Application for Regular Membership

DEFINITION

Regular Member is an entity engaged in exporting furniture and home furnishings for the export market. (as amended on February 19, 2009)

REQUIREMENTS

  • Fully Accomplished Application Form
  • Securities and Exchange Commission (SEC) Registration (for corporation only)
  • Mayor’s Permit
  • Copy of the By – Laws if Corporation
  • Latest Audited Financial Statements (if applicable)
  • Original Bank Certificate (Certifying that you are a Regular Client of the bank)
  • Endorsement Letter/s from:
    • Two (2) CFIF Members of Good Standing; OR
    • DTI Regional Director; OR
    • DTI Provincial Director
  • Sketch of factory, warehouse, office location
  • Membership Committee Assessment: PhP10,000.00
  • Annual Membership Fee
    • Company Size (based on DTI definition excluding land)

    • Small: PhP 8,800.00
    • Medium: PhP 11,000.00
    • Large: PhP 13,200.00

Note: If application is not approved the Membership Committee Assessment and Annual Membership Fee will be returned.

QUALIFICATIONS

  • Must be an exporter of furniture and home furnishings in the Philippines. (as amended on July 31, 2007)
  • The company shall have been in the export business for at least (1) one year. In the event that the company has not had one year export experience, at least the top management of the company must have at least two (2) years of experience in export managing and running a manufacturing concern for exports. (as amended on February 19, 2009)
  • Should have a financial capability to supply at least one (1) 40-footer container-load. (as amended on February 19, 2009)
  • Should have a Factory/ Warehouse/ Office where regular business is conducted. (as amended on February 19, 2009)
  • Must be endorsed by at least two (2) regular members in good standing of the foundation, who shall vouch that the applicant is indeed qualified for membership. In the event that the applicant does not know any member, an endorsement signed by: either DTI Provincial Director or DTI Regional Director or anyone of equivalent position; or Bank endorsement that the company transacts business, can be accepted. (as amended on February 19, 2009)

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