Setting up a business in Cebu starts at the Securities and Exchange Commission (SEC). Thanks to the eSPARC (Electronic Simplified Processing of Application for Registration of Company) system and eSECURE, the traditional paperwork bottleneck is a thing of the past.
What is SEC eSPARC?
eSPARC is the SEC’s online portal that processes applications for One Person Corporations (OPCs), domestic stock and non-stock corporations, partnerships, and foreign branch offices.
The 1-Day Shortcut: OneSEC
If you are founding a Domestic Stock Corporation with standard articles and 2 to 15 incorporators, you can use OneSEC (One-day Submission and E-registration of Companies). It automates name verification, document validation, and digital certificate issuance without human manual review.
Step-by-Step Guide:
Name Verification: Submit and reserve your proposed corporate name via eSPARC.
Details & Signatures: Encode company details, capital structure, and officer info. Incorporators authenticate documents digitally using the eSAP portal.
Payment: Pay registration fees online via eSPAYSEC or LBP payment channels.
Download Certificate: Obtain your digitally signed Certificate of Incorporation, which carries full legal authority to start municipal and tax compliance.
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