sets)

i. ii.

Deed of Assignment duly presented to the Register of Deeds for primary entry where the properties are located. Written consent of the mortgage/creditor on the assignment of the property, together with a certification on the outstanding loan balance. Certified true copy(ies) of transfer certificate of title (OCT/TCT). Photocopy of tax declaration sheet and official receipt of real estate tax payment/s for the current year to be checked against original copy(ies) thereof. Appraisal report not exceeding six (6) months prior to filing of the application, to be rendered by an independent real estate appraiser if the transfer value of the property is based on current fair market value(not more than 6 mos.old). BIR Certificate of Zonal Value( if the transfer value is based on zonal value) Statement of assets and liabilities under oath by TIT

iii. iv.

v.

vi. vii.

Application Procedure i. ii. iii. iv. v. Verify/reserve proposed name Prepare AAI and BL and other required documents Present accomplished forms/docs for pre-processing at CRMD Pay filing fees to the cashier Claim Certificate of Incorporation from the Releasing Unit, Records Division

Processing time Within 24 hours from filing

Motor Vehicles, Machinery and Equipment

Documentary Requirements i. ii. iii. Detailed inventory of the properties certified by company accountant. Deed of Assignment executed by the owner in favor of the corporation. Appraisal Report to be rendered by an independent and licensed mechanical engineer if the transfer value of property is based on current fair market value. Copy of the corresponding bill of lading, BSP release certificates, and customs declaration, if the machinerys and equipment are purchased abroad.

iv.

v. vi.

Bangko Sentral ng Pilipinas (BSP) valuation/appraisal report for imported properties. Photocopies of motor vehicle certificate of registration & official receipt of annual registration fee for current year.

Application Procedure Same as in Paid-Up : Cash and Properties (Real Estate) Processing Time Within 24 hours from filing Shares of Stock

Documentary Requirement i. ii. iii. iv. v. vi.

(Pls. Submit 6 sets)

Detailed physical inventory of the properties certified by the corporate secretary Deed of Assignment. Photocopies of certificate of stock endorsed in favor of applicant company Audited Financial Statements of last Fiscal/calendar year of investee company Certification from corporate secretary of the investee company that shares of stock are still outstanding in the name of transferor Statement of assets and liabilities by Treasurer-in-trust (TIT)

Application Procedure Same as in Paid-Up : Cash and Properties (Real Estate) Processing time Within 24 hours from filing

Inventories and Furniture Documentary Requirements

i. Detailed physical inventory of properties certified by the treasurer ii. Deed of Assignment iii. Special Audit report by an independent CPA on the verification made on the properties iv. AFS of the assignor (if corporation) v. Statement of assets and liabilities under oath by TIT Application Procedure Same as in Paid-Up: Cash and Properties (Real Estate) Processing time Within 24 hours from filing

B. REGISTRATION FOR DOMESTIC NON-STOCK CORPORATIONS Foundations, Associations and other Non-stock Organizations Documentary Requirements

i. ii.

Name Verification Slip Articles of Incorporation and By-Laws

iii. Written joint undertaking to change corporate name signed by two (2) incorporators/Directors iv. Resolution of the Board of Directors that the Corporation will comply with SEC

v. List of members certified by the Secretary and undertaking to submit list of additional members to the Securities and Exchange Commission (SEC) from time to time. vi. List of contributors and amount contributed certified by the Treasurer vii. For Foundations: notarized Certificate of Bank Deposit of the capital contribution of not less than P1,000, 000.00 and modus operandi or mode of operation source of its funds, the proposed application of said funds, the prospective beneficiaries of grants and endowments.

Application Procedure

For Online Registration:

i. ii.

Verify/reserve proposed name via internet using SEC i-register If reservation is complete, register the company via the internet using the SEC i-register. Note 1: File Directly to SEC if clearance from other government agencies is required. Refer to letter g (clearances) Note 2:File Directly to SEC if secondary license is required

iii. iv. v. vi.

If online registration is complete, downloads/prints the Articles of Incorporation and By-Laws Pays the required filing fee (online or through the SEC cashier) Presents the signed and notarized documents to CRMD Claims Certificate of Registration from Releasing Unit of Records Division

Filed Directly With SEC :

i. ii.

Verify/reserve proposed name Buy forms for articles & by-laws from Express Lane(for livelihood, driver, operators, neighborhood, education , religious organizations are available including Blank forms for non-stock organizations) Presents accomplished forms/docs for pre-processing at CRMD Pay filing fees to cashier Claims Cert. Of Incorporation from the releasing Unit, Records Division

iii. iv. v.

Processing Time Within 24 hours from filing Religious Corporations Documentary Requirements i. Name Verification Slip ii. Articles of Incorporation and By-laws iii. Written joint undertaking to change corporate name signed by two (2) incorporators/Directors

iv. Resolution of the Board of Directors that the Corporation will comply with SEC requirement for non-stock corporation

v. List of members certified by the Secretary and undertaking to submit list of additional members to the Securities and Exchange Commission (SEC) from time to time. vi. List of contributors and amount of contributions certified by the Treasurer vii. For religious corporations, refer to Sections 109-116 of the Corporation Code and add affidavit or affirmation or verification by the chief priest, minister, rabbi or presiding elder. Procedure

Same as in Foundation, Association and other Non-Stock organizations

Processing Time Within 24 hours from filing

3. DOMESTIC PARTNERSHIP (Application to be filed at Securities and Exchange Commission)

General Partnership

Documentary Requirements i. ii. Name verification slip Articles of Partnership

iii. Written joint undertaking to change corporate name signed by two (2) incorporators/Directors iv. Clearance/endorsement from other government agencies, if applicable

Application Procedure

For Online Registration

i. Verify/reserve proposed name via internet using SEC i-register ii. If reservation is complete, register the company via the internet using the SEC i-register. Note 1: File directly to SEC if clearance from other government agencies is required. iii. If online registration is completed, system prompts the applicant to pay the filing fees (online or through the SEC cashier) iv. Download/Print the Articles of Partnership v. Pays the required fee vi. Presents the signed and notarized documents to CRMD vii. Claims Certificate of Recording from Releasing Unit of HRAD

Filed Directly With SEC i. Verify/reserve proposed name ii. Buy articles of partnership forms from Express Lane iii. Get endorsement from other government agencies if needed iv. Presents accomplished forms/docs for pre-processing at CRMD v. Pay filing fees to cashier

vi. Claims Cert. Of Incorporation from the Releasing Unit, Records Division

Processing Time Within 24 hours from filing b. Limited Partnership Documentary Requirements i. Name verification slip ii. Articles of Partnership iii. Written joint undertaking to change corporate name signed by two (2) incorporators/Directors iv. Clearance /endorsement from other government agencies if needed v. If it is a limited partnership, the word limited or Ltd should be added to the name. Articles of partnership of limited partnership should be under oath only (Jurat) and not acknowledged before a notary public

Application Procedure Same as in General Partnership Processing time Within 24 hours from filing

4.

FOREIGN ENTITIES LICENSED TO DO BUSINESS IN THE PHILIPPINES (Application to be filed at the Securities and Exchange Commission) a. Branch Office

Documentary Requirements
i. ii. iii. Form F103 Name Verification Slip Authenticated copy of Board Resolution authorizing establishment of office in the Philippines designating resident agent and stipulating that in absence of such agent or upon cessation of business in the Philippines any summons may be served to SEC as if the same is made upon the corporation at its home office. Financial Statements as of a date not exceeding one year immediately prior to the application certified by independent CPA of home country and authenticated before the Philippine Consulate/Embassy. Authenticated copies/ Certified copies of the Articles of Incorporation/Partnership Proof of inward remittance(US$200K) minimum Resident Agents acceptance of appointment (if not signatory in application form)

iv.

v. vi. vii.

Application Procedure
i. ii. iii. iv. v. Verify /reserve proposed name Get F-103 form from CRMD Present accomplished forms/docs for pre-processing at CRMD Pay filing fees to cashier Claim license from Records Division

Processing time Within 3-5 days from filing

b. Representative Office

Documentary Requirements
i. ii. iii. Form F-104 Name Verification Slip Authenticated copy of Board Resolution authorizing establishment of office in the Philippines; designating resident agent & stipulating that

iv. v. vi. vii. viii.

in absence of such agent or upon cessation of business in the Phil. Any summons may be served to SEC as if the same is made upon the corporation at its home office. Financial Statements as of a date not exceeding one year immediately prior to the application, certified by independent CPA of home country and authenticated before the Philippine consulate/embassy. Affidavit executed by the resident agent stating that mother office is solvent and in sound financial condition Authenticated copies of Articles of Incorporation with an English translation if in foreign language other than English Proof of inward remittance(US$30K) minimum such as bank certificate. Resident Agents acceptance of appointment (if not signatory in application form)

Application Procedure i. ii. iii. iv. v. Verify /reserve proposed name Get F-104 form from CRMD Present accomplished forms/docs for pre-processing at CRMD Pay filing fees to cashier Claim license from Records Division

Processing time Within 2 days from filing

c. Regional Headquarters/Regional Operating Headquarters

Documentary Requirements i. Application Form for RHQ/ ROHQ ii. Name Verification Slip

iii. Authenticated certification that foreign firm is engaged in international trade with affiliates, subsidiaries, or branch offices in the Asia Pacific region & other foreign markets. iv. Authenticated certification from principal officer of foreign entity that it was authorized by its Board of Directors or governing body to establish RHQ in the Philippines v. BOI endorsement indicating its approval of RHQ/ROHQ
Application Procedure i. Verify/reserve proposed name ii. Get application form from CRMD iii. Get BOI endorsement iv. Present accomplished forms/docs for pre-processing at CRMD v. Pay filing fees to cashier vi. Claim license from Records Division Processing time

Within 1 day from filing d. Foreign Partnership Documentary Requirements i. ii. iii. iv. v. vi. Name of verification slip Get F-105 Form from CRMD Articles of Partnership Written joint undertaking to change corporate name signed by two (2) incorporators/Directors Clearance/endorsement from other govt. agencies, if applicable. Proof of remittance of foreign partners (only for those partners who want to register their investments with BSP)

Application Procedure

i. ii. iii. iv. v. vi. vii.

