Document background
The LLC Certificate of Authority is a mandatory requirement for businesses operating in the Philippines, issued by the Securities and Exchange Commission (SEC) under the authority of the Revised Corporation Code. This document is essential for both domestic and foreign LLCs seeking to establish or maintain their business presence in the Philippine market. The Certificate validates that the company has satisfied all regulatory prerequisites, including proper registration, capitalization requirements, and compliance with ownership restrictions under Philippine law. It must be obtained before commencing business operations and may need periodic renewal depending on specific circumstances. The document contains critical information about the company's identity, authorized activities, and operational parameters, serving as proof of legal status for various business transactions and regulatory compliance.
