THE Department of Trade and Industry (DTI) rolled out its National Economic Research and Business Assistance Centers (Nerbac) at the provincial offices to spur more investments in Davao Region.

DTI launched on Wednesday at the Apo View Hotel in Davao City its Nerbac satellite offices to serve stakeholders in the provinces of Davao del Sur, Davao del Norte, Compostela Valley and Davao Oriental.

DTI Director for Davao Region Marizon Loreto explained that the centers that will be housed at the agency's respective provincial offices would provide a one-stop shop not only to promote and facilitate investments, but also to streamline business licensing and registration processes, as well as to provide export documentation and incentives to the business sector.

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Loreto anchored the trickling down of Nerbacs to the provinces from a directive of the President that was included in his first State of the Nation Address, saying the national leadership mandates to "simplify business registration processes and do away with certain red tapes."

She said this is to "ensure that the business clients in the region enjoy the so-called client friendly and environment conducive to business."

Lucky Siegfred Balleque, Nerbac Davao City manager, said Nerbac was created under Republic Act 7470 or the National Economic Research and Business Assistance Center of the Philippines Act of 1992.

Balleque elaborated that the "center shall provide prospective entrepreneurs/investors with the basic information on various business options that are open to them in accordance with the investment priorities of the government."

He said the "center shall likewise provide a one-stop action center which shall facilitate the processing and documentation of all paper requirements necessary for the establishment of a business enterprise in the country."

Nerbac Davao was the very first to be established in the country in 2006, followed by Cebu and all other regions, Balleque said.

He said the center serves as one location for DTI and other government agencies to provide the "necessary services to our business sector."

Balleque enumerated the following agencies as partners involved in business registration, licensing and accreditation: Securities and Exchange Commission, local government units, Cooperative Development Authority, Bureau of Internal Revenues, Home Development Mutual Fund, Social Security System, PhilHealth, Department of Labor and Employment and Philippine Retirement Authority.

He said the DTI is also working closely with local government units regionwide to be able to identify investment potentials, saying part of Nerbac's objectives is to identify and proactively promote investment opportunities.