Marketers Accreditation
Statement of Policy
1. An accredited retirement facility is automatically an accredited marketer.
2. An accredited bank, by virtue of its built-in advantage over other marketers, cannot be accredited as a marketer including any of its officials.
3. A law firm / lawyer cannot be accredited BOTH as marketer and as merchant partner due to conflict of interest.
4. Nothing in these guidelines nor in the Memorandum of Agreement between PRA and the Marketer shall create nor be interpreted to create an employer-employee relationship between the two parties.
5. Revocation or amendment of these guidelines shall require the approval of the PRA Board of Trustees. Back to Top
Who May Apply
1. Single Proprietorship, with business address in or outside of the Philippines
2. Partnership
3. Corporation
4. Law Firm Back to Top
Requirements for Accreditation
1. Common Requirements for Sole Proprietorship / Partnership / Corporation a. Application for Accreditation – Annex “A”
b. Bio-data of officers with 2 x 2 pictures
c. Accreditation Fee of US$300.00
d. Business Name and Permit issued by DTI
e. BIR Certificate of Registration
f. Mayor’s Permit/Business License
g. Marketing plan on how to promote the Philippine foreign retirement program
h. Memorandum of Agreement with PRA 2. Additional Requirements for Partnership/Corporation a. Board Resolution/Secretary’s Certificate regarding the application for accreditation as Marketer and the promotion of the PRA Program as one of its objectives
b. Articles of Incorporation and By-Laws 3. Additional Requirements for Lawyer/Law Office a. Official receipt representing IBP membership and PTR
b. Experience in corporate law, immigration, real estate and/or condominium law (optional). Back to Top
Procedure in the Payment and Issuance of the Certificate of Accreditation as Marketer
1. Payment of Accreditation Fee
a. Accreditation fee of US$300.00 or its peso equivalent is due upon filing of the application and submission of all other requirements.
b. Deferment or waiver of payment of accreditation shall require written approval of the General Manager/CEO. 2. Issuance and Release of the Certificates of Accreditation
a. Upon receipt of the application and its supporting documents, the applicant is briefed by a Marketing Department staff on his obligations as a Marketer who shall be required to sign a Memorandum of Agreement.
b. For mailed applications, the applicant shall be required to attend a training seminar to be conducted by the Marketing Department.
c. The accomplished Application for Accreditation shall be processed and signed by the marketing staff who conducted the briefing to be noted by the Marketing Department Manager.
d. An ocular inspection of the applicant’s office address as stated in the application shall be conducted by the Marketing Department.
e. Upon completion of the above listed requirements, the Marketing Department shall recommend to the General Manager/CEO for approval of accreditation attaching therein the Certificate of Accreditation for his signature. The Corporate Seal will be affixed and the certificate immediately released to the applicant-marketer.
f. In case of deferment of the accreditation fee of US$300.00, a Certificate of Accreditation is issued with a validity of six (6) months from the time of issuance. If after six (6) months the Marketer has not enrolled a member, the temporary accreditation automatically expires without prejudice to re-application provided that the whole amount of US$300.00 is paid up front.
g. The Marketing Department shall furnish the RRSC and the Accounting Division a photocopy of the Certificate duly received by the Marketer. Back to Top
Renewal of Accreditation
1. Requirements a. Application for Accreditation – Annex “A”
b. Latest income tax return stamped received by BIR
c. Certificate of Training by the Marketing Department
d. Previous year’s sales performance
e. Such other requirements as may be required. 2. Renewal Fee a. The applicant shall be required to pay the renewal fee of US$150.00, deferment of which shall not be allowed unless otherwise approved in writing by the GM/CEO.
b. Renewal for any applicant who failed to produce the minimum required member-retiree for the first and succeeding years of his accreditation shall be on case-by-case basis.
c. For proper monitoring of all applicants, no accreditation fee as a Marketer shall be paid directly to the PRA Cashier without the order of payment from the Marketing Department.
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