Verify/ secure proposed name Buy articles of Partnership forms from the Express lane Get FIA Form 105 from CRMD Get endorsement of other government agencies, if needed Presents accomplished forms/docs for pre-processing at CRMD Pay filing fees to cashier Claims Certificate of Incorporation from releasing Unit, Records Division.

Processing time

Within 24 hours from filing

B. Registration For Incentive Availment

1. Board of Investments (BOI) Requirements i ii iii iv SEC Certificate(Articles of Incorporation/Partnership and ByLaws);DTI Registration (Sole Proprietorship) Audited Financial Statement and Income Tax Return (past three years) Board Resolution to authorized company representative Accomplished Application Form 501 and Project Report

Registration Procedure i ii iii iv v vi vii viii ix File BOI Form 501 with supporting documents and filing fee Evaluation of Application and Preparation of Evaluation Report (incl. Publication of Notice of Filing of Application, plant visit) Presentation to the BOI Management Committee; BOI Governing Board Confirmation Letter advice to Applicant of Board Action If Approved, send letter of approval including preregistration requirements Applicant complies with the pre-registration requirements; Preparation and issuance of Certificate of Registration upon payment by applicant of Registration Fee; Release of Certificate of Registration.

Processing Time Ten (10) to twenty (20) working days Where to Register Project Evaluation and Registration Department Board of Investments 385 Sen. Gil Puyat Ave. Makati City Tel. (+632) 895-6617 Fax (+632) 895-3997 http://www.boi.gov.ph/

2. Regional Board of Investments ARMM

Requirements Duly signed and notarized application form Letter of Intent

Project Study/Simplified Project Report Copy of the SEC Certificate of Registration and articles of Incorporation/Partnership and By-Laws Board Resolution authorizing the officer to transact, execute, and sign in behalf of the applicant firm For existing firms, latest AFS and ITR for the past 3 years or for the period the applicant has been in operation if less than 3 years Other documents that may be required by the specific activity in the IPP For new corporations: Sworn Statement of Assets & Liabilities of Major Stockholders Request for advance authority to import capital requirement Registration Procedure The following are to be submitted for the issuance of Certificate of Registration: Board Resolution accepting RBOI-ARMM Terms and Conditions Board of Directors Sworn Statement Affirming all commitments made by the firm Certificate of non-arrearages (under oath) that applicant is not in arrears in The payment of outstanding obligations, loans to the government or any government instrumentality Publishers Affidavit: Attesting to the publication of the Notice of the Filing of Application Official Receipt for payment of registration fee Processing Time Ten (10) to Twenty (20) working days Where to Register Regional Board of Investments ARMM ORC Compound, Cotabato City Telephone No. (064) 421-1291 Telefax No. - (064) 421-1591 http://www.rboi.armm.gov.ph

3. Philippine Economic Zone Authority (PEZA) Registration for Export Enterprises/IT Enterprises Requirements for Export Enterprises Duly accomplished and notarized PEZA application form and anti-graft certificate (RA 3019).

Board Resolution authorizing the filing and designation of a representative. Securities and Exchange Commission (SEC) Certificate of Registration, Articles of Incorporation and By Laws (if not available, submit draft of Articles of Incorporation) Project brief. Requirements for IT Enterprises Application Form (notarized) Corporate Profile (including that of parent company, if applicable) which should include: o Brief company history o Existing or proposed business activities and projects o List of affiliated companies registered with PEZA o List of affiliated companies registered with the Board of Investments (BOI) and copies of the Certificates of Registration with Terms and Conditions and annual reports submitted, if applicable o Principal officers and biodata o Audited Financial Statements (for the last 3 years for existing companies) Certificate of Registration with SEC and updated Articles of Incorporation Board Resolution authorizing the filing of application with PEZA and designating the representative(s) authorized to transact registration with PEZA Project Brief (i.e., Information on Market, Technical, Financial and Management aspects of the project to be registered) Procedure Submission of accomplished application form. Evaluation and recommendation for approval to the PEZA Board. PEZA Board approval. Issuance of the PEZA Board Resolution of approval. Submission of pre-registration requirements. Preparation of the Registration Agreement. Signing of the Registration Agreement and Issuance of Registration Agreement.

Registration for Ecozone Developers Requirements Duly accomplished and notarized PEZA application form and anti-graft certificate (RA 3019). Board Resolution authorizing the filing of the application with PEZA and designation of representative(s) authorized to transact registration with PEZA. Securities and Exchange Commission (SEC) Registration including Articles of Incorporation and By Laws. Audited financial statements for the last three (3) years, if applicable. Project description (development plan and timetable); Site development plan. Vicinity map indicating various land uses and important landmarks within a kilometre-radius of the proposed economic zone. Proof of land ownership or any document confirming the applicants authority to use the land subject of the proposed economic zone. Endorsement of the Sangguniang Bayan/Panlungsod of the proposed economic zone. DAR conversion clearance/exemption certificate or HLURB Zoning Certification, whichever is applicable. Certification from the Department of Agriculture (DA) that the proposed area is not covered by Administrative Order No. 20 and that such land has ceased to be economically feasible. Verified Survey Returns and technical description of the proposed economic zone area. Environmental Compliance Certificate issued by the Department of Environment and Natural Resources/Environment Management Bureau (DENR/EMB). Natural Water Resources Board (NWRB) Certification that the identified source of water shall not cause supply problem for the adjacent communities. Other documents as may be prescribed by the PEZA Board. Procedure Submission of accomplished application form and documentary requirements. Evaluation and recommendation for approval to the PEZA Board. PEZA Board approval. Issuance of the PEZA Board Resolution of approval. Submission of documentary requirements for Presidential Proclamation of the Economic Zone as Special Economic Zone. Certificate of Complete Staff Work from Local Government, DAR, HULRB and DENR. Endorsement by PEZA of Proclamation documents to the DTI Secretary for his endorsement to the Office of the President of the Philippines. Issuance of the Proclamation by the President of the Philippines. Preparation of the Registration Agreement. Signing of the Registration Agreement and Issuance of Certificate of Registration.

PROCESSING TIME PEZA Board meets at least twice a month. Applications received within a day before the scheduled PEZA Board meeting will be presented in the Board meeting. One (1) month to secure the Presidential Proclamation for Special Economic Zone Developers provided completed documents are submitted.

WHERE TO REGISTER Philippine Economic Zone Authority Roxas Boulevard corner San Luis St., Pasay City Tel. (+632) 551-3454/551-3438/551-3436 Email: [email protected] Website: www.peza.gov.ph

4. Subic Bay Metropolitan Authority (SBMA)

Requirements i ii iii iv v vi vii viii ix x xi Procedure i ii iii iv v vi Submission of Letter of Intent and Application for Registration Evaluation Presentation to SBMA Chairman and Board Board Approval Registration requirements completion Issuance of Certificate of Registration Duly Accomplished SBF Application Form Letter of Intent/Business Proposal Business Proposal Audited Financial Statement Company Information/Brochures Client/Supplier List Financial projections SEC Certificate (Articles of Incorporation and By-Laws)/DTI Registration (Sole Proprietorship) Certification of deposits and credit standing Draft Sublease Agreement(for Subleasee) List of Assets for SBF Operations

Processing Time Three (3) weeks to one (1) month Where to Register Locator Registration and Licensing Department Bldg. 225, Investment Center, Dewey Avenue Subic Bay Freeport Zone Tel. (+63-47) 252-7262 (252-SBMA) (6347) 252-4004 Website: http://www.sbma.com/

