The series of circulars—designed to make business registration faster and cheaper—has delivered the greatest benefit to micro, small, and medium enterprises (MSMEs), which accounted for over half of the total discounts.
“The SEC is taking an active role in the national government’s efforts to further unlock the massive potential of the MSME sector in driving the Philippine economy’s growth,” said SEC chair Francis Ed. Lim.
The changes slash fees for company filings, authenticated documents, and capital stock increases, while also cutting registration costs for firms entering the capital market.
One key measure, SEC Memorandum Circular No. 6, alone generated more than P36 million in savings from reduced documentation fees.
Collectively, these reforms signal a shift toward a more inclusive and digitally efficient corporate landscape. Lim said the Commission will continue refining its policies to empower MSMEs as key drivers of national growth.
—Edited by Miguel R. Camus
