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F-102 Application of an Existing Corporation to Increase its Foreign Equity

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

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For registered corporation with more
than 40% foreign equity increasing
further the percentage of such equity

APPLICATION OF AN EXISTING CORPORATION
TO INCREASE ITS FOREIGN EQUITY UNDER THE
FOREIGN INVESTMENTS ACTS OF 1991
_______________________________________________________
(Name of Corporation)

hereby applies for authority to increase the percentage of foreign equity
participation 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 operates a
(
(

)
)

domestic market enterprise
export market enterprise

*
**

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

3.
That the present foreign equity of
___________________________________ (__________%).

the

applicant

is

4.
That the applicant shall increase the percentage of its foreign
equity to ______________________________ percent (_________%).
5.
That the primary purpose of said corporation is
________________________________________________________________________
________________________________________________________________________
________________________________________________________________________
(Please use additional sheet if necessary)
* 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 (60%) percent or more of its output, or wherein a
trader purchases products domestically or exports sixty (60%) percent or more of such purchase.
Minimum paid-up capital required is P5,000.00.

6.
through:

That the increase in foreign equity shall be undertaken

(

)

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 __________________________________

7.
That the present authorized, outstanding and paid-up
capital stock of the applicant are as follows:
AUTHORIZED

OUTSTANDING

PAID-UP

P_________________________

P _________________________

P _________________________

IN WITNESS WHEREOF, I, the authorized representative of the
applicant, hereby signed this application this ______ day of ____________,
200___ in ____________________________.
____________________________________________
(Signature over printed name of 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

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