5. Clark Development Corporation

Requirements i. Letter of intent accompanied by Project Evaluation Form ii. Letter of Endorsement of Lessee (Sub-lessor) iii. Signed and Notarized Sub-lease Agreement iv. Board Resolution of duly authorized representative / signatory v. Certified true copy of Business Registration (Securities and Exchange Commission Papers, License to transact Business in the Philippines, DTI Registration) exclusively to handle Clark Operations vi. Resume of stock holders & Key Management Officers vii. Proof of Financial Capability (any or all of the following): viii. Latest audited financial Statements of applicant firm (or parent/management company if applicable) stomped Received by the Bureau of Internal Revenue ix. Latest income tax return of applicant firm (or parent/management company if applicable) x. Bank certification of deposits or approved loan or credit line; if equity financing is less than total project cost xi. Proposed site development plan (with perspective drawings) and Construction timetable/financial schedule. xii. Production Process Flow Chart, if applicable (Copy of Systems/Schematic Diagram/Basic Network configurations) xiii. Company brochures, if any xiv. Environmental Impact Statement (for environmentally-critical projects or those to be located in environmentally critical areas) xv. Formalities (licenses, permits, etc..) with National Telecommunications Commission (NTC) and franchises from Congress, if applicable. Registration Procedure i. ii. iii. Investor submits Letter of Intent and Required Documentation detailing Company Profile, Project Features, and Project Requirements CDC identifies potential project site/s and submits Terms of Contract for review of Investor If proposal and Terms of Contract is approved, a Lease Agreement is signed and a Certification of Registration is issued

Processing Time Two (2) to Three (3) Weeks Where to Register Marketing Department Clark Development Corporation Bldg. 2127, C. P. Garcia corner E. Quirino Avenues Clark Freeport Zone, Pampanga Tel. (+63-45)-599-2043, 599-3035, 599-9000 local 652 Website: http://www.clark.com.ph/

6. Cagayan Economic Zone Authority (CEZA) Requirements i ii iii iv Completed Application Form (CSEZFP Form 99-1) Fee for processing amounting to US$200 or its equivalent in Php. Project Feasibility Study Copies of relevant documentation of legal status of business enterprise (articles of incorporation and by-laws/partnership agreement/SEC license to do business) v name and address of legal agent if not a corporation or the business organization established in the Philippines. vi If there is foreign ownership, proof of inward remittance and/or investment or other proof of financial capacity acceptable to CEZA. vii Evidence of intended physical location of enterprise within the Cagayan Special Economic Zone and Freeport (CSEZFP)(i.e., Certificate of Title, etc) viii If part of a larger business enterprise doing business outside the CSEZFP, evidence or restructuring which excludes from the operations of the CSEZFP enterprise all business operations taking outside the CSEZFP. ix List of assets and other properties comprising the investment to be made. x Application Forms for Work Permits for any expatriate personnel. xi List of references that may be contacted to verify the information included in the application, including a commercial bank and/ or financial institutions and independent auditor xii Certificate under oath that the CSEZFP Enterprise applicant will comply with the Masterplan as maybe adopted and amended from time to time xiii Undertaking that applicant shall not at all times conduct any unlawful activities. Procedure i Submission of completed application form to OSAC ii Payment of US$200 processing fee iii OSAC checks completeness of documents iv Upon completion of submitted documents, OSAC issues receipt of complete documents v Validation of submitted documents vi OSAC Review and Recommendation to Administrator and Chief Executive Officer vii Administrator and CEO approval or denial of application. viii If approved, OSAC issues Provisional Certificate of Registration valid for 30-90 days. ix Upon completion of other documents that may be required, CEZA issues the CSEZFP Enterprise Certificate of Registration Processing Time Thirty (30) working days

Where to Register Business Development and Marketing Office 7th Floor Westar Building 611 Shaw Blvd. Pasig City Tel. (+632)636-5780/82 Website: http://www.cagayanfreeport.org/ Email Address : [email protected] Or One Stop Action Center(OSAC) CEZA Administration Building Centro, Sta. Ana, Cagayan Tel. (+63-78)-858-1023

7. Zamboanga Economic Zone Authority (ZEZA) Single Proprietorship Requirements i Evidence of intended physical location of the enterprise within the Zamboanga Freeport (e.g. Commitment letter or other similar documents) and the manner by which the location was secured (whether it was secured directly from the AUTHORITY or from a licensed facilities operator) ii Detailed list of assets comprising the investment to be made iii Company Profile Track Record Business Plan *for Foreign Investors: Proof of inward foreign remittance and investment Partnership/Corporation Requirements i Articles of Incorporation ii Partnership Agreement iii SEC Registration iv Evidence of restructuring if previously part of a larger business elsewhere in the Philippines v Proof of inward foreign remittance and investment vi Evidence of intended physical location of the enterprise within the Zamboanga Freeport vii Detailed list of assets comprising the investment to be made viii Company Profile Track Record Business Plan

Procedure i Submission of Application to Marketing and Enterprise Development Department (MEDD) ii Evaluation of proposal iii Submission of Evaluation Report to the Board for deliberation iv Board Deliberation/Approval v Notification of Proponents Approval Application upon release of Board resolution vi Issuance of Certificate of Registration and Tax Exemption upon Board Approval of said proposal vii Signing of lease agreement (End of registration process) viii Application and Issuance of Building Permit ix Issuance of Certificate of Occupancy and Permit to Operate (Start of Commercial operation)

Processing Time One (1) Month Where to Register Zamboanga Freeport Authority San Ramon, Zamboanga City 7000 Philippines Phone No.: (63)(62)9922012, 9920409, 9922435, 9923284 Fax No.: (63)(62)9930209, 9923224 E-mail: [email protected] Website:http://www.zambofreeport.com.ph

8. PHIVIDEC Industrial Authority Requirements for Manufacturing Firms

i Letter of Intent containing the following: Company Name Name of the Project Description of the Project Project Cost Area Required (Minimum and Maximum) Power Requirement Water Requirement Employment Time Table Duly Accomplished Application Form Feasibility or Project Study /Business Proposal(If Applicable) Company Profile/Brochure Development Plan & Proposed Activities for two(2) years period Process Description and Process Flow Certificate of Registration of Business Name SEC Registration & Articles of Incorporation Income Tax Returns for the last 3 yrs (if applicable) Audited Financial Statement for the last 3 yrs (if applicable List of Directors & Principal Stockholders with Biodata

ii iii iv v vi vii viii ix x xi

xii xiii xiv xv

Duly Accomplished Deed of Undertaking (PIA to provide Pro Forma Forms) Duly Accomplished Anti-Graft Certificate (PIA to provide Pro Forma Forms) Secretary's Certificate / Board Resolution authorizing the filing of application and designation of representatives(s) Other Permits/Clearances required from other government agencies

Requirements for Service Enterprise

i Letter of Intent containing the following: Company Name Name of the Project Description of the Project Capitalization Employment/Manpower Time Table

ii. iii. iv. v.

Duly Accomplished Application Form Feasibility or Project Study /Business Proposal Service Description and Process Flow SEC Registration & Articles of Incorporation DTI Registration (Sole Proprietorship) vi. Certificate of SSS Remittance(When applicable) vii. Income Tax Returns for the last 3 yrs (if applicable) viii. Audited Financial Statement for the last 3 yrs (if applicable ix. List of Directors & Principal Stockholders with Biodata x. Duly Accomplished Deed of Undertaking (PIA to provide Pro Forma Forms) xi. Duly Accomplished Anti-Graft Certificate (PIA to provide Pro Forma Forms xii. Secretary's Certificate / Board Resolution authorizing the filing of application and designation of representatives(s) xiii. Pro Forma Permit Agreement for Service Firm xiv. Fees and Charges xv. Other Permits/Clearances required from other government agencies

Procedure i Discussion of plans with PIA Authorities (Business Development Division, or Policy Planning and Business Development Division, and/or Corporate Planning and Business Development Department) Submission of Letter of Intent with Project Brief Submission of Application Form together with the requested documents PIA Evaluation Submission of Application for PIA Board Approval Issuance of Board Resolution

ii iii iv v vi

vii viii ix x

Signing of registration agreement and lease contract Issuance of Certificates Completion of Other Requirements Start of commercial operation

Processing Time Ten (10) working days Where to Register PHIVIDEC Industrial Authority PHIVIDEC Industrial Estate-Misamis Oriental Mindanao Container Terminal Complex, Administration Building Tagoloan, Misamis Oriental Mindanao, Philippines Phone No. (+63-88) 5670315/890-1108, 8901110 or (+63-8822) 740245/ 740369; Fax No. (+63-88) 5670194 or (08822) 740177 Email: [email protected] Website: http://www.phividecauthority.com.ph/ PIA Makati Business and Liaison Office 3/F, DAO1 Bldg,189 Salcedo st. Legaspi Village, Makati City, Philippines Phone Nos. (+63-2) 817-5330 / 750-67887 Fax. No. (+63-2) 8181338

9. AURORA SPECIAL ECONOMIC ZONE AUTHORITY Requirements

i. ii. Letter of Intent Documents of legal status a. SEC Registration b. Articles of Incorporation c. Partnership Agreement d. Board Resolution of authorized representative e. Other similar documents Identification documents of investors a. For foreigners, photocopy of valid passport b. For locals, photocopy of valid identification cards Evidence of intended physical location a. Certificate of Title, Lease Agreement, Deed of Sale and similar documents Proof of Financial Capacity a. Financial Statements for the last three (3) years b. Bank Certificates of deposits/credit line

iii. iv. v.

vi. vii. viii. ix.

