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PHILIPPINES: One-Stop Business Registration Services Access Facility Set for 2020 Launch

A one-stop facility for the registration of new businesses in the Philippines is to be launched in early 2020. The service, when implemented, will allow applicants to submit documentation and complete all procedures for the registration of a new business from one central access point. They will be able to complete procedures for company name verification, unified form submission, unified employer and employee reporting, and payment of fees, among other tasks. At present, new business registrants or their representatives are required to visit the offices of several government agencies in order to complete the required paperwork and obtain the necessary authorisations.

Formally called the National Business One-Stop Shop (NBOSS), the facility will initially be available to applicants in the National Capital Region of Metro Manila before being rolled out to other areas of the country. The facility will integrate a number of business registration-related services currently offered separately by the Securities and Exchange Commission, the Bureau of Internal Revenue, the Philippine Health Insurance Corporation, the Social Security System, and the Home Development Mutual Fund, as well as the relevant local government units (LGUs) and other agencies.

While the facility itself will provide an offline interface to applicants, inter-agency coordination for ensuring timely service delivery will be conducted online via the government’s internal Central Business Portal (CBP). It is expected that this will cut the time required to start a business from the current 31 days to less than six days, and the number of required steps from 13 to just five steps. The government believes that once the business registration portal goes live, the registration time will be further reduced to just one hour. A date for the launch of the complete online service has yet to be announced.

The planned one-stop facility and the ensuing online platform for business registration have been championed by the country’s Anti-Red Tape Authority as part of its bid to improve the country’s ranking on the World Bank’s Ease of Doing Business Index, by reducing bureaucratic red tape and streamlining business registration processes. The initiative is also seen as an attempt by the government to reduce corruption among civil servants and improve public services in line with the country’s Ease of Doing Business and Efficient Government Service Delivery Act of 2018.

Content provided by Picture: HKTDC Research
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