Negros Occidental cities join pact to shorten business licensing processes
Negros Occ. (21 August) -- In a move that would simplify the business permit processing in their respective LGUs, seven cities from this province entered an agreement with the Department of Trade and Industry (DTI) and the German Technical Cooperation to purse a streamlining scheme in business registration.
These cities include Bago, Silay, San Carlos, Cadiz, Kabankalan, Talisay and Sagay whose representatives signed a Memorandum of Understanding (MOU) to implement a streamlining project that will shorten the normally long and winding process of getting business license.
DTI Provincial Director Rebecca Rascon sees the project as one way to attract foreign investors as they prefer efficient and simplified business transaction procedures.
Bacolod City gained higher taxes after implementing a "One Stop Shop" venue for business permits and licensing where different agencies involved are lined in series of booths and tables allowing businessmen to transact in one place only, Chief of Bacolod Permits and Licensing Division Ardis Jaculina, said.
The practice placed Bacolod City in the national limelight and served as a model for other cities to follow.
Dubbed "Streamlining of Business Permit and Licensing System Project," cities involved will be working out the agreed scheme on August next year and assign specific tasks to personnel who will man the project.
DTI Regional Director Jose Abad said the project is a history- making endeavor.
President Gloria M. Arroyo, in a bid to attract more foreign investors, urged foreign companies to put their business in the country with the assurance of a sound business climate. (PIA-LOL) [top]