If part of a larger enterprise doing business outside the APECO, evidence of restructuring which excludes the operations of its ASEZA enterprise from business operations outside of ASEZA List of assets comprising the investment to be made Certificate of Compliance to Master Plan of ASEZA Such other documents that ASEZA may require (Other permits and licenses, letters of reference)

Procedure
i. ii. iii. iv. v. vi. vii. viii. Investor submits accomplished Letter of Intent, Company Profile, Board Resolution, Project Evaluation Form ASEZA evaluates the company & the project Submission of documents and other requirements (SEC Registration, Articles of Incorporation, etc) ASEZA evaluates and validates the requirements ASEZA quotes investor of the terms and fees for the proposed project Investor conforms with terms and payment of fees Project proposal approval Issuance of ASEZA Certificate of Registration to Investor

Where to Register Aurora Special Economic Zone Authority (Makati Office) 2nd Floor SSS Bldg. Ayala Avenue, Makati City Tel. (+63-2)-813-43-81 or 84 Mobile (0928) 520-2205 Fax (+63-2)-813-36-74

10. Bases Conversion and Development Authority (RA 7227 and its amendatory law, RA 9400) Poro Point Freeport Zone (PPFZ) Requirements i. ii. iii. iv. v. vi. vii. viii. ix. Letter of Intent/ full Business Proposal Specific Nature of the Proposed Business (Scope of Operation) Total Amount of Investment (in US dollars or Philippine Peso) Employment Generation for the first three years of operation Financial Projections for the first five years of operation Security and Exchange Commission (SEC) Certificate Articles of Incorporation and by-laws Bank Certification of Deposits and Credit Standing Lease Contract with Poro Point Management Corporation (PPMC) or with existing poro Point Freeport Zone Locator (i.e. PPIC, Thunderbird Pilipinas Hotels and Resorts, Inc.)

Registration Procedure i. ii. iii. Investor submits Letter of Intent and Required Documents PPMC identifies site(s) and provides investor Terms of Contract If proposal is approved, Lease Agreement is signed and Certificate of Registration is issued

Processing Time One (1) to three (3) days Where to Register Poro Point Freeport Zone Gov. Joaquin Ortega Ave. (Formerly Pennsylvania Ave.) San Fernando City 2500, La Union Tel. No. (+63) (72) 242-40-16; Fax No. 242-0683 E-mail Address: [email protected] http://www.poropointfreeport.com

John Hay Special Economic Zone

Requirements i. ii. iii. iv. v. vi. vii. viii. ix. x. Letter of intent with Company Profile, Preliminary Project Data, Environmental Checklist, and Board Resolution of authorization for Company representative Certified true copy of SEC registration and Articles of Incorporation and By-Laws Latest audited financial statements of applicant firm (or parent/ management company, if applicable) Latest income taw return of applicant firm (or parent/ management company, if applicable) Bank Certification of approved loan or credit line if equity financing is less than total project cost Proposed site development plan Production Process Flow chart, if applicable Profile of Chief Executive Officer Company brochures, if any Environmental Statement (for environmentally- critical projects or those to be located in environmentally critical areas)

Procedure

For Registration Applications prior to RA 9400

i.

ii. iii. iv.

Applicants secure an application form and checklist from JHMC and submit accomplished form and requirements to JHMC. Applicants are issued a JHSEZ Registration Form upon payment of the processing fee. Payment is nonrefundable if application is declined. The OSAC reviews and verifies all the documents submitted by the prospective locator. The Application is approved upon favorable recommendation of JHMC and subsequent approval of the JHMC Board. The Certificate of Registration is issued upon favorable recommendation of JHMC of the Official Receipt representing payment of Registration Fee and Permit to Operate

Conditions for Registration

i. ii. iii.

The enterprise should be a business entity organized or located locally, or in any foreign country The enterprise must have a representative or agent who is a legal resident of the JHSEZ. If affiliated with an existing enterprise in the Philippines outside of the JHSEZ, the Enterprise must establish a separate organization to conduct business exclusively within the JHSEZ which shall be a separate taxable entity.

Issuance of Certificate of Registration

i. ii. iii.

By its mandate, the JHMC issues the Certificate of Registration to all qualified JHSEZ Enterprise. JHMC issues the said certificate within sixty (60) days after receipt of the completed application and all required supporting documents. The certificate issued is valid for three (3) years and for as long as the enterprise is qualified to continue its business operations within the JHSEZ under the terms and conditions for which the original certificate was issued.

For Registration Applications after RA9400

i.

Applications for registration after the effectivity of RA 9400 will be endorsed to the office of the Philippine Economic Zone Authority (PEZA) in Baguio City.

Processing Time

Within thirty working (30) days following the receipt of the completed application and all required supporting documents.

* The same standard is used for Accreditation Certificates, Permit-to-Operate and Developmental permits. Thirty (30) days upon receipt of complete and correct requirements.

Where to Register

John Hay Management Corporation John Hay Special Economic Zone Camp John Hay, Baguio City 2600, Philippines Tel. No. (63)(74) 446-8797 Fax. No. (63)(74) 446-5823

JHMC Extension Office 148 G/F ATC Center, Katipunan Rd., Brgy. St. Ignatius, White Plains, Quezon City Tel. No. (63)(02) 710-2531

Bases Conversion and Development Authority BCDA Corporate Center 2nd Floor, Bonifacio Technology Center, 31st Street, Crescent Park West, Bonifacio Global City, Taguig Metro Manila 1634 Telephone No.: (632) 816-6666 Fax No.: (632) 816-0996 Email: [email protected]

C. Registration of Foreign Investments (Bangko Sentral ng Pilipinas)

The Foreign Investment Act of 1991 (FIA) defines the term foreign investment as an equity investment made by a non-Philippine national in the form of foreign exchange and/or other assets actually transferred to the Philippines xxx. (Section 3.c. of the FIA). If the foreign exchange requirement needed to service the repatriation of capital and remittance of cash dividends/profits/earnings accruing on foreign investments will be sourced from authorized agent banks (AABs) or their affiliate/subsidiary foreign exchange corporations (AAB-forex corps), registration of the foreign investment with the Bangko Sentral ng Pilipinas (BSP) is required. For purposes of registration with the BSP, foreign investments may be in the form of: (1) foreign direct investments in Philippine firms or enterprises; (2) investments in pesodenominated government securities; (3) investments in securities listed in the Philippine Stock Exchange (PSE); (4) investments in peso-denominated money market instruments; and (5) investments in peso time deposits with AABs with a minimum maturity of ninety (90) days.

Documentary Requirements for Registration of Foreign Investments 1. Foreign Direct Investments (FDIs) - may be in cash or in kind, where in kind assets include: (1) machinery and equipment; (2) raw materials, supplies, spare parts and other items including intangible assets necessary for the operations of the investee firm. The value of these investments in kind shall be assessed and appraised by the BSP before their registration. Expenses incurred by foreign firms pursuant to government-approved service contracts/other contracts for oil, gas, and geothermal energy exploration/developments may be capitalized and registered as foreign direct investment with the BSP. FDIs are directly registered by the BSP pursuant to Section 34 of the The Manual of Regulations on Foreign Exchange Transaction (FX Manual) issued under Circular No. 645 dated 13 February 2009. The application shall be filed directly with BSP, through the International Operations * Department together with the following supporting documents: a. For cash investments i. Certificate of Inward Remittance (CIR) of foreign exchange and its conversion to pesos through an AAB (except for investments in banks where conversion to pesos is not required) in the prescribed format (Sample CIR and Guide/Instructions for Filling-Out CIR Form available at BSP); and Sworn certification (BSP -suggested format )of the officer of the investee firm concerned attesting to the number of shares issued and amount paid for the investment .

ii.

b. For investments in kind i. Copies of shipping documents;

ii.

Copies of Bureau of Customs Import Entry and Internal Revenue Declaration (IEIRD); and iii. Sworn certification of the officer of the investee firm concerned attesting to the number of shares and amount paid for the investment ( BSP-suggested format) The value of investments in kind shall be assessed/appraised by the BSP before registration. c. For investment in financial institutions that are supervised by the BSP, namely: banks and non-bank financial institutions performing quasi-banking functions Clearance from the Supervision and Examination Sector of the BSP, in addition to the documentary requirements for investments in cash or in kind. in the form of capitalized oil/gas/geothermal exploration

d. For investments expenditures i. ii.

