Short Certificate Of Incorporation Template for Philippines

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Key Requirements PROMPT example:

Short Certificate Of Incorporation

"I need a Short Certificate of Incorporation for a tech startup in Manila with 60% local and 40% foreign ownership, planned to commence operations in March 2025, with an authorized capital of 5 million PHP."

Document background
The Short Certificate of Incorporation is a crucial document required under Philippine corporate law for establishing a new corporation. It is filed with and issued by the Securities and Exchange Commission (SEC) in accordance with the Revised Corporation Code of the Philippines (Republic Act No. 11232). This document serves as conclusive evidence of corporate existence and includes vital information such as the corporation's name, registered address, capital structure, and incorporators' details. It must be obtained before a company can legally operate, open bank accounts, or enter into contracts as a corporation. The certificate forms part of the company's permanent records and is often required when dealing with government agencies, financial institutions, and business partners. Regular updates or amendments may be necessary if there are significant changes to the corporation's structure or details.
Suggested Sections

1. Corporate Name Declaration: Official declaration of the corporation's approved name, including a statement of name reservation from SEC

2. Principal Office: Complete address of the corporation's principal office in the Philippines

3. Corporate Purpose: Clear statement of the primary and secondary purposes of the corporation

4. Capital Structure: Details of authorized capital stock, par value, and number of shares

5. Incorporators Information: Names, nationalities, and addresses of incorporators, along with their share subscriptions

6. Board of Directors: Names and details of initial board of directors who will serve until first shareholders' meeting

7. Corporate Term: Statement of corporate term (perpetual unless specified otherwise)

8. Certification: Formal certification statement and signatures of incorporators

Optional Sections

1. Foreign Ownership Declaration: Required only if the corporation has foreign ownership, stating compliance with foreign ownership restrictions

2. Branch Office Authorization: Optional section for corporations planning to establish branch offices

3. Special Provisions: Any special provisions or restrictions on corporate powers as allowed by law

4. Treasurer's Affidavit: May be included in main document instead of as separate attachment, certifying paid-up capital

Suggested Schedules

1. List of Subscribers: Detailed list of all share subscribers with their corresponding shareholdings and nationalities

2. Proof of Capital: Bank certificates or other documents proving paid-up capital

3. Tax Identification: Copy of Tax Identification Number (TIN) certificates of incorporators

4. SEC Registration Forms: Completed SEC forms required for registration

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant Industries

Banking and Finance

Real Estate

Manufacturing

Technology

Retail

Professional Services

Healthcare

Education

Construction

Transportation

Agriculture

Mining

Energy

Telecommunications

Tourism and Hospitality

Relevant Teams

Legal

Compliance

Corporate Secretariat

Finance

Administrative

Executive Management

Board of Directors

Corporate Governance

Risk Management

Relevant Roles

CEO

Corporate Secretary

Legal Counsel

Compliance Officer

Chief Financial Officer

Board Director

Company Treasurer

Managing Director

Corporate Governance Officer

Business Development Manager

Risk Management Officer

Administrative Officer

Company Registrar

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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