Address: 12F Sagittarius Building,
111, H.V. Dela Costa Street Salcedo Village, Makati City 1227
Tel: +63 (02) 8540-9623
Email: info@tripleiconsulting.com
A Philippine Resident Agent serves as the official representative of foreign companies authorized to conduct business within the country. Unlike entities with a Board of Directors, foreign companies, such as Branch or Representative Offices, are mandated to appoint a Resident Agent to facilitate various legal and administrative responsibilities.
The Resident Agent acts as the primary contact for government agencies, accepting official communications from bodies like the Securities and Exchange Commission (SEC) and courts. Their key responsibilities encompass:
The prerequisites for becoming a Resident Agent are straightforward: the individual or entity must reside in the Philippines and exhibit good standing. Eligibility criteria include:
Securing a Certificate of Good Standing from the SEC typically takes around two weeks, obtained from the Company Registration and Monitoring Department (CRMD) at the SEC.
Appointing a Resident Agent in the Philippines is a pivotal step in the SEC registration process and entails specific prerequisites:
It’s crucial to note that if the company lacks a Resident Agent, service or summons upon the SEC will be deemed as served upon the company’s officers. The SEC must then relay the summons or legal documents to the company’s office within 10 days, with associated costs billed to the company.
Changing the Resident Agent mandates the submission of several documents to the SEC, including:
This change must be filed within 30 days from the new Resident Agent’s acceptance, or late fees will be incurred.
Remember, appointing a Resident Agent isn’t solely a prerequisite for starting a business but also a necessity for continued operations. Failure to maintain a Resident Agent could lead to the revocation of the company’s license to operate in the Philippines.
Triple i Consulting provides a comprehensive suite of business services in the Philippines, including:
If you would like our assistance with our Resident Agent Services, please book an initial consultation with one of our business experts through any of the following channels below:
First Name (required)
Last Name (required)
Your Email (required)
Phone (Enter Your Phone Number if You'd Like Us to Call You)
Your Message