The Philippine Securities and Exchange Commission (SEC) is directing all foreign corporations to fully disclose their beneficial owners. SEC Memorandum Circular No. 30 (series of 2020) requires all foreign corporations (such as branch office, representative office and regional area/operating headquarters) to include information on their beneficial owners … Continue readingForeign firms required to disclose beneficial ownerships
PJS Law and collaboration partner, Talino Venture Labs, the first inclusiontech venture builder in the Philippines, launched on 11 December 2019, Unawa Asia (www.unawa.asia) – the first regulatory-tech (“RegTech”) venture in the Philippines. “Unawa aims to make regulatory compliance as pain-free as possible for enterprises … Continue readingUnawa Pioneers RegTech in the Philippines
Securities and Exchange Commission (SEC) Chairperson Emilio B. Aquino, together with Commissioners Antonieta F. Ibe, Ephyro Luis B. Amatong and Javey Paul D. Francisco, presents the certificate of incorporation of Markable Solutions Phils, Inc. to PJS Corporate Support, Inc. (CSI) Chief Executive Officer Rachelle Guinto-Lambuson, … Continue readingSEC Registers First Ordinary Corporation with Less Than Five Incorporators
“Guidelines on the numbers and qualifications of incorporators under the revised corporation code” Click to download: SEC Memorandum Circular No. 16 Series of 2019
The “Tax Reform for Acceleration and Inclusion (TRAIN Law)”, which took effect on 01 January 2018, amended several provisions of the Tax Code 0f 1997. As of 05 April 2018, the Bureau of Internal Revenue (BIR) has prepared and implemented twelve (12) Revenue Regulations to … Continue readingTRAIN Law
On 16 May 2018, the Senate passed on third and final reading Senate Bill 1532 which shall be known as the “Innovative Startup Act”. The Bill proposes incentives and other forms of assistance to encourage innovative technology to enter into the country. Read more at: … Continue readingOn the “Innovative Startup Act”
“S&P Global Ratings said it is not concerned about any overheating in the Philippine economy, saying that robust investment and a growing labor force have made current growth levels sustainable.” (BusinessWorld, 23 May 2018) Read more at: http://bworldonline.com/sp-sees-phl-growth-sustained-with-no-danger-of-overheating/