The Philippine government launched recently the National Business One-Stop Shop (NBOSS) at the Securities and Exchange Commission (SEC), with the aim of integrating the processes of different agencies in one location for one-person corporation applicants.
NBOSS is a physical co-location for agencies related to starting a business including the SEC, the Bureau of Internal Revenue, Social Security System, Philippine Health Insurance Corp., and the Home Development Mutual Fund.
Anti-Red Tape Authority (ARTA) Director General Jeremiah Belgica said the government aims to open more NBOSS locations in highly urbanized cities this year, following the physical co-location for Metro Manila.
“It will improve the business process to 9 steps in 7 days from 13 steps in 33 days of processing.”
ARTA said NBOSS and the Central Business Portal that is developed by the Department of Information and Communications Technology (DICT) will improve the business process to just nine steps in seven days from 13 steps in 33 days of processing.
Trade Secretary Ramon Lopez said the NBOSS launching is the automation of processes to further ease procedures in starting a business.
“It is in automation that we really experience ease of doing business.”
“It is in automation that we really experience ease of doing business,” Lopez said.
The trade chief said the online function of the NBOSS will further hasten procedures to only one day.
“We all want more investments. We all want more jobs to be created. And that’s why we improve ease of doing business,” the trade head stressed.