The Department of Trade and Industry (DTI) launched its electronic payment (e-payment) facility for business name registrations on Monday that will make it easier for entrepreneurs to start a business in the Philippines.
“The e-payment facility for business name registration is one of the projects that the DTI is implementing to simplify the process of dealing with the government as entrepreneurs start and run their businesses,” Trade Secretary Gregory Domingo said.
He said that the DTI’s goal is to make the Philippines a favorable environment for both foreign and local businesses.
“In assuring entrepreneurs of an enabling business environment, the government is gathering institutions and partners from the private sector to work on key reform areas in line with President Aquino’s policy thrust anchored on good governance and transparency,” Domingo added, referring to President Benigno Aquino 3rd.
“In launching this facility, we enable enhanced delivery of services to the business community and further encourage economic activity in the country,” he further said.
DTI Undersecretary for Management Services Nora Terrado noted that after migrating the Enhanced Business Name Registration System (eBNRS) and Philippine Business Registry System (PBRS) to the cloud environment in 2013, the DTI enhanced these systems to make them robust for additional functionalities and services such as the e-payment facility.
“With this e-payment facility in place, entrepreneurs can apply and renew their business name without going to the DTI offices, and enjoy the convenience of paying the applicable fees online through their computers or mobile phones,” she said.
“This facility will further reduce the steps of business name registration since sole proprietors can now apply online through the BNRS website at bnrs.dti.gov.ph. In less than 15 minutes, they can complete the registration; moreover, they can opt to download and print their business name certificates,” Terrado added.