SEC rolls out free company registration simulation platform
The Securities and Exchange Commission (SEC) has launched an online platform that allows entrepreneurs to simulate the company registration process, making doing business easier in the country.
The Commission has unveiled the Company Registration Simulation, a feature offered at no cost to users, under its newly revamped SEC Academy platform, accessible at academy.sec.gov.ph.
The portal is designed to guide users in registering a company through the Electronic Simplified Processing of Application for Registration of Company (eSPARC) and in creating an account under the Electronic SEC Universal Registration Environment (eSECURE) to access all SEC digital services.
Through the simulation, entrepreneurs can explore each step of the registration process, understand the system requirements, and practice filling out the required information before applying.
Apart from giving users room for errors, the feature also helps reduce the number of applications that are unable to move forward due to unmet requirements. By allowing users to test and refine their entries beforehand, the platform helps manage traffic in the actual registration system and enables SEC personnel to focus their time and resources on processing complete and compliant applications, supporting the Commission’s efforts to improve efficiency and optimize service delivery.
“As the SEC continues to transform the business registration process and shift services online, we want to ensure that it remains easy and accessible to all entrepreneurs, whether they are tech-savvy or not,“ SEC Chairperson Francis Lim said.
“With the launch of the Company Registration Simulation, we aim to demonstrate that registration is simple and straightforward, hopefully empowering entrepreneurs to confidently take the first step in incorporating their business,“ he added.
Company registration under eSPARC
The eSPARC platform can simulate applications for registration of one person corporations, domestic stock and non-stock corporations, as well as foreign stock and non-stock corporations, including their branch offices, representative offices, and regional operating headquarters.
To start, users can head to the Resources tab of SEC Academy and click “Company Registration Simulation.“ This will lead them to a portal that mirrors the eSPARC platform, where they can select the processing method of their choice for their application. Users will be then be provided with test email accounts and passwords under eSECURE to proceed with the simulation.
As part of the registration process, applicants can also simulate digitally authenticating system-generated documents through the Electronic Submission Authentication Portal (eSAP). Since the introduction of eSAP in July 2024, applicants for company registration no longer need to submit hard copies of incorporation documents with wet signatures of their officers/incorporators.
Additionally, users can obtain a tentative payment assessment based on their company‘s authorized capital, allowing them to plan and prepare the necessary requirements in advance.
eSECURE account simulation
Users can likewise simulate the eSECURE account creation process by clicking the “eSECURE account“ button beside the log in option on the portal. This allows them to be familiar with the platform, without undergoing the full credentialing process.
The Company Registration Simulation forms part of the Commission’s broader campaign to widen access to its services and provide entrepreneurs with greater understanding of the SEC‘s functions through the SEC Academy.
Launched during the 2025 Investor Protection Week, the SEC Academy offers free online courses to equip users with the knowledge to effectively manage personal finances, jumpstart businesses, invest wisely, and avoid investment scams and other predatory schemes. #