Located on the fifth floor of the Dap-ayan Building in Brgy. 9, Sta. Angela, the SEC Laoag Extension Office (EO) aims to boost regulatory oversight and support economic growth in northern Philippines.
This move comes as the Ilocos Region demonstrated significant economic potential, posting a nominal gross domestic product (GDP) of P701.47 billion in 2023, the second highest among regions without an SEC extension office.
Additionally, the region hosts eight operational special economic zones, the most among such regions, serving as hubs for industrial, commercial, and financial activities.
The SEC Laoag EO will facilitate business registration, compliance, and other SEC-related processes for corporations across Ilocos Norte, Ilocos Sur, La Union, and Pangasinan.
It will also drive the SEC’s investor protection and education initiatives to combat scams and fraudulent schemes.
As of November 2024, the Ilocos Region is home to 12,463 SEC-registered corporations.
Through the SEC Laoag EO, we seek to create an environment that will encourage businesses to incorporate, enabling them to take part in driving the robust economic growth of the Ilocos Region,” SEC Chair Emilio B. Aquino said.
This new office, the 14th regional SEC location, follows recent openings in Butuan, Koronadal, and Lipa in 2024, underscoring the SEC’s commitment to improving the ease of doing business and promoting economic development nationwide. -—Ed: CSN
