In depth

Effectivity of MC 2022-062

MC 2022-062 shall be effective starting 14 September 2022.

MC 2021-069

On 22 November 2021, PEZA issued MC 2021-069, providing for the process and requirements for PEZA Visas. Under MC 2021-069, one of the documentary requirements for PEZA Visa applications is a Notarized Company's letter-request addressed to the PEZA Director General signed by its president or CEO. MC 2021-069 also provides that if the company's letter-request is not signed by the president/CEO, the following should be attached to the PEZA Visa application: (a) an authorization letter signed by the president/CEO; or (b) Original Corporate Secretary's Certificate; or (c) Certified True Copy of the Corporate Secretary's Certificate (signed by the Corporate Secretary), as proof/attestation to the company's authorized signatory/ies for visa application. 

MC 2022-062

Based on the above, MC 2021-069 requires the signature of either the president, CEO, or corporate secretary. However, companies registered as branch offices of foreign corporations do not have a president, CEO, board of directors, nor a corporate secretary in the Philippines. Thus, in the interest of promoting ease of doing business and providing more options to PEZA-registered entities, the requirement to provide a Notarized Company's letter-request has been revised as follows: 

"Notarized Company's letter-request addressed to the PEZA Director General signed by its President, Chief Executive Officer (CEO) or any of the company officers indicated in its updated General Information Sheet (GIS). If the signatory is other than the President, CEO or officer indicated in the updated GIS, the company or partnership must submit an original or certified true copy (certified by the issuing party) of the Board Resolution or Secretary's Certificate authorizing such signatory." 

Please contact QTInfoDesk@quisumbingtorres.com for inquiries.

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