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F-101 Application of an Existing Corporation to do Business

SEC application form for registered corporations increasing its foreign equity to more than forty percent (40%) under the act of foreign investment 1991 for foreign corporation

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For registered corporations
increasing its foreign equity
to more than 40%

APPLICATION OF AN EXISTING CORPORATION
TO DO BUSINESS UNDER THE
FOREIGN INVESTMENTS ACT OF 1991
_____________________________________________________
(Name of Corporation)

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 corporation registered with this
Commission with SEC Reg.
No.
________________ issued on
__________________________ and intends to operate a
(
(

)
)

domestic market enterprise
export market enterprise

*
**

2.
That the principal office of the corporation is in
________________________________________________________________________
(specific address)

3.
That the primary purpose of said corporation is __________
________________________________________________________________________
________________________________________________________________________
________________________________________________________________________
(Use additional sheet if necessary)

4.
That the present authorized, outstanding and paid-up
capital stock of the applicant are as follows:
AUTHORIZED

P _________________

OUTSTANDING

P _________________

PAID-UP

P __________________

* 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 paid-in 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 or exports sixty percent (60%) or more of such
purchase. Minimum paid-up capital required is P5,000.00.

5.
That the corporation shall
_____________________________
percent
undertaken through:

have a foreign equity of
(_____%) which shall be

(

)

assignment of Filipino stockholdings to non-Philippine nationals

(

)

issuance of new stocks from the unsubscribed capital stock

(

)

increase/decrease of authorized capital stock

(

)

merger or consolidation

(

)

others __________________________________________

6.
That the applicant or its partner(s)
who are
stockholders/partners of an existing corporation/partnership in 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 as an export enterprise, 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.

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

3
 
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