Government-approved service contract/other contract; and Copy of the Department of Energy (DOE)/National Power Corporation (NPC) letter-validation of expenditures showing, among others, the distribution of validated expenditures among the partners (if more than one) under the service contract/other contract.

e. Investments funded by foreign loan/s and other payables/obligations converted into equity i. Original CIR of foreign exchange and its conversion to pesos through an AAB in the BSP- prescribed format for foreign loans not registered with the BSP; or copy of BSP registration document (BSRD) for BSP-registered foreign loans; ii. Sworn certification from investee firms authorized officer attesting: (a) to the number of shares issued, amount paid for the investment and (b) that such investment was funded from foreign loans/payables/obligations converted to equity; iii. Deed of Assignment for the foreign loan/payables/obligations; iv. Latest audited financial statements of investee firm; and v. Articles of Incorporation of the investee firm. f. Stock and/or property dividends accruing on BSP-registered investments in nonPSE-listed firms

i. Copy of BSRD; and ii. Sworn certification signed by the investee firms authorized officer on the
declaration of the stock and/or property dividend, including relevant excerpts of the covering Board Resolution.

g. Stock splits/reverse stock splits on BSP-registered investments in

firms

non-PSE-listed

i. Copy of BSRD; and ii. Sworn certification signed by the investee firms authorized officer declaring the
stock split/reverse stock split, including relevant excerpts of the covering Board Resolution.

2. Investments in Peso-denominated Money Market Instruments (MM Is) registered with the BSP pursuant to Section 35.3 of the FX Manual

directly

Investments in money market instruments, which refer to all pesodenominated debt instruments such as but not limited to bonds, bills payables, promissory notes (PNs), and non-participating preferred shares issued onshore by private resident firms, not covered by Section 23 of the FX Manual, shall be registered directly with the BSP, thru the International Operations Department, supported by the following documents: a. Original CIR of foreign exchange and its conversion to pesos through an AAB in the BSP- prescribed form; and b. Contract/Certificate of investment. For bonds or PNs issued by private domestic firms that were purchased from local banks, the following additional documents shall be required: a. b. c. d. e. Copies of bonds or PNs; Purchase Price Letter/Agreement; Deed of Assignment for the instruments; Notice of Assignment of the instruments; and Acknowledgment of receipt by the issuer of the instrument.

For foreign investments in non-participating preferred shares of Philippine investee enterprises, the following additional document/s shall be required: Purchase invoice, or subscription agreement and/or proof of listing in the local stock exchange for new/additional issues/stock rights.

3. Reinvestment of divestment/sales proceeds or dividends/profits/earnings pertaining to duly registered investments. (The documentary requirements are in lieu of the CIR and in addition to the required documentation listed above for each specific form/type of reinvestment) For divestment/sales proceeds: a. Original BSRD (for FDIs and peso-denominated MMIs that were fully sold; if sale is partial, a copy of the BSRD shall suffice); b. Sworn certification signed by the original investee firms authorized officer attesting to the divestment/sale by the foreign investor; and c. Proof of divestment/sale for direct investment/s; or d. Matured contract/certificate of investment/proof of redemption for money market instruments. For dividends/profits/earnings: a. Copy of BSRD; and b. Sworn certification signed by the investee firms authorized officer declaring the dividends or distribution of profits, including relevant excerpts of the covering Board Resolution; or c. Proof of interest/coupon payments for investment/s in money market instruments.

4. Sale/transfer of registered investments to another foreign investor settled offshore in foreign exchange b. Original BSRD; c. Sworn certification from the authorized officer of the investee firm, attesting to the sale/transfer in the books of the investee firm of the investments from the existing non-resident investor to the new investor; and d. Deed of Sale/Assignment. Registration Procedure A BSRD will be issued upon receipt and processing of the application, together with the required documents/information. Processing time for FDIs is five (5) to ten (10) banking days while the processing time for foreign investments in money market instruments is two (2) to five (5) banking days.

Registration of other Portfolio Investments [peso-denominated government securities, Philippine Stock Exchange (PSE)-listed securities and peso time deposits with tenor of at least 90 days] shall be registered with custodian banks which have been authorized by the BSP for the purpose, pursuant to Section 37 of the FX Manual issued under Circular No. 645 dated 13 February 2009. Applications for registration of these investments shall be supported with the following documents: 1. For investment in PSE-listed securities:

a. Purchase invoice or subscription agreement and/or proof of listing in the local stock b.
exchange for new/additional issues/stock rights; Original CIR of foreign exchange and its conversion to pesos through an AAB in the BSP- prescribed format;

2. For investments in government securities:

a. Accredited dealers Confirmation of Sale; b. Original CIR of foreign exchange and its conversion to pesos through an AAB in the
BSP- prescribed format;

c. Authority to Disclose Information in the prescribed format;

3. For investments in peso time deposits: a. Certification of peso time deposit; b. Original CIR of foreign exchange and its conversion to pesos through an AAB in the BSP- prescribed format; and c. Authority to Disclose Information in the prescribed format. Registration Procedures A BSRD will be issued by the designated custodian bank upon receipt and processing of the required documents. Custody of the BSRD will remain with the custodian bank.

Documents Required for Sale of Foreign Exchange by AABs or AAB-forex corps for capital repatriation and remittance of dividends/profits/earnings on registered foreign investments 1. For Capital Repatriation of Portfolio Investments in:

a. PSE-listed securities - BSRD or BSRD Letter-Advice from the registering custodian bank and photocopy of broker's sales invoice b. Peso Government Securities - BSRD or BSRD Letter-Advice from the registering custodian bank and photocopy of Confirmation of Purchase for Peso Government Securities c. Money Market Instruments - BSRD and photocopy of Matured Contract for the instruments

a/

d. 90-day time deposits - BSRD or BSRD Letter-Advice from the registering custodian bank and photocopy of the matured Certificates of Deposit 2. For Capital Repatriation of Registered FDIs: a. BSRD; b. Photocopy of proof of sale or relevant documents showing the amount to be repatriated; in case of dissolution/capital reduction, proof of distribution of funds/assets such as statement of net assets in liquidation; c. Photocopy of clearance from appropriate department of the BSPSupervision and Examination Sector (SES) (for banks), or from the Insurance Commission (for insurance companies), from the Department of Energy of from the National Power Corporation (for oil/natural gas/geothermal companies); d. Detailed computation of the amount applied for prepared by the selling stockholders representative in the BSP- suggested format ; e. Photocopy of pertinent audited financial statements; and f. SEC clearance in case of dissolution. 3. For Remittance of dividends/profits/earnings/interests:

a. BSRD or BSRD Letter-Advice; b. Photocopy of PSE-cash dividends notice and Phil. Central Depository (PCD) printout c. d. e. f.
of cash dividend payment or computation of interest earned by the issuer of the instrument or bank; Photocopy of the sworn statement of the investee firms Secretary on the Board Resolution covering the dividend declaration; Photocopy of latest audited financial statements or interim financial statements covering the dividend declaration period (for direct foreign equity investments); For FDIs, photocopy of clearance from BSP-SES (for non-PSE listed banks), Insurance Commission (for insurance companies), Department of Energy or from the National Power Corporation (for oil/natural gas/geothermal companies); and Detailed computation of the amount applied for in the BSP-suggested format

a/

Issued by the registering custodian bank to the investor or its authorized representative/broker authorizing them to purchase foreign exchange from AABs and AAB forex-corps for repatriation of capital and remittance of cash dividends/profits/earnings

Registration Procedure The BSRD holder/his representative will present the required documents to the servicing AAB/AAB-forex corps and fill-up application form to purchase foreign exchange. In addition, the computation sheet form for the amount of foreign exchange requirements to be purchased shall be filled-up. The foreign exchange purchased shall then be immediately remitted abroad by the remitting AAB or deposited in the Foreign Currency Deposit Unit (FCDU) Account of the foreign investor (in the Philippines).

Where to Apply : Room 301, 5-Storey Building, BSP Complex, A. Mabini Street, Malate, Manila Phone Nos.: 306-2115; 523-1937; 536-6076 Fax No.: 523-5588 Website: www.bsp.gov.ph

D. Application for Permits, Licenses, Clearances, Etc. 1. Business Permit/License from Local Government Units (Local Government Units) A typical Local Government Unit (LGU) like Makati City Hall would need the following :

Requirements
a. Locational Clearance (New Applicants& Change of Business Address ONLY) b. Lease Contract between the Lessor and the Lessee. If Leased, attach Mayor's Permit registration of the building owner/landlord as a Real Estate Lessor. If not, Lease Contract between the Lessee and the Sub-Lessee with conformity of the Owner of the Building Administration. If owned, transfer Certificate of Title (TCT) or Tax Declaration (xerox copy). c. Business Name Registration with the Department of Trade and Industry (for sole proprietorship/ new applicants) d. Article of Incorporations/ Partnership (approved by S.E.C.) (New Applicants ONLY) e. Barangay Clearance. f. Public Liability Insurance. Other Requirements depending on the type of business Resident Certificate A and B for Single Proprietorship, C and C1 for Corporation. Contractor's License issued by the Philippine Contractors Accreditation Board (PCAB). In case of General/Specialty and Engineering Contractor. National Grains Authority (NGA) License in case of Dealer of Rice/Corn and Wheat. Bureau of Food and Drug Administration in case of Drugstores/Bakery. Accreditation Certificate issued by the Department of Trade in case of Auto Repair Shop, Electronics, Radio and other Electrical Equipments. Customer Broker's issued by the Custom Broker's Commission in case of Custom Brokerage Business.

