1 Nam e Verification Slip;

2 Application Form (AF)

1 F-103: for Stock Branch Office (SBO)
2 F-104: for Stock Representative Office (SRO)
3
4 F-108: for Non-Stock Branch Office and Representative Office,
including Foundations (NBO & NRO)
3 Autenticated copy of the Board Resolutionauthorizing the
establishment of the Branch/Representative Office in the
Philippines; designating the Resident Agent to whom summons
and other legal processes may be served in behalf of the foreign
corporation; and stipulating that in the absence of such Agent or
upon cessation of its business in the Philippines, any summons or
legal processes may be served to SEC as if the same is made
upon the corporation at its home office;
4 Authenticated copy of the Articles of Incorporation/Partnership
with an English translation thereof if in foreign language other
than English
5 Financial Statements
6 For the immediately preceding year at the time of filing of the
application Audited by an independent Certified Public
Accountant of the home country
1 Authenticated before the Philippine Consulate/Embassy
2
7 Compliance with Financial Ratios
1

SBO

2 Ratio
Solvency
Liquidity

3 Formula
5 Total Assets/Total
Liabilities
7 Current Assets/Current
Liabilities
9 Total Liabilities/Equity

Debt to Equity
11
12
13 SBO,NBO & NRO
14 Rati
15 Formula
o
Solvency
17 Total Assets/Total

4 Benchm
ark
Value
6 1:1
8 1:1
10 3:1

16 Benchmark
Value
18 1:1

Liabilities
19
20
8 Notarized Proof of Inward Remittance such as bank certificate of
inward remittance or credit advices (for SBO & SRO)
9 Affidavit of undertaking to change corporate name (not required
if already stated in the AF)
10 Resident Agent's (RA) acceptance of appointment (not required if
RA is the signatory in the AF)
11 Endorsement/Clearance from appropriate government agencies