"One-stop" registration scheme for entrepreneurs launched
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Posted on January 27, 2012 08:30:42 PM
SETTING UP a business will hopefully become easier after the Trade department on Friday finally launched a “one-stop” registration program for would-be entrepreneurs.
The PBR system, originally scheduled to start last July but delayed due to technical issues, seeks to reduce red tape by allowing an applicant immediate access to five agencies: the Department of Trade and Industry (DTI), Bureau of Internal Revenue (BIR), Social Security System (SSS), Philippine Health Insurance Corp. (Philhealth) and the Home Development Mutual Fund (Pag-IBIG).
The process, which can be done at PBR stations or online, will take just 30 minutes instead of days, officials said.
“Apart from DTI regional offices, we will also make this available in city halls,” Trade Secretary Gregory L. Domingo told reporters.
The Quezon City government is already connected to the PBR system, the Trade department said in a statement.
Securities and Exchange Commission Chairman Teresita J. Herbosa, who was present at the launch, said: “Next month, the SEC will have a DTI (PBR) kiosk in our premises, so even if you are a sole proprietorship, a corporation, [or] partnership … you can get your SSS, BIR, Philhealth, and Pag-IBIG employer numbers in one place.”
The PBR scheme is an essential element of the 2011-2016 Philippine Development Plan (PDP), which has improving the local business environment as one of its aims.
Malacañang, in a statement, said: “The launch of the [PBR] represents a significant stride in our administration’s continuing efforts to streamline government processes and reduce red tape.” “Furthermore, this system means a level playing field for investors and entrepreneurs, and both SMEs (small and medium enterprises) and corporations will find that it is now easier to set up shop in the Philippines,” it added.
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"One-stop" registration scheme for entrepreneurs launched