Real Estate Broker's License issued by the Department of Trade and Industry (DTI) in case of Real Estate Broker. Department of Labor and Employment (DOLE) in case of Recruitment Agency. Philippine Overseas and Employment (POEA) in case of Manning and Crewing Services. Central Bank Authority in case of Banking Institution. Pest Control License issued by Fertilizers and Insecticide in case of Pest Control Services. Videogram Permit issued by the Videogram Regulatory Board in case of Video Rental Services. Occupancy Permit and Ownership in case of Real Estate Lessor. Future Commodity Merchant/Broker's License issued by the Securities & Exchange Commission. For those engaged in the sale of commodities for future transactions as merchant/broker. PCSUCIA (National License) for those operating Security Agencies. Department of Environmental and natural Resources (DENR) clearance in case of Mining. LTO Franchising and Regulatory Board in case of Rent-A-Car and Transport Services. License to Operate-Firearms & Explosive Units (Camp Crame). Department of Transportation & Communication (DOTC) in case of Messengerial and Courier Services. Energy Regulatory Board (ERB) in case of dealer of LPG. National Telecommunication Commission (NTC) in case of Telecommunications. Philippine Shippers Bureau in case of forwarders TESDA Certification

Procedure for Registration

Acceptance of Application Form and other requirements. Evaluation and assessment of taxes, fees and charges and recommend approval (BPO) Evaluation of annual inspection fees for building / electrical / plumbing / mechanical, etc.(Engineering Department)

Proceed to Administrator's office for approval a) Releasing assessed permit / license application approved with index card. b) Receive payments and issue Official Receipts (License and Treasury) Issuance of Health / Sanitation Certificate (Health Department) Issuance of Mayor's Permit and approved permits / licenses released to the applicant

Processing Time
One (1) to Two (2) Hours Where to Apply For Makati CityBusiness Permit Office Makati City Hall J.P. Rizal St., Makati City http://www.makati.gov.ph Or City Halls/Municipalities where business is located

2. Environmental Compliance Certificate (DENR) Projects that pose potential significant impact to the environment shall be required to secure Environmental Compliance Certificates (ECCs). An ECC is a document issued by DENR/EMB after a positive review of the ECC application, certifying that based on the representations of the proponent, the proposed project or undertaking will not cause significant negative environmental impact. The ECC contains specific measures and conditions that the project proponent has to undertake before and during the operation of the project, and in some cases, during the projects abandonment phase to mitigate identified environmental impacts. The ECC also certifies that the proponent has complied with all the requirements of the Environmental Impact Statement (EIS) System and has committed to implement its approved Environmental Management Plan. Screening for Coverage Statement (EIS) System of the Philippine Environmental Impact

Proponent may submit a letter of request to the Environmental Management Bureau(EMB) or its regional offices inorder to determine if the proposed project is covered by the EIS System. Attached to the letter is the Project Description, which includes raw materials, process or manufacturing technology, project capacity, type and volume of products and discharges, capitalization, project area, manpower requirements and location map. Projects that have no significant environment impact shall not be required to secure ECC. In cases a Certificate of Non-Coverage(CNC) is to be secured for the perusal of other government agencies and/or organizations, the above-mentioned requirements may be submitted to the EMB or its Regional Offices. The CNC is issued by the EMB certifying that, based on the submitted project description , the project is not covered by the EIS system and is not required to secure an ECC.

Where to Inquire/Apply
Environmental Impact Assessment Division Environmental Management Bureau Department of Environmental and Natural Resources Visayas Ave., Diliman, Quezon City Tel. (+632) 925-4793 to 97/920-22-40 to 41 Email: [email protected] Website : http://www.emb.gov.ph/

3. Alien Employment Permit (Department of Labor and Employment) A document issued by the Department of Labor and Employment authorizing a foreign national to work in the Philippines. Foreign nationals required to apply for an AEP a. b. Foreign nationals seeking employment in the Philippines whether they are non-residents or refugees; Foreign professionals who are allowed to practice their profession in the Philippines under reciprocity and other international agreements and in consultancy services pursuant to Section 7(j) of the PRC Modernization Act of 2000.

c.Holders of Special Investors Resident Visa (SIRV), Special Retirees Resident Visa (SRRV), Treaty Traders Visa (9d) or Special NonImmigrant Visa (47(a)2) for as long as they occupy any executive, advisory, supervisory, or technical position in any establishment. Exempted from securing an a. b. c. AEP

Resident Foreign Nationals employed or seeking employment in the Philippines (DO 41-03) Members of the diplomatic services and foreign government officials accredited by the Philippine government; Officers and staff of international organizations of which the Philippine government is a cooperating member, and their legitimate spouses desiring to work in the Philippines; Foreign nationals elected as members of the Governing Board who do not occupy any other position, but have only voting rights in the corporation; All foreign nationals granted exemption by special laws and all other laws that may be promulgated by the Congress; Foreign nationals who come to the Philippines to teach, present and/or conduct research studies in universities and colleges as visiting, exchange or adjunct professors under formal agreements between universities or colleges in the Philippines and foreign universities or colleges; or between the Philippine government and foreign government; provided that the exemption is on a reciprocal basis (DO 41-03) Owners and representatives of foreign principals, whose companies are accredited by the Philippine Overseas Administration (POEA), who come to the Philippines for a limited period solely for the purpose of interviewing Filipino applicants for employment abroad.

d.

e. f.

g.

Requirements For non-resident Foreign Nationals For elective position: a. Letter request

b. c.

Application Form duly accomplished and notarized Board Secretarys Certificate on Election of Foreign national d. Photocopy of Passport with Visa e. Photocopy of Mayors Permit f. Photocopy of current AEP (If for renewal) For non-elective positions: a. Letter request b. Application Form duly accomplished c. Duly authenticated Contract of Employment/Letter of Appointment d. Photocopy of passport with Visa e. Photocopy of Mayors Permit f. Photocopy of current AEP (If for renewal For holders of SIRV, SRRV, 9(d) and 47(a)2 Visa: For elective position: c. Letter request d. Application Form duly accomplished and notarized g. Board Secretarys Certificate on Election of Foreign national h. Photocopy of Passport with Visa i. Photocopy of Mayors Permit j. Photocopy of current AEP (If for renewal)

For non-elective positions: a. Letter request b. Application Form duly accomplished c. Duly authenticated Contract of Employment/Letter of Appointment d. Photocopy of passport with Visa e. Photocopy of Mayors Permit f. Photocopy of current AEP (If for renewal

Procedure
1.

Submit duly filled-out AEP application form together with all required documents to the DOLE Regional Office that has jurisdiction over the intended place of work of the foreign national. In case of foreign nationals to be assigned in subsidiaries, branch offices and joint ventures, and those assigned in the headquarters with oversight functions in any of the branch offices, operations or projects in the country, they may file their application in any of the DOLE Regional Offices nearest their

place of work. 1. 2. Pay the corresponding fees. Claim the AEP card at the DOLE Regional Office within 10 working days or lodge an appeal addressed to the Secretary of Labor and Employment if application was denied.

Processing Time
Five (5) to Ten (10) working days (those with publication) Where to Apply Department of Labor and Employment National Capital Region (or Regional Offices if applicable) DOLE Bldg. , Maligaya St. Malate, Manila Tel. +632 525-9487 local 18 Website: http://www.ble.dole.gov.ph 4. VISAS Foreign nationals seeking to work, do business and/or invest in the Philippines may apply for work authorization and or the appropriate visa provided for under the Philippine Immigration Act, as amended (Commonwealth Act No. 603) or some other special law.

A.

Applicable Visas Provided under the Philippine Immigration Act (PIA)

1. Temporary Visitor or Tourist Visa Generally, a foreign tourist comes to the Philippines for business, pleasure, or health. The business a tourist may engage in should be isolated and not continuing or regular; otherwise, he violates Philippine immigration law for working or engaging in business without proper authorization. 2. Working / employment visa The PIA provides for three types of work authorization: (a) Pre-Arranged Employment Visa An alien who will be occupying an executive, technical, managerial or highly confidential position in a company for at least one year, but not to exceed five years, may apply for a pre-arranged employment visa under Sec. 9(g) of the Philippine Immigration Act.

Requirements 1. 2. 3. 4. 5. Letter request from the petitioner/organization General Application Form duly accomplished and notarized (BI Form MCL-07-01 ) Alien Employment Permit (AEP) from the Department of Labor and Employment True copy of the applicant's passport showing admission status and updated stay Bureau of Immigration Clearance Certificate

6. Other supporting documents which will aid in the evaluation of the application

7.

8.

