MANILA, PHILIPPINES – The Department of Trade and Industry (DTI) launches e-payment for business name registration through the electronic payment (e-payment) facility for which started this Monday, January 20 to make it easier for entrepreneurs to start a business in the Philippines.
According to DTI Secretary Gregory L. Domingo in a statement, in assuring entrepreneurs of an enabling business environment, the government is currently gathering institutions and partners from the private sector to work on key reform areas in line with the president’s policy thrust anchored on good governance and transparency.
“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,” Domingo said.
Domingo said that the DTI’s goal is to make the Philippines a favorable environment for both foreign and local businesses to flourish.
DTI Undersecretary for Management Services Nora K. 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,” Terrado said.
“This facility will further reduce the steps of business name registration since sole proprietors can now apply online through the BNRS website atbnrs.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 said.
Terrado added that registering a business name can also be done online through the PBRS website at business.gov.ph where entrepreneurs can also avail of other government-related services such as Taxpayer Identification Number (TIN) validation and/or creation with the Bureau of Internal Revenue and application of Employer’s Registration Number (ERN) with Pag-IBIG Fund, PhilHealth and Social Security System (SSS) in less than 40 minutes.
Through this e-payment facility, entrepreneurs may register their business name without the need to visit the DTI office if payments are done by electronic means. Currently, the DTI has enlisted both Globe’s GCash and Bancnet for this ePayment facility.
The e-payment facility was made possible in partnership with BancNet, Development Bank of the Philippines (DBP), Globe Xchange, Inc. (GXI) and Landbank of the Philippines (LBP).
