Online SEC kiosks to ease registration

To better streamline the business registration process, the Securities and Exchange Commission (SEC) unveiled on Friday online kiosks to allow for faster and convenient registration of new corporations, partnerships and associations. This was in response to the increasing backlog on the processing of new applications at the agency.

The SEC said several facilitating automated system transition (Fast) lane kiosks were set up at its head office at the Philippine International Convention Center (PICC) in Pasay City as well as at its satellite offices in Metro Manila and extension offices in key cities across the country.

“The Fast Lane online kiosks were put in place to assist new registrants and to show them how easy it is to use the online registration system as they can replicate the process in the convenience of their own homes and offices. All they need is a stable internet service and of course, the information they will be inputting into the system,” SEC Chairperson Emilio Aquino said.

The lanes, which are open from Monday to Friday during office hours, will be manned by Fast Action Service Teams who will provide advisory assistance to new registrants of corporations, partnerships and associations with priority given to those applications filed in June and earlier.

The online registration system is one of the mechanisms established by the SEC management to make services more efficient and easily accessible to the public.

Earlier, the SEC’s online company registration system (CRS) reported some teething problems, especially in the filling up of corporate information, unstable internet connectivity, storage and other system readjustments. This resulted in the backlog of new companies applying for registration, underscoring the need to facilitate the transition from its previous manual registration system to an automated one.

The SEC has extension offices in Baguio City, Tarlac City, Legazpi City, Cebu City, Iloilo City, Cagayan de Oro City, Zamboanga City and Davao City.

It has satellite offices at the Muntinlupa City Hall, SM North Edsa, Ali Mall Cubao, Robinson’s Galleria Ortigas Center, SM Manila and SM Mall of Asia.