How To Register A One Person Corporation (OPC 2021)

This video explained what is One Person Corporation or OPC and how to register an OPC with SEC. Enumerated at the description below the steps for registration, documentary requirements, and taxation. With the passage of Republic Act No. 11232, otherwise known as the Revised Corporation Code of the Philippines (RCC), sometime in February 2019, which is being implemented by SEC memorandum circular No. 7, series of 2019, introduced several innovations committed to improve the ease of doing business in the country. One of the most prominent inclusions in the RCC is the concept of a One-Person Corporation (OPC), or a corporation with a single stockholder. What is a One-Person Corporation? A One-Person Corporation (OPC) is a corporation with a single stockholder, who can only be a natural person (who must be of legal age), trust or estate. As an incorporator, the “trust” does not refer to a trust entity but rather pertains to the subject being managed by a trustee. The single stockholder is req