The Department of Industry (DTI) just recently announced the electronic payment (e-payment) facility for business name registration last January 20, 2014 to make it faster and easier for entrepreneurs to start a business in the Philippines.
According to DTI Secretary Gregory L Domingo, 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. Besides, he also added that the DTI's goal is to make the Philippines a favorable environment for both foreign and local business to flourish.
The 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 computer or mobile phones. Sole proprietors can now apply online through the BNRS website at bnrs.dti.gov.ph completing the registration of about 15 minutes and they can opt to download and print their business name certificates.
In addition, the registration of 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.
Please refer http://www.dti.gov.ph/dti/index.php?p=154&type=2&sec=2&aid=1264 of the article published by DTI with regards to e-payment for business name registration.
