Manila: The Securities and Exchange Commission (SEC) on Tuesday announced an extension of the discounted registration fees for micro, small, and medium enterprises (MSMEs) from the end of March to the end of December this year. The move is aimed at encouraging more MSMEs to incorporate, potentially boosting the Philippine economy.
According to Philippines News Agency, the SEC revealed that since fees were reduced on July 16, 2025, MSMEs have collectively saved about PHP54.77 million as of March 26. This initiative is part of a broader strategy to foster growth and sustainability within the sector. SEC Chairperson Francis Lim emphasized the crucial role of MSMEs as the backbone of the Philippine economy, noting that the savings enable businesses to gain legal standing, access credit, and expand their operations.
Lim further stated, "By extending these discounted rates through the end of 2026, we are reaffirming our commitment to the accessibility and affordability of doing business in the Philippines." This extension is expected to provide a significant boost to MSMEs, facilitating their contribution to the national economy.
Additionally, the SEC announced that the 50-percent discount on securities registration for MSMEs will remain active until June 30. This discount also applies to certain securities registered through the Commission's streamlined processes, which include power generation and distribution utilities, real estate developers and managers involved in rental pool deals, agri-business firms, and hospitals.
The SEC underscored the criteria for MSME classification as per Republic Act 9501, known as the Magna Carta for MSMEs. Micro enterprises are defined as having capital up to PHP3 million, small enterprises up to PHP15 million, and medium enterprises up to PHP100 million.
For companies wishing to avail of the discounted securities registration filing fee, a Certification of MSME Qualification is required. This certification must be executed by the company's president or treasurer, with a stipulation of having a paid-up capital of PHP25 million, except for those utilizing the streamlined registration process for agri-businesses.
