Requirements for Transfer of Business Address
- Formal letter application specifying the actual date of occupancy
- Accomplished and notarized LRO Form No. 2 for transfer of business address
- Copy of formal notice to either the Bureau of Domestic Trade or the Securities and Exchange Commission (SEC)
- For corporations, a Board Resolution or Secretary's Certificate registered with the SEC authorizing the address transfer
- Contract of lease or proof of building ownership specifying office floor area, with a minimum requirement of 60 square meters
- List of new officers/employees, including appointments, biodata, and passport size pictures
- List of terminated/resigned employees with reasons, if not previously submitted
- Original proof of publication of new address in a newspaper of general circulation, to be submitted after inspection
Inspection Procedure
- Inspection of the new business address conducted after receipt of application and all required documents
- Agency expected to have effected transfer immediately upon submission
- Final acknowledgment of transfer issued only if minimum operational standards, as per inspection, are met
Conditional Approval and Compliance Deadline
- Agencies submitting incomplete requirements receive a no objection letter allowing transfer and immediate business operation
- Submission of required documents must be completed within 30 days from application filing
- Ocular inspection outcome still governs final approval
- Failure to comply within 30 days may lead to administrative sanctions
Enforcement and Effectivity
- Immediate effectivity of these guidelines upon issuance
- Strict compliance mandated
- Issued by the POEA Administrator, Felicisimo O. Joson, Jr., on June 21, 1993