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LEGAL
BASIS (Basic Law)
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R.A.
6938
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QUALIFICATION
FOR REGISTRATION
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-
group of at least 15
- 25%
of authorized capital is subscribed
- minimum
paid-up capital must be P2,000.00
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REQUIREMENT
FOR REGISTRATION
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Submit
4 copies of :
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Economic Survey
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Articles of Cooperation
- By-laws
- Affidavit
of Non-Relationship
- Bond
of Accountable Officers
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INCENTIVES/
ADVANTAGES
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-
Tax exempt privileges depending on category
or type of Cooperative
- VAT
exempt for Credit and Agricultural Coops
- Easy
access to services of financing institutions
- stronger
representation in policy advocacy issues
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AGENCY/OFFICE
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Cooperative
Development Authority
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ADDRESS
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2/f,
Barangay Consumers Coop Bldg. Legaspi St., Cebu
City
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TEL.
& FAX NOS. (63-32)
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253-5811;
253-5025;
254-5487 (fax)
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CONTACT
PERSON POSITION
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MRS.
ANGELES DE LOS REYES
Senior Cooperative Dev't. Specialist
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FEES
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- minimum
of P250.00
- Registration
fee depends on amount of paid-up capital
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PROCESSING
TIME
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one
(1) month
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