Corporate Account Requirements

Primary Requirements

  • Download here.

  • View sample here.

    • Passport

    • Driver's license

    • SSS or GSIS ID

    • Professional Regulation Commission (PRC) ID

    • SEC Registration/SEC Certificate of Incorporation (COI) or Cooperative Development Authority (CDA) Registration, whichever is applicable

    • Articles of Incorporation (AOI), Partnership or equivalent

    • By-Laws (not applicable for One Person Corporation (OPC); see alternative requirements below)

    • Latest General Information Sheet (GIS) filed with the SEC including beneficial ownership page and SEC QR Code Acceptance, or Cooperative Annual Performance Report (CAPR), whichever is applicable. View sample here.

    • Latest Audited Financial Statements (AFS) with SEC QR Code Acceptance. View sample here.

      Note: For companies, businesses or partnerships registered outside the Philippines, submit comparable documents, duly apostilled by the Philippine Consulate where the corporation is registered.

      Please ensure that the submitted documents are the latest copies submitted to and received by the SEC.

      The Corporate Secretary may certify these documents on the first page only; there is no need to certify each individual page - view sample here.

Important Reminders

  • Each authorized officer/signatory based on the notarized Board Resolution/Secretary's Certificate must sign the application forms.

  • All forms and documents must be signed using a ballpoint pen (handwritten/wet signatures). Electronic signatures are not accepted.

  • Submit the soft copies of complete requirements to sales@colfinancial.com for checking and pre-approval and wait for further instructions on how to submit the original documents.

Additional and/or Alternative Requirements

For newly incorporated companies:

  • Photocopy of BIR Form 2303

  • If GIS is not yet available, submit the original copies of the following:

    • Notarized certification of directors, officers, and stockholders
      View sample here.

    • COL Beneficial Ownership Form
      Download here.

  • If AFS is not yet available, submit a photocopy of company's bank statement or any similar document that shows the company’s source of investible funds or provides proof of both the existence of a bank account under the company's name and its current balance. This document must be duly certified by the corporate secretary.

For One Person Corporation (OPC):

  1. Photocopy of SEC Acceptance Letter of Nominee duly certified by the corporate secretary

  2. Photocopy of SEC Form of Appointment of Officers duly certified by the corporate secretary

  3. COL Beneficial Ownership Form

Additional documents (as applicable):

  • If with secondary license, submit a photocopy of the secondary license duly certified by the corporate secretary

  • If an AML covered institution, submit a photocopy of the valid AMLC registration duly certified by the corporate secretary

  • If US person, submit an original copy of the IRS Form W9 duly certified by the corporate secretary

  • If with at least one corporate shareholder, submit a photocopy of the organizational chart duly certified by the corporate secretary clearly showing the companies in the group, the relationship of the companies to each other, the ownership of each company, and the ultimate beneficial owner(s) of the customer