The Securities and Exchange Commission (SEC) has introduced a free online platform that allows entrepreneurs to practice and simulate the company registration process before submitting actual applications, in a move aimed at easing the experience of starting a business in the Philippines.
A record high of 46,445 firms registered using the SEC Electronic Simplified Processing of Application for Registration of Corporation (eSPARC) from January to November 2023, surpassing the previous record of 42,936 for the entire 2022.
The Securities and Exchange Commission (SEC) has launched a new feature in its online company registration system that will allow applicants to complete the process in one day.
Aside from applications for company registration, the agency now accepts requests for monitoring of corporations, status of corporations, certificates of no
derogatory information through e-mail.
