Noy unveils online business name registration system

MANILA, Philippines - It will now take an entrepreneur a maximum of 15 minutes to renew his business registration, after the Department of Trade and Industry (DTI) demonstrated to President Aquino yesterday how they have expedited the formerly tedious process.

“Our aim in automation is to lessen people handling the process and allow technology to hasten transaction,” Trade Secretary Gregory Domingo said. Businessmen can now apply their registration names in the barangay level, and renewals are now “automatically” done.

“Dati rati, sa bawat branch mag-a-apply ka sa iba-ibang lugar, ngayon ay iisa na lang. Sa renewals naman, automatic approval na, ID na lang ang kailangan mong ibigay,” the DTI chief informed Mr. Aquino, who witnessed the whole expedited process.

President Aquino unveiled yesterday a faster Business Name Registration System (eBNRS) at the DTI-National Capital Region Area 3 office at Highway 54 (along EDSA) in Mandaluyong City.

The main objective is to create a business-friendly environment to attract more investments, both local and foreign.

The online registration, one of the government’s commitments to the public by giving businessmen less hassle in doing business, also makes government transactions transparent and prevents corruption in the workplace.

It takes only 15 minutes and P300 for an applicant to get a business name. The President witnessed how the new system works and he was pleased with it.

An applicant used to fill up eight pages of the application form but under the new system, only one page has to be filled up.

Domingo said the government is constantly improving its services and breaking down business barriers to ensure that there will be unhampered flow of services to the public notably the entrepreneurs in the country.

He cited the ongoing work at the Philippine Business Registry which aims to consolidate the business registration into one system including the mayor’s permit, Security and Exchange Commission, Department of Trade and Industry and other government permits and licenses.

According to Domingo, the National Economic Research and Business assistance Center places under one roof all government agencies giving permit and licenses.