SEC Cebu records 1,871 incorporations for first semester of 2023, 114% increase from the same period last year


CEBU: From January to June 2023, the 
Securities and Exchange Commission-Cebu Extension Office (SEC-CEBEO) incorporated 1,871 entities. This year’s first semester saw a significant 114 percent increase in incorporations compared to the same period in 2022 with only 920 entities incorporated.

Atty. Sheara Lupango-Tamayo, SEC-CEBEO’s Director, gladly noted the significance as it is already 98 percent of the 1,908 total number of entities incorporated last year.

Of the 1,871 corporations, there are 277 one-person-corporations, 715 stock corporations with less than five incorporators, 422 regular stock corporations, 41 corporations sole, 63 non-stock corporations with less than five incorporators, 277 regular non-stock corporations, 2 foreign corporations, and 74 partnerships.

The SEC’s digital transformation, particularly the launch of the Electronic Simplified Processing of Application for Registration of Company (eSPARC), has contributed to this year’s highest growth in company registrations for the CEBEO since the pandemic.

The eSPARC platform allows the public to register stock and non-stock corporations as well as partnerships online, from the convenience of their home. This digital initiative makes the SEC’s registration service more accessible to the public. The CEBEO’s jurisdiction includes the provinces of Cebu, Bohol, and Siquijor.

“It is for the comfort of such clients from farther areas that the SEC strives for accessibility in their services. The Commission’s dedication to overseeing the corporate sector remains steadfast,” Lupango-Tamayo said.

The SEC-CEBEO recently transferred its location to 12th Floor, AppleOne - Equicom Tower, Mindanao Avenue corner Biliran Road, Cebu Business Park, Cebu City to give better and improved services to its clients.

Comments

Post a Comment

Popular posts from this blog

CPMS recognizes graduates and partners in its 17th Commencement Rites

Image
During the 17th Commencement Exercises held on June 17, 2023, Children's Paradise Montessori School (CPMS) emphasized the importance of recognizing the boundless possibilities available to its learners. As the grade six students graduated and prepared to enter junior high school, CPMS President Ms. Marivic Bathan highlighted the significance of this transition into adulthood. The graduation ceremony revolved around the inspirational quote from Dr. Maria Montessori: "The child is endowed with unknown powers which can guide us to a radiant future. If what we really want is a new world, education must aim at the development of hidden possibilities." This quote encapsulated CPMS's commitment to nurturing students' hidden potential and fostering a mindset of growth and exploration. The ceremony also included a send-off ritual for the grade six graduates and preschoolers, as they prepared to embark on their respective educational journeys. It was not just a celebratory
Read more

We’ve Got Your Back: BackJoy celebrates 10 years in PH

Image
Are you someone who spends much of the day hunched over a laptop for work and then proceeds to plop down the couch or bed only now bent over a phone browsing through memes and posts? Suddenly, you complain about bursts of pain from your aching back. A familiar scene, right? You are not alone. One of our modern-day woes is our sad state of posture which results in pain. It is estimated that around 80% of Filipino adults suffer from back pain at some point in their lives. Correcting posture and providing people the chance to get back the joy of living life to the fullest is the mission of BackJoy, the leading global provider of products that improve posture. “We tend to sit for long hours, and sometimes, we don’t even notice it. This is the root of the problem,” said Antonio Lorenzo Bonoan, brand executive of BackJoy Philippines. The pandemic has only worsened our bad habits. Especially with the shift in lifestyle, more people are becoming slaves to their devices and poor posture has bec
Read more

𝐂𝐞𝐛𝐮 𝐂𝐡𝐚𝐦𝐛𝐞𝐫 𝐒𝐩𝐞𝐚𝐫𝐡𝐞𝐚𝐝𝐬 𝐓𝐚𝐱 𝐂𝐨𝐝𝐞 𝐃𝐢𝐚𝐥𝐨𝐠𝐮𝐞 𝐟𝐨𝐫 𝐏𝐫𝐨𝐠𝐫𝐞𝐬𝐬𝐢𝐯𝐞 𝐓𝐚𝐱 𝐑𝐞𝐟𝐨𝐫𝐦

Image
At the forefront of navigating the intricacies of Real Property Tax (RPT) issues, the Cebu Chamber of Commerce and Industry (CCCI) in collaboration with the Local Government of Cebu City organized the Tax Code Dialogue on November 23 at City Sports Club Cebu City. This landmark gathering served as a cornerstone for stakeholders, converging to have a better and clearer understanding on the proposed revisions to the real property tax code of Cebu City. Amid a 20-year interval since the last comprehensive revision, businesses expressed fervent concerns on the implications of the proposed Real Property Tax (RPT) revisions. Although not a direct tax hike, the revamped structure unveiled noteworthy changes in actual tax liabilities. The dynamic nature of property values compounded this, rendering current property valuations obsolete and notably divergent from those established two decades ago. The City assessor's office acknowledges the discrepancy between the current assessed property v
Read more