Friday, January 27, 2012

Unified registry for businesses launched to reduce red tape

Unified registry for businesses launched to reduce red tape

“One-stop” registration scheme for entrepreneurs launched


This should notch up a bit the PH ranking in the IFC-WB "Doing Business" Index.

"To step up the country’s competitiveness, the Department of Trade and Industry (DTI) yesterday launched the Philippine Business Registry (PBR), a web-based system that will ensure faster and more efficient business registration processes for entrepreneurs.

"The PBR, which was targeted to streamline business registration in order to curb corruption and eliminate red tape, will serve as a one-stop shop for entrepreneurs who need to transact with several agencies to be able to start operating a business."