Get F103 For A Branch Office Of A Foreign Corporation Application Of A Foreign Corporation To Establish
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How to fill out the F103 for a branch office of a foreign corporation application online
This guide provides step-by-step instructions for completing the F103 for a branch office of a foreign corporation application online. Whether you are a seasoned professional or someone new to this process, this guide aims to help you navigate the form with ease.
Follow the steps to successfully complete your application.
- Click ‘Get Form’ button to obtain the form and open it in your online editor.
- In the first section, enter the name of the corporation applying for the license. Ensure that this matches the official name registered in the home country.
- Specify the country where the corporation is organized and indicate the term of existence. This information should reflect the corporation's official registration details.
- Provide the complete address of the corporation's principal office in the home country.
- Identify the resident agent who will represent the corporation in the Philippines. Enter the agent's name, residence, and office address, along with their nationality.
- Indicate where the corporation plans to operate in the Philippines and provide the specific location.
- Clearly state the purpose(s) of the corporation's business activities in the Philippines. Use an additional sheet if necessary to provide detailed information.
- List the names and addresses of the current directors and officers of the corporation.
- Specify the authorized capital stock of the corporation, including the total amount in Philippine pesos and itemize by classes and series if applicable.
- Indicate the outstanding capital stock and provide details on the number of shares issued, including their par value.
- Disclose the amount of actual paid-in capital in the treasury of the corporation.
- List any stakeholders or partners in existing businesses in the Philippines that align with the applicant's business.
- As an export enterprise, outline the company's commitment to exporting a minimum of 60% of its output. Include projected sales volumes and values separately for domestic and export sales.
- Authorize the Securities and Exchange Commission and the Bangko Sentral ng Pilipinas to verify deposits related to the application. Provide bank details and the amount in question.
- Acknowledge the requirement to change the corporate name upon any directive from the Commission regarding name conflicts.
- Complete the form by providing the current date and the signature of the resident agent, ensuring the printed name is also included.
- After filling out the form, review all entered information for accuracy. Save your changes, then download, print, or share the completed application.
Begin completing your application online to establish your branch office today.
To register a foreign corporation in the Philippines, you will need to submit the F103 for a branch office of a foreign corporation application along with required documents such as your articles of incorporation and the latest financial statements. The registration must be completed with the Securities and Exchange Commission (SEC). Ensure that you adhere to all local laws to ensure a smooth establishment process.
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