DTI tasked to register small biz in barangays-A A +A
Sunday, August 24, 2014
THE Department of Trade and Industry (DTI) is set to streamline the registration of the Barangay Micro Business Enterprises (BMBEs) in a bid to shorten registration time to only 15 minutes.
DTI Secretary Gregory L. Domingo, in his keynote message during the National Micro, Small, and Medium Enterprises (MSME) Summit last Wednesday at the SMX Convention Center, SM Lanang Premier, said under the Go Negosyo Act, which was signed into law last July 15, the agency has been designated to take charge in the registration of BMBEs and issuance of the certificate of authority, a function that used to be under the Office of the Treasurer.
The Go Negosyo Act provides, "The DTI, through the Negosyo Center in the city or municipal level, shall have the sole power to issue the Certificate of Authority for BMBEs to avail of the benefits provided by Republic Act No. 9178, otherwise known as the 'Barangay Micro Business Enterprises Act of 2002.'"
"As such, the DTI will streamline the registration requirements and procedures so that BMBE applicants need only to accomplish a one-page registration form and expect to receive the certificate of authority within 15 minutes," he said.
The Go Negosyo Act also provides that "upon the approval of registration of the BMBE, the Negosyo Center shall issue the Certificate of Authority, renewable every two years. The DTI, through the Negosyo Center, may charge a fee which shall not be more than P1,000, to be remitted to the National Government."
Prior to the passage of the Go Negosyo Act or RA 10644, the processing period for the registration of BMBEs will take 15 working days upon the submission of requirements.
"This will definitely go a long way to promote entrepreneurship that will generate jobs and income in many small communities," Domingo said.
Published in the Sun.Star Davao newspaper on August 25, 2014.