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Tuesday, July 23, 2024

Taguig signs pact with DTI on business reg system

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Taguig City signed an agreement with the Department of Trade and Industry (DTI) to integrate the city’s Business Permitting and Licensing System with the agency’s Business Name Registration System (BNRS) Next Gen.

The BNRS Next Gen is a web-based portal that allows end-to-end registration of business name (BN) for sole proprietors. It contains publicly available information about DTI-registered BNs that will help both the public and other government agencies check the validity of a particular BN.

Mayor Laarni Cayetano and DTI Secretary Alfredo Pascual sealed the partnership  on May 2 at the Convention Center of the New City Hall for the digital integration of their two systems to allow online verification of business names registered with DTI. 

The partnership removes the requirement for Taguig business owners to submit  DTI registration certificates. It also helps prevent the submission of fake business registrations – making it even easier to do business in the city.

Secretary Pascual highlighted the partnership’s potential to enhance the efficiency of the business environment, particularly for micro, small, and medium enterprises in Taguig.

“The DTI and Taguig City signed a memorandum that signifies our unwavering commitment to a government approach in nurturing an efficient business environment in our country. This agreement also symbolizes the partnership of the DTI and the City of Taguig in pursuit of our shared goal to improve the ease of doing business and to make the business ecosystem conducive for local entrepreneurs, notably for our micro, small, and medium enterprises in Taguig,” he said.

Pascual acknowledged the city government for its continuous support and implementation of DTI programs and initiatives, including the use of technology to enhance the efficiency of government processes and reduce bureaucratic red tape for industries.

On her part, Mayor Cayetano emphasized the city’s commitment to utilizing digital technology to improve governmental processes.

“I see this partnership [with DTI] as instrumental in empowering our local businesses, aligning with our core goal as a Transformative, Lively, and Caring City. Business owners will experience fewer burdens with simplified and automated procedures for obtaining business permits, as these processes are directly linked with DTI’s records. Truly, innovation lies at the heart of progress, and this collaboration exemplifies our commitment to fostering growth and efficiency within our business community,” she said.

The city chief executive also shared that the City has been modernizing business permit procedures through the City’s Business Permit and Licensing Office (BPLO) and the City Treasury Office. 

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