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Application to do business under Foreign Investments

SEC application form under the Act of 1991 FIA Form 105 - for Partnership

Your Browser Doesn't Support Canvas. Showing the Text Content of the PDF Instead: S.E.C. FORM No. F-105
For New Partnership with
Foreign Equity

APPLICATION TO DO BUSINESS UNDER THE
FOREIGN INVESTMENTS ACT OF 1991
________________________________________________________

(Name of Partnership)

hereby applies for authority to do business under the Foreign
Investments Act of 1991 (RA 7042, as amended) and submits the
following statements and accompanying documents:
1.
That the applicant is a partnership in the process of
registration with this Commission and intends to operate a
(
(
2.

)
)

domestic market enterprise
export market enterprise

*
**

That the purpose(s) of said partnership is

______________________________________________________________________________________
______________________________________________________________________________________
______________________________________________________________________________________
______________________________________________________________________________________
(Please use additional sheet if necessary)

3.

That the business address of the company is in

______________________________________________________________________________________________
(specific address)

4.
That
the
capital
of
the
applicant
___________________________________ (P _____________________)

is

5.
That ________________________ percent (_______%) of
capital is contributed by non-Philippine nationals.
* domestic market enterprise - an enterprise which produces goods for sale, or renders services or otherwise
engages in any business in the Philippines. This requires minimum contributed capital equivalent of
US$200,000.00
** export market enterprise - an enterprise wherein a manufacturer, processor or service including tourism
enterprise exports sixty percent (60%) or more of its output, or wherein a trader purchases products
domestically and exports sixty percent (60%) or more of such purchase. Minimum contributed capital
required is P3,000.00

6.
That the alien partner(s) of the applicant who are
stockholders/partners of an existing corporation/partnership in

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the Philippines which is engaged in the same line of business as
that of the applicant are as follows:

NAME

NAME OF CORPORATION/
PARTNERSHIP

PERCENTAGE OF
SHAREHOLDINGS

NO. OF
DIRECTORS/
PARTNERS

______________
_______________
______________
______________
______________

__________________________
__________________________
___________________________
__________________________
__________________________

________________
________________
________________
________________
________________

____________
____________
____________
____________
_____________

(Please use additional sheet if necessary)

7.
That the applicant undertakes to export at least 60% of its
total output as indicated hereunder and commits to submit report of
such export to the Board of Investments as required by the Implementing
Rules of RA 7042 as amended:
YEAR

PRODUCTS

TOTAL PROJECTED
SALES VOLUME/VALUE***

DOMESTIC
SALES

EXPORT
SALES

EXPORT
%

_____
_____
_____
_____

_________
_________
_________
_________

______________________
______________________
______________________
______________________

__________
__________
__________
__________

________
________
________
________

_______
_______
_______
_______

*** Please use value in case of products of different kinds and characteristics as well as to those
of the same kind but with various categories using different unit of measurement, volume in case
of products of the same kind or category using a common unit of measurement.

8.
That we hereby authorize the Securities and Exchange
Commission and the Bangko Sentral ng Pilipinas to examine and verify
the deposit in the ______________________________ in the name of
(Name of the Bank)

_________________________________ of said corporation in the amount of
(Name of the Officer)

______________________________________________ which is equivalent to
______________________________ (P___________) at the current rate of
exchange, representing the actual remittance of the applicant.
This
authority is valid and inspection of said deposit may be made even after
the issuance of the license of the company.
9. That we manifest our willingness to change our partnership
name in the event another person, firm or entity has acquired a prior
right to the use thereof or such name is deceptively or confusingly
similar to one which has prior right.
IN WITNESS WHEREOF, I, the authorized representative of
the applicant, hereby signed this application this ______ day of
____________ 200_____ in ____________________________________.

2

________________________________
(Authorized Representative)
________________________________
Position
SUBSCRIBED AND SWORN TO before me, this _____ day of
__________, 200__ affiant exhibiting to me his/her Community Tax
Certificate No.
____________ issued at ________________________ on
_________________________.
NOTARY PUBLIC

Doc. No. __________;
Page No. __________;
Book No. __________;
Series of 200________.
NOTE:
• Only applications with complete supporting documents including proper
indorsements from appropriate government agencies shall be accepted.
• All documents executed abroad should be authenticated by the Philippine
Embassy or Consulate in the country where executed.
• Submit six (6) copies
• List of Requirements:
1) Application Form
2) Name Verification Slip
3) Articles of Partnership
4) Bank Certificate of Deposit
5) Proof of Inward Remittance such as bank certificate of inward remittance
6) Registration Data Sheet

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