March 13, 2019
SEC-OGC OPINION NO. 06-19
RE: REMOTE MONITORING COMPANY, NATIONALITY REQUIREMENT
Sohgo Security Services Co. Ltd.
Manila Representative Office
23/F GT Tower International
6813 Ayala Avenue, Makati City
Gentlemen :
This is in response to your letter dated 17 January 2018 requesting for opinion on whether the proposed registration of a Remote Monitoring Company ("Company") that is engaged in the business of supply and installation of electronic monitoring equipment and provides monitoring and response service, complies with relevant laws and regulations in the Philippines.
The Company will supply, install and maintain alarms, CCTV cameras, sensors, fire detection devices and other related equipment. It will also provide CCTV and Alarm Monitoring Services to its clients. In case the sensor detects an abnormality while monitoring its clients, the Company shall send a staff to check and confirm the situation and afterwards issue a detailed report to the client. The Company will be owned 60% by a foreign company and 40% by a Filipino company.
In particular, you seek confirmation on whether the Company, with the proposed activities and equity structure, is subject to the...