If the applicant is accompanied by the spouse and/or minor unmarried children under twenty-one years of age, the originals or certified true copies of the Marriage Contract, Birth Certificate(s) and/or Family Register (duly authenticated if issued abroad). True copies of passport, showing updated stay, of the spouse and minor, unmarried children

Procedure 1. The petitioning company must sufficiently establish, by obtaining an AEP from the DOLE, that no person can be found in the Philippines willing and competent to perform the labor and service for which the alien is hired and that the admission of the alien will be beneficial to the public interest. The BI shall not approve the 9(g) visa until such permit has been secured. Pending the approval of the application for a 9(g) visa, the proposed employee may apply for a Special Work Permit (SWP) which is normally valid for a period of three months from the date of issuance. The entire process of obtaining a 9(g) visa takes about two to eight weeks. Applications of proposed employees of BOI- and PEZA-registered companies as well as those working the Top 1,000 corporations are given priority. 9(g) visas are valid for the duration of the AEP or the employment contract, whichever is shorter. 9(g) visas issued to dependents are co-terminus with the duration of the visa of the principal.

2.

3.

4. 5.

(b) Treaty Trader Visa

An alien investor is entitled to enter the Philippines as a treaty trader pursuant to Sec. 9(d) of the Philippine Immigration Act, only if he is a national of a country with which the Philippines has concluded a reciprocal agreement for the admission of treaty traders or investors. At present, only nationals of the United States, Japan and Germany are entitled to treaty trader visas. The term "treaty trader" includes a treaty investor or an alien employed by a treaty investor in a supervisory or executive capacity. The alien employee must be of the same nationality as the majority shareholder of the sponsoring firm. The alien must prove that: he or his employer intends to carry on "substantial trade" between the Philippines and the country in which the alien is a national; or he intends to develop and direct the operations of an enterprise in which he or his employer has invested, or is in the process of investing, a substantial amount of capital. Under the regulations, "substantial trade" refers to a nonnationalized business in which an investment of at least US$120,000.00 has been made. The amount of investment is merely one of the factors to consider in determining what is deemed "substantial trade". An equally important factor is the volume of business conducted.

Requirements and Procedure Similar as those for applications for pre-arranged employment visa. An alien who enters the Philippines on a tourist visa and intends to engage in a professional or commercial undertaking not considered purely local employment, may apply for a special work permit (SWP). SWPs are normally issued, but limited to, (1) professional athletes competing only for a limited period; (2) foreign nationals engaged to perform emergency or exceptional temporary services, but having no contract of pre-arranged employment; and (3) artists and other performers; Requirements 1. 2. 3. 4. Letter request from the Petitioner Company Photocopy of applicants passport with valid visa Affidavit of Support of the petitioner company Certified true copy of contract specifying exact compensation to be earned.

(c) Special non-immigrant visa under Sec. 47(a)(2) of the Philippine Immigration Act This visa is issued upon approval of the Secretary of Justice (formerly the President) on public interest or public policy considerations. Examples of industries invested with public interest are companies engaged in oil exploration, power generation, and infrastructure, and those registered with the PEZA and BOI. Requirements of BOI 1. BOI Application Form 2. Duly Signed undertaking 3. Understudy Information Sheet. Designation of Understudy and Understudy Training Program 4. Passport with visa (photocopies) 5. Secretarys Certificate (for elective officers) 6. Affidavit of Support(if dependent(s) is/ are joining 7. Organizational Chart 8. Bio-data of the expatriate Requirements of the PEZA Companys Letter of Request to PEZA Photocopy of Passport of Applicant Secretarys Certificate/Certificate of Employment or Employment 4. Service Contract 5. Bio-data of the Applicant 1. 2. 3. Requirements of DOJ 1. 2. 3. 4. 5. 6. 7. DOJ application form BOI/PEZA Certificate of Registration, and its terms and conditions Passport (photocopies) Secretarys Certificate (for elective officers) or Contract Employment (for non-elective) Original affidavit of support (if dependent(s) is/ are joining Marriage Contract if (spouse) is joining Birth certificate(s) if child(ren) is/are joining

of

Procedure 1. The proposed employer applies with the appropriate government agency (e.g. BOI, PEZA, Department of Agriculture) for authority to employ the alien; 2. The concerned government agency endorses the application to the Department of Justice (DOJ);

3.

The DOJ approves the application and endorses the same to the BI for implementation.

This visa is generally valid for an initial period of one year and is renewable from year to year. B. Applicable visas under special laws (a) 1. Foreign personnel of off-shore banking unit and regional headquarters or regional operating headquarters Special multiple entry visas may be issued to foreign personnel of offshore banking units of foreign banks duly licensed by the Central Bank of the Philippines to operate as such pursuant to Presidential Decree No. 1034. The same visas may be issued to foreign personnel of regional or regional operating headquarters of multinational companies officially recognized by the Philippine Government pursuant to Republic Act No. 8756. The above executives, together with their dependent spouses and/or minor unmarried children under 21 years of age, if any, are exempt fromr alien registration.

Requirements For Foreign Personnel of Offshore Banking Units of Foreign Banks 1. Letter request of the foreign bank or OBU 2. General application form duly accomplished and notarized 3. Copy of the passport and visa 4. SEC Certificate of Registration 5. Certified true copy of Certificate of Authority issued to the foreign bank by the Central Bank to operate OBUs 6. Certified true copy of the contract of employment stating exact salary and duration of employment or assignment 7. Certificate under oath by a responsible officer of the foreign bank that: (a) expatriate is an employee of the bank and will work exclusively for the OBU in the Philippines and (b) he will be paid by the foreign bank in the Philippines and the compensation is in foreign currency For Foreign Personnel of Regional Headquarters or Regional Operating Headquarters Of Multinational Companies 1. Original letter-application of petitioner-company 2. General application form duly accomplished and notarized 3. Copy of the passport and visa 4. Certified true copy of the contract of employment stating exact salary and duration of employment and assignment 5. Income Tax Return of applicant and proof of payment 6. SEC Certification of inward remittance of at least US$50,000 or its equivalent during the past year

7. Sworn certification that : -the license to operate remains valid and subsisting -the employee has been paid from date of original admission the amount of at least US$12,000.00 or its equivalent. Processing time for securing visas under these two categories is three (3) days.

Where to Apply Bureau of Immigration Intramuros, Manila Tel. (+632) 527-3248 Website : http://www.immigration.gov.ph/ Bureau of Immigration Extension Offices Board of Investments(BOI) G/F Industry and Investments Bldg. 385 Sen Gil Puyat Ave. Makati City Tel. (+632) 897-5335 Philippine Economic Zone Authority San Luis St. cor. Roxas Blvd. Pasay City Tel. (+632)510-29-48 (b) Special Subic Working Visa Special multiple entry visas are also given to foreign nationals employed by the Subic Bay Freeport Locators. This visa is co-terminus with the employment contract, and is normally extendible. Where to Apply: LOCATOR REGISTRATION & LICENSING DEPARTMENT Subic Bay Metropolitan Authority Bldg. 225, Dewey Avenue, Subic Bay Freeport Zone Tel. No. (6347) 252-4331 / 4669 Fax No. (6347) 252-4399 (c) Special Clark Working Visa Special multiple entry visas are likewise given to foreign nationals employed by the Clark Special Economic Zone Locators. This visa is normally valid for two (2) years and may be periodically renewed. Where to Apply:

Marketing Department Clark Development Corporation Bldg 2127, C.P. Garcia St. cor. E. Quirino St., Clarkfield, Pampanga Tel No. (6345) 599-4652 Fax No. (6345) 599-2642 (d) CEZA Working Visa The CWV is a temporary working and residency visa issued by the Cagayan Economic Zone Authority through Bureau of Immigration of the Republic of the Philippines . It is a Multiple Entry Privilege into the country without the necessity of obtaining appropriate Alien Certificates of Registration, Re-Entry Visa, Special Return Certificate (SRC), Emmigration Clearance Certificate (ECC). This is also valid for entry in all Philippine Ports of Entry. The CWV shall be valid for two (2) years for the new and first-time renewal and one (1) year for the succeeding renewals. Where to Apply: One Stop Action Center(OSAC) CEZA Administration Building Centro, Sta. Ana, Cagayan Tel. (+63-78)-858-1023

C. Investors Visa C.1 Special Investors Resident Visa The Special Investor Resident Visa (SIRV) entitles the holder to indefinitely stay in the Philippines, with multiple entry privileges, so long as his investments subsist. The SIRV is issued by the Bureau of Immigration upon indorsement of the Board of Investments pursuant to Book V of Executive Order No. 226.

The SIRV program requires investors to remit at least US$75,000 into the country and invest subject capital in viable economic activities.

