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Manila Bulletin devider Business devider The Stock Market devider SEC extends registration fee discounts for MSMEs

SEC extends registration fee discounts for MSMEs

Published Mar 31, 2026 12:49 pm  |  Updated Mar 31, 2026 01:10 pm
The Securities and Exchange Commission (SEC) further extended the period for micro, small, and medium enterprises (MSMEs) to avail of fee discounts in the incorporation of their businesses.
The Commission, on March 26, issued SEC Memorandum Circular No. 13, Series of 2026, aimed at Further Supporting the Growth and Expansion of MSMEs by Extending Discounted Rates for Certain Filing Fees.
The memorandum circular extends the effectivity of the 20 percent discount for MSMEs' corporate registration until December 31.
The reduced rates, which have been in place since July 16, 2025, have resulted in ₱54.77 million in savings for MSMEs that have registered with the Commission as of March 26, 2026.
“As the backbone of the Philippine economy, MSMEs deserve every opportunity to grow and thrive. The savings already realized by our entrepreneurs since July represent the businesses that now have legal standing to access credit, grow their operations, and contribute more robustly to our economy,” SEC Chairperson Francis Lim said.
He added, “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.”
Meanwhile, the 50 percent discount for the registration of securities of MSMEs remains in effect until June 30, 2026.
The lower fees also cover securities being registered through the Commission’s streamlined processes for power generation and distribution utility companies, real estate developers and/or managers in relation to rental pool deals, agri-business firms, and hospitals.
The memorandum circular adopts the classification of MSMEs based on asset size provided under Republic Act No. 9501, otherwise known as the Magna Carta for Micro, Small and Medium Enterprises.
Under the Magna Carta for MSMEs, micro enterprises include companies with asset size of up to ₱3 million, up to ₱15 million for small-sized businesses, and up to ₱100 million for medium-sized enterprises.
Companies planning to avail of the discounted securities registration filing fee are required to submit a Certification of MSME Qualification, executed by the company’s president or treasurer.
Applicants must also have a paid-up capital of ₱25 million, except for those filing through the streamlined registration of securities process for agri-businesses.

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Securities and Exchange Commission Francis E. Lim
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