It used to be that an entrepreneur wanting to open a business in Quezon City will have to wait at least five days to register his business, now the same process can be done in 30 minutes. Quezon City Mayor Herbert M. Bautista led formal ceremonies to fully operationalize the Philippine Business Registry (PBR) in Quezon City on Monday. This system streamlines the steps for starting a business in the city to a convenient 30 minutes, with local government reforms complemented by systems innovations from the national government.
This is the first local government-PBR link in the country and is part of local government efforts to make it easier for startups to do business in the city. In 2010, Mayor Bautista launched the Business One Stop Shop (BOSS) which reduced the local government process of registering a new business to just a visit to the BOSS office. He followed this up with an Executive Order which effectively reduced by more than 50 percent the processes and requirements for applying for construction permits, slashing out 78 steps in the process and reducing it to only 14 procedures.
Now, the Quezon City Government has linked the BOSS process to the PBR which is government-initiated, web-based system that links a new business to at least seven government agencies, reducing the need for an entrepreneur to transact with the several offices just to get his business fully operational.
The PBR links the computerized registration systems of the Department of Trade and Industry (DTI), Securities and Exchange Commission, Cooperative Development Authority, Bureau of Internal Revenue, Social Security System (SSS), Home Development Mutual Fund (Pag-Ibig Fund), Philippine Health Insurance Corporation (PhilHealth), with the local government. This means that those who register with Quezon City\\\'s BOSS will be able to validate their registrations with DTI, apply or validate their tax identification number (TIN) and will not have to go each of the other agencies just to comply with the requirements for starting their business. A new business registrant can also check the status of his enterprise\\\'s application with the SSS, Pag-Ibig Fund, and PhilHealth from any DTI kiosk.
Right now, through PBR, sole proprietorships can have in less than 30 minutes, their DTI registration, taxpayer identification number (TIN), as well as employer registration numbers for PhilHealth, SSS, Pag-ibig.