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.
VISIT QUISUMBING TORRES SITE
Copyright © 2022 Baker & McKenzie. All rights reserved. Ownership: This documentation and content (Content) is a proprietary resource owned exclusively by Baker McKenzie (meaning Baker & McKenzie International and its member firms). The Content is protected under international copyright conventions. Use of this Content does not of itself create a contractual relationship, nor any attorney/client relationship, between Baker McKenzie and any person. Non-reliance and exclusion: All Content is for informational purposes only and may not reflect the most current legal and regulatory developments. All summaries of the laws, regulations and practice are subject to change. The Content is not offered as legal or professional advice for any specific matter. It is not intended to be a substitute for reference to (and compliance with) the detailed provisions of applicable laws, rules, regulations or forms. Legal advice should always be sought before taking any action or refraining from taking any action based on any Content. Baker McKenzie and the editors and the contributing authors do not guarantee the accuracy of the Content and expressly disclaim any and all liability to any person in respect of the consequences of anything done or permitted to be done or omitted to be done wholly or partly in reliance upon the whole or any part of the Content. The Content may contain links to external websites and external websites may link to the Content. Baker McKenzie is not responsible for the content or operation of any such external sites and disclaims all liability, howsoever occurring, in respect of the content or operation of any such external websites. Attorney Advertising: This Content may qualify as “Attorney Advertising” requiring notice in some jurisdictions. To the extent that this Content may qualify as Attorney Advertising, PRIOR RESULTS DO NOT GUARANTEE A SIMILAR OUTCOME. Reproduction: Reproduction of reasonable portions of the Content is permitted provided that (i) such reproductions are made available free of charge and for non-commercial purposes, (ii) such reproductions are properly attributed to Baker McKenzie, (iii) the portion of the Content being reproduced is not altered or made available in a manner that modifies the Content or presents the Content being reproduced in a false light and (iv) notice is made to the disclaimers included on the Content. The permission to re-copy does not allow for incorporation of any substantial portion of the Content in any work or publication, whether in hard copy, electronic or any other form or for commercial purpose.