Get your business registered in less than an hour! A great help in your investments!

Get your business registered in less than an hour! A great help in your investments!

Hi Millionaires,

Just sharing this good news for those planning to build a new business in Quezon City!

You can now register a business in less than an hour!

Knowing the culture of long lines in the Philippines, especially in government offices and institutions, (yeah, I still recall that when I got my NBI clearance, passport, and other government clearances) this is such a big leap that will really reflect a more business-friendly Philippines.

How did they do that? Very simple.

This is primarily due to the collaboration of local Quezon City government with  

Philippine Business Registry.  The idea is to integrate every legal and government processes and requirements issued by several agencies into one place. These agencies include Department of Trade and Industry (DTI), Securities and Exchange Commission (SEC), Bureau of Internal Revenue (BIR),  Home Mutual Development Fund (Pag-Ibig), Philippine Health and Insurance Corp (PhilHealth), and Social Security System (SSS). 

So instead of going into several offices and be frustrated by very long queues every time, plus the not-so-friendly officers at times, you just now have to follow simple steps and submit all the requirements into one office and you’re on your way to your new business.

Spread the news!

Have fun and millions investing (in your new business)! J

Complete article here . You can also read below!

PS: For those who want to join Bo Sanchez' Truly Rich Club, you can check the details here -  a powerful guide for your financial wealth and spiritual abundance! Also a great help for building connections and enhancing business knowledge and experience with its constant wealth strategies articles! It also invites its members to its Wealth Circle Group - a group of people into business for a more profitable venture! You'll really enjoy it and learn a lot! Join now!

Photo credit

***

Get your new business registered in less than an hour

For entrepreneur Allan Corpuz, it was a pleasant surprise to learn that he was able to register his business in less than an hour.

At 8:30 a.m., he approached the Quezon City Business One Stop Shop, filled up a two-page Philippine Business Registry application form and submitted it to the teller for processing. Then, he proceeded to the verification counter to present his requirements. Upon checking if his documents were complete, he was advised to go to the cashier for the payment. 

By 9:10 a.m., he received his DTI Business Name Registration, Mayor’s Permit to Operate Business, and the QC Business License Plate. He can now start his business. “Very quick and very easy,” says Corpuz, owner of Power Six Refrigeration and Industrial Automation, to the new process implemented by Quezon City Government for its business permit and licensing system (BPLS). 

Corpuz was one of the first walk-in applicants in the city to experience the new registration and licensing procedures for single proprietorship. He did not expect that the process would be better and faster. He compared it to the old system, which resulted to long queues and waiting time, and when applicants had to go to each office just to register their businesses.

The Q.C. government, together with the Department of Trade and Industry (DTI) recently launched the Philippine Business Registry at Quezon City Hall to offer new entrepreneurs a faster and more convenient method of listing their businesses and getting their permits. Quezon City is the first local government unit (LGU) to be connected with the PBR.

Philippine Business Registry is an integration of registration processes of six government agencies, namely the Department of Trade and Industry (DTI), Securities and Exchange Commission (SEC), Bureau of Internal Revenue (BIR),  Home Mutual Development Fund (Pag-Ibig), Philippine Health and Insurance Corp (PhilHealth), and Social Security System (SSS). 

Applicants do not need to go to each of these agencies. Instead, they can get their DTI business name registration, taxpayer identification number (TIN) from BIR, and employer registration numbers (ERNs) from Pag-ibig, SSS, and Philhealth in just one place. 

Corpuz, who also registered a business a couple of years ago, noticed the trouble-free registration procedures today with the use of the PBR. “You will not get confused with the steps, especially if it’s your first time to apply for a (business) permit.” He stated.

Business registration through PBR involves only a few simple steps. First, the applicant will fill up the application form and submit it to the teller for processing. Then, the applicant will pay for the business name registration, and the teller will issue the Business Name Registration Certificate, Taxpayer Identification Number (TIN), and the PBR-generated employee registration numbers (ERNs) from SSS, Pag-ibig, and Philhealth. The applicant can get the ERN certificates from respective agencies after the registration.

In order to facilitate the registration and licensing through BOSS, applicants should bring the complete set of requirements, such as ID card, Barangay Clearance, Title of Property, and location map.

While Corpuz got his mayor’s permit to operate his business, he will still have to comply with other requirements, such as the sanitary permit, fire inspection certificate, and locational clearance within 90 days or he risks getting his business permit forfeited.

Enterprises belonging to minimally regulated/ low risk classification, like Corpuz’ fabrication of refrigeration system, can immediately start a business. Other businesses under this classification include law firms, consultancy firms, sari-sari stores, retail peddlers, carinderia, marketing and management consultancy, engineering and plumbing services, to name a few. However, businesses classified under high risk category must secure all the clearances before launch.
(taken from entrepreneur.com.ph/)