The SIRV holder can bring with him, without any additional deposit, his spouse and unmarried children below 21 years old,

if any. If dependents are joining the applicant, originals or certified copies (duly authenticated) of their Marriage and/or Birth Certificates or Household Register shall be presented. Allowable Forms Of Investment For purposes of securing the SIRV, the proposed investor must invest in any of the following: (1) Publicly-listed corporations; (2) Companies engaged in areas listed in the Investment Priorities Plan (IPP); and/or (3) Companies engaged in the manufacturing and service sectors Requirements 1. Application form duly accomplished and notarized; 2. Police Clearance from applicants country of origin and/or National Bureau of Investigation(NBI) Clearance, indicating that the applicant has not been convicted by final judgment of a crime involving moral turpitude; 3.The National Intelligence Coordination Agency (NICA). Said clearances shall be valid within six (6) months from the date of filing of the application. Any derogatory record may be the basis for the revocation of the SIRV. 4. Certification under oath from duly authorized officer(s) of any accredited depository bank in the Philippines as to the amount of foreign exchange inwardly remitted by the applicant and its conversion to pesos through the said bank, in the prescribed form. Should the inward remittance be sent through nonaccredited correspondent banks, the total amount of remitted money should be immediately transferred to the accredited banks; Per regulations, the BOI has so far accredited only the Land Bank of the Philippines and the Development Bank of the Philippines; All inward remittances shall be made within one (1) year from date of filing of the application. Certified true copy of the certificate of peso time deposit with a maturity period at least 30 days; The original copy of certificate of time deposit shall remain with the depository bank for safekeeping; Marriage Contract, Birth Certificate(s), and or Family Register (duly authenticated) of the dependents, if any.

5.

6. 7. 8. 9.

Procedure For Application Filed With Philippine Embassy/Consulate

1. 2. 3.

Applicant submits application form and other documents to Philippine Embassy/Consulate. Embassy/Consulate endorses application/documents to the Board of Investments(BOI) for evaluation BOI reviews documents. If complete, the documents are reendorsed to the Philippine Embassy/ Consulate concerned through the DFA consular office for issuance of a probationary, multiple entry visa, valid for six (6) months.

Procedure For Application Filed With The Board Of Investments

1. 2. 3. 4.

Applicant submits application form and other documents including the original passport to the Board of Investments. BOI evaluates submitted documents If complete, BOI endorses application/documents to the Bureau of Immigration for the grant of a provisional, multiple entry visa valid for six (6) months Amendment of visa (from provisional to indefinite) shall be made upon submission of proof that the inward remittance have been actually invested.

Processing Time Fourteen (14) working days Where to Apply Special Investors Resident Visa (SIRV) Center Board of Investments 2/F Industry and Investments Bldg. 385 Sen Gil Puyat Ave., Makati City Tel. 632-8909336 local 234 Website: http://www.boi.gov.ph/ C.2 Special Investor Resident Visa for investors in tourist related projects and tourist establishments A variation of the SIRV discussed above is the visa issued to investors in tourist-related projects and tourist establishments pursuant to Executive Order No. 63. A foreigner who invests at least US$50,000.00 in a qualified tourist related project or tourism establishment as determined by the Department of Tourism (DOT) shall be entitled to an SIRV.

Where to Apply: Office of Tourism Standards Department of Tourism T.M. Kalaw, Manila Tel.+632-525-7980/5361128 C.3 Special Subic Investors Visa Any investor who has made, and continues to maintain an investment of not less than US$250,000.00 within the Subic Bay Freeport (SBF) may reside in the Philippines under this visa for as long as his investment subsists. Where to Apply : LOCATOR REGISTRATION & LICENSING DEPARTMENT Subic Bay Metropolitan Authority Bldg. 225, Dewey Avenue, Subic Bay Freeport Zone Tel. No. (6347) 252-4331 / 4669 Fax No. (6347) 252-4399

C.4 Special Clark Investors Visa

Any investor who has made, and continues to maintain an investment of not less than US$250,000.00 within the Clark Special Economic Zone may apply for the said visa which remains valid as long as the investment subsists. Where to Apply: Marketing Department Clark Development Corporation Bldg 2127, C.P. Garcia St. cor. E. Quirino St., Clarkfield, Pampanga Tel No. (6345) 599-4652 Fax No. (6345) 599-2642

C.5 Special Resident Retirees Visa The SRRV is a visa issued by the Bureau of Immigration upon indorsement of the Philippine Retirement Authority (PRA) pursuant to Executive Order No. 1934. It entitles the holder to multiple-entry privileges with the right to reside permanently in the Philippines as long as his dollar deposit subsists. The SRRV may likewise issued by the Department of Foreign Affairs through the Philippine Embassy/Consulate but the same is only for single entry. The holder must enter the Philippines within one(1) year

from the date of the issuance of visa and go to the PRA office to comply with other requirements and pay the required fees. Upon the submission of the documentary requirements, the Authority endorses to the Bureau of Immigration the conversion of the single entry SRRV to multiple indefinite-entry visa.

All foreign nationals aged 50 years and older are required to make a dollar deposit (or equivalent) of at least US$20,000.00. Those aged 35 to 49 years old are required to deposit least US$50,000.00. Retirees 50 years and older with pension are required to deposit at least US$10,000.00; while certain categories (former Filipinos, employees of international organizations like the United Nations, its affiliate agencies, or the Asian Development Bank, for instance; and former members of the foreign diplomatic corps who have served in the country) are required to deposit at least US$1,500.00. A resident retiree my include as dependent(s) his spouse and unmarried children under 21 years old, provided that he makes an additional dollar deposit of USD15,000.00 for each dependent in EXCESS of two. Additional deposits shall be subject to the same terms and conditions as the principal deposit. The additional dollar deposit requirement does not apply to former Filipinos.

Requirements
1. 2. 3. PRA application form Valid passport, including photocopy showing passport details and current visa Department of Foreign Affairs(DFA) Medical Examination Form #11 accomplished by a licensed physician abroad duly authenticated by the Philippine Embassy/ Consulate or PRA Medical Certificate (RRSC FormA#002) accomplished by a licensed physician in the Philippines. This applies to all members of the family if joining the Program. Certification by the accredited bank of the inward remittance of the dollar deposit. Police Clearance (duly authenticated) from the country of origin and/or National Bureau of Investigation (NBI) Clearance Marriage Contract, Birth Certificate(s), and/or Family Register (duly authenticated if issued abroad)

4. 5. 6.

Procedure The SRRV may be secured: 1. Through the Bureau of Immigration (BI) via the change of admission status in which case the applicant must come to Manila for the processing of visa. Upon arrival in Manila and upon completion of all documentary requirements and payment

2.

of the fees, the Authority shall have the SRRV stamped in his passport within five (5) working days. Through the Philippine Embassies/Consular Offices, all documentary requirements shall be transmitted to the Department of Foreign Affairs (DFA) in the Philippines which will in turn transmit the same to the PRA. The latter shall evaluate said documents and returns the same to the DFA which in turn authorizes the Philippine Embassy/Consulate to issue a single entry SRRV to the applicant. The latter must enter the country within one (1) year from date of issuance of visa. Upon arrival in Manila, PRA shall recommend to BI the conversion of singleentry SRRV to indefinite, multipleentry stay.

Processing Time Five (5) to Seven (7) working days

Where to Apply Philippine Leisure and Retirement Authority 29/F Citibank Tower, 8741 Paseo de Roxas Makati City, 1200 Philippines Tel. (+632) 848-1412 to 20/ Fax No. (632) 848-1411 Website : http://www.pra-visa.com/

5. Tax Identification Number or TIN (Bureau of Internal Revenue)

Requirements a. Individual-Employee BIR Form 1902 (Application Form) Photocopy of the Birth certificate, Marriage Contract (if applicable) or any valid identification document showing the name, address, proof of birth date and signatures of the applicant Waiver of husband to claim additional exemption, if applicable Valid company ID or Certificate of Employment b. Individual-Single Proprietor/Professional BIR Form 1901 (Application Form) BIR Form 0605 (Payment of Registration Fee) Photocopy of the DTI Certificate of Registration of Business Name Photocopy of the Mayors Permit / PTR issued by LGU Photocoy of the Birth certificate, Marriage Contract (if applicable) Waiver of husband to claim additional exemption, if applicable Sketch of Business Address Photocopy of the Leased Contract, If Applicable c. Corporation/Gen. Partnership BIR Form1903(Application Form) BIR Form 0605 (Payment for Registration Fee) BIR Form 2000(payment of Documentary Stamps) Photocopy of SEC Registration & Articles of Incorporation/Articles of Partnerships Photocopy of the DTI Registration of business trade name, if applicable Photocopy of the Mayors Permit or License to do business in the Philippines, in case of resident foreign corporation Photocopy of the Franchise agreement, if applicable Certificate of Authority, if BMBE registered entity Sketch of Business Address Leased Contract, If Applicable

Procedure
a. Individual-Employee Accomplish Application and attach all the requirements Application must be certified by the employer and file with the nearest Revenue District Office where the principal place of business is located. Claim TIN within three (3) to five(5) minutes, provided that all the necessary requirements are submitted.

b.

Individual-Single Proprietor/Professional Corporation/Gen. Partnership Accomplish Application and attach all the requirements File with the Revenue District Office where the principal place of business is located . Claim TIN within three (3) to five(5) minutes and pay registration fee of P500.00 with the Authorized Agent Bank(AAB) Submit photocopy of BIR Form 0605 and claim your Certificate of Registration (COR-BIR Form 2303)

Processing Time Three (3) to five (5) minutes for Individual/Corporation, provided that all necessary requirements have been submitted.

Where to Apply
To the nearest Revenue District Office where the principal place of business is located.