The Securities and Exchange Commission (SEC) has made it easier for people to start a business when it recently issued new rules adopting the best practices recommended by the World Bank’s Doing Business team and that aim to improve the global competitiveness of the Philippines’ corporate sector.

These are contained in SEC Memorandum Circular 16, Series of 2020 (MC16, s. of 2020), or “Guidelines on Authentication of Articles of Incorporation in Applications for Registration of New Domestic Corporations.”

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