Online business registration on
Roxas City (19 June) -- The government is establishing an online business registry system designed to create a national database and harmonize the existing business registration process.
The Department of Trade and Industry (DTI) is the lead implementing agency of the Philippine Business Registry (PBR) project.
DTI Capiz Public Information Officer Ken Queenie Cuņada said the online system is now operational and can be used by local businesses.
Based on the DTI website, the PBR is a web-based IT system that will eventually allow the online filing of applications for business registration, business permits and licenses and business dissolution using a single data entry facility, with links to the systems of national government agencies and local government units.
It is envisioned to facilitate a seamless transactional environment for business registration and facilitation with all the concerned agencies through the development of a web-based portal that is akin to the business portals of other countries. One of the key features that will be embedded in this portal is the web-based registry for all business entities registered in the country
Its objectives are to create a national business registry database, to harmonize business registration by assigning a unique Philippine Business Number (PBN) to each registered business entity, to facilitate business transactions among government agencies and the business sector by providing a single-window online transaction processing system.
There are now many government agencies, local government units, and public and private organizations supporting the project. The DTI is presently promoting the project to generate more support to it.
The online system has a single data entry facility which ensures that an applicant's basic business information is encoded only once. All government agencies and LGUs involved in business registration and license processing will refer to the same set of information as the need arises.
The PBR will forward the information supplied by the applicant to the respective agencies for further processing, and will only retain a subset of the information confined in a central database. Participating agencies will be able to push and pull data from the central database to the extent required by the enhanced registration system. Classified information will continue to reside in individual agencies and will not be part of the central PBR database.
Such a system makes it possible for prospective entrepreneurs to register new businesses and existing entrepreneurs to either renew their business registrations or file for business dissolution online through its business registration feature.
Other features have been added to enhance the system.
In the grand scheme of things, the PBR will function as technology tool for integrating business registration-related processes across interconnected information systems implemented by several government agencies. By helping streamline business registration procedures, it hopes to encourage more individuals and companies to engage in business. (DTI-PIA) [top]