SEC Highlights Fee Reductions and Incentives Supporting MSME Growth

The Securities and Exchange Commission (SEC) has emphasized that recent reductions in regulatory fees and other incentives are helping micro, small, and medium enterprises (MSMEs) lower costs and free up capital for business growth. These initiatives were showcased during the “Juan with SEC Caravan: Oportunidad Para sa Pag-Asenso ng Negosyo ni Juan,” held as part of the 2026 MSME Development Week, according to a statement released by the corporate regulator on August 2.

Over the past several years, the SEC has implemented multiple measures aimed at easing the regulatory burden on MSMEs. These include lowering fees for corporate document requests, business registration, and amendments to corporate papers. In 2025, the SEC reduced fees for corporate document requests by 50%, and this discount was increased to 75% in 2026. As of June 2026, the agency reported that these fee reductions have resulted in nearly P211 million in savings on corporate document fees for MSMEs.

In addition to document fee cuts, the SEC offers a 20% discount on corporate registration fees for MSMEs and a 25% discount on fees related to amendments of articles of incorporation involving increases in capital stock. These incentives have translated into approximately P149 million in registration fee discounts for the sector, the commission said.

SEC Chairperson Francisco Ed. Lim explained that the savings from these reduced fees allow MSMEs to redirect resources toward expanding their operations. He noted that instead of paying higher regulatory fees, businesses can use the funds as additional capital to purchase equipment, increase inventory, improve technology, or hire more employees. Lim described this approach as the SEC acting as a partner in the growth of MSMEs.

Lim also encouraged more MSMEs to incorporate, highlighting that incorporation can facilitate access to financing as businesses grow. He reminded attendees that every large corporation began as a small business and urged entrepreneurs not to underestimate their current position. He pointed out that the next major Filipino enterprise could start from a sari-sari store, home-based business, online shop, or family business, many of which were represented at the event.

The SEC cited data from a 2020 report by the United Nations Development Programme (UNDP) Philippines, noting that MSMEs constitute more than 99% of businesses in the country and employ over 60% of the workforce. Lim emphasized that the SEC is not merely a regulator but a partner committed to making it easier for MSMEs to operate by lowering costs through discounts, digitalization, faster processing, and more accessible services.

The three-day Juan with SEC Caravan featured discussions on company registration, corporate governance, regulatory compliance, and financing options available through the capital market. The SEC also provided assistance with online services and other transactions, while giving participating businesses an opportunity to showcase their products and services. This outreach effort reflects the SEC’s ongoing commitment to support MSMEs in overcoming challenges and promoting sustainable growth.