Share

F-106 Application of Existing Partnership to do Business

SEC application form for registered partnership to have foreign equity for partnership under the foreign investment act of 1991 for foreign owned partnership

Your Browser Doesn't Support Canvas. Showing the Text Content of the PDF Instead: S.E.C. FORM NO. F-106
For registered partnership
to have foreign equity

APPLICATION OF AN EXISTING
PARTNERSHIP 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 registered with this
Commission with SEC Reg. No.
______________________ issued on
_________________________ and intends to operate a
(
(

2.

)
)

domestic market enterprise
export market enterprise

*
**

That the purpose(s) of said company is ____________________

______________________________________________________________________________________________
______________________________________________________________________________________________
_______________________________________________________________________________________
__________________________________________________________________________________________
(Please use additional sheet if necessary)

3.
That the business address of the corporation is in
________________________________________________________________________
(specific address)

4.
That
the
present
capital
of
the
applicant
____________________________________________ (P __________________ ).

is

* 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 or exports sixty percent (60%) or more of such purchases. Minimum contributed capital required
is P3,000.00

5.
That the partnership shall have a foreign equity of
___________________________ per cent
( ________%)
which shall be
undertaken through:

1

(

)

Admission of non-Philippine national as partner

(

)

Assignment of Filipino partnership interest to non-Philippine national

(

)

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

________________
________________
________________
________________
________________

(Please use additional sheet if necessary)

NO. OF
DIRECTORS/
PARTNERS

____________
____________
____________
____________
____________

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.

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.

2

IN WITNESS WHEREOF, I, the authorized representative of the
applicant, hereby signed this application this ______ day of ____________,
200______ in ____________________________.
_________________________________
(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
 
Page of
Share