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PIA Press Release

DTI to shorten processing of licenses and registration

by Prix Banzon

Davao City (1 September) -- The Department of Trade and Industry (DTI) XI will try to shorten the processing of licenses and registration of businesses to only three days, shorter than the current period of five days.

DTI Assistant Secretary Merly Cruz during the Club 888 Forum of The Marco Polo Hotel said they had simplified steps to shorten the processing of business registration which before took about 60 days.

She bared that the business sector can now access a single window for business registration and licensing, a project being carried out by DTI with the local government of Davao City and other national government agencies.

Among the cooperators for business licensing are Pag-IBIG Fund, Social Security Sytem, Bureau of Internal Revenue, Philippine Health Insurance Corporation, Department of Labor and Employment, Cooperative Development Authority and Mines GeoSciences Bureau.

For export documentation, the agencies involved are Bureau of Customs, Fiber Industry Development Authority, Philippine Coconut Authority, Department of Environment and Natural Resources, Philippine Quarantine Services and PhilExport.

Investors Assistance are handled by agencies, namely, the Board of Investment, Davao City Investment Promotion Center, Small Business Guarantee Finance Corporation, Mindanao Trade Expo Foundation, Inc. Medium and Small-made Industries Coordinated Program (MASICAP II).

Cruz also bared that businesses planning to register could apply during the holding of DATE 2006 at Bangko Sentral ng Pilipinas (BSP) on September 15 to 17, 2006.

"When they will file at our center at the DATE will see to it that they get their license within three days," she said.

She said the single window facility in Davao is not the only in the Philippines but in Asia although implementers are challenged by Australia's processing of only three days.

"This is something that will happen first in Davao and in the country," she added.

She also said that changes in the business transactions were made when the Davao Express Business Center (EBIZ Davao) was established in March 2005.

The scope of operation of the EBIZ however is expanded with the setting up of the National Economic Research and Business Assistance Center (NERBAC).

The NERBAC-Davao is a center that cuts layers of red tape and processing and will serve as a single entry point for businesses to access key government services and business information.

Among others, NERBAC will provide timely and relevant business information to prospective investors, a one-stop business registration, licensing and export documentation center, identify and promote investment opportunities in accordance with the investment priorities of the government for possible business match-up and improve the business environment through policy and regulation reforms and advocacy. (PIA XI) [top]

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