Estop Everyday

The everyday life of a person who was a part and will always be a part of Estop Cafe.

Business name registration now only takes 15 minutes

Published by Enes under , , , on 7:10 PM


From the usual two days processing time, the amount of time spent in registering a business name has been cut to only 15 minutes because of the enhanced Electronic Business Name Registration System (eBNRS).

Trade Secretary Gregorio Domingo said, “The entire transaction will only take around 15 minutes. The actual processing takes only three minutes and the waiting time usually takes 10 minutes. So it’s really the waiting that makes the transaction time long, but still it’s only 15 minutes.”

The Department of Trade and Industry (DTI) conducted a random time-and-motion study in different parts of the country. In their study, Metro Manila averaged 278 business name applications in a day with a total processing time placed at 14.35 minutes. In areas where there were fewer applications, the average transaction time were even shorter, ranging from 5 to 12 minutes.

Aside from the faster registration of business name, the eBNRS allows the registration of the all the branches of a company in just one sitting, and the registration of a business in a different locality in the DTI office nearest the business owner. “The new system gives businessmen less hassle in doing business in the country. Our aim in automation is to lessen people handling the process and allow technology to hasten transaction. In a way it makes government transaction transparent and prevents corruption in the workplace,” Domingo said.

The system will also be made available online, according to the secretary. Aside from the eBNRS, Domingo said that the DTI is also working on the Philippine Business Registry (PBR), which is a one-stop shop for businesses that want to get mayor’s permit, and registration and licenses from the DTI, Securities and Exchange Commission (SEC), and other agencies. The system will also be made available for the application of Pag-Ibig, Social Security System (SSS), and Philhealth benefits.

“Business won’t have to go to each of the agencies in order to register. It’s still under development because we don’t want any glitches to happen once we launch it. We’re hoping to finish this before the end of the year,” Doming said.

This is really a good motivation for entrepreneurs and would-be entrepreneurs.

This entry was posted on Tuesday, October 19th, 2010 at 4:35 pm and is filed under Announcements, Articles, Business Terms, Entrepreneur Philippines, Filipino Entrepreneur, Government, Law, Motivation, Philippine Business, Philippine Business News, Philippines. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.


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ID Card Business

Published by Enes under on 5:10 PM

The business of ID card printing, the ones they called the “credit card” type, is really one of the business on the rise these days. Aside from schools and companies, even organizations would like to have membership cards made from the same type. Maybe you might want to consider this business, especially if you’re an entrepreneur who is in the printing business. Then take a look at the MA100K from Magicard and see how easy it is to start this business.

Their other models include MA100YMCKO and MA250YMCKO among others. Aside from the printers, of course they also have the consumables to have business running immediately. They even security features so you can provide guarantee to your clients that their cards will be safe and have protection should they get lost or stolen.

The business of ID card printing is really a very promising one — schools, colleges and universities would always have their ID cards, and so do companies who choose the plastic type for better representation. Like I said, organizations also opt for this type of membership ID.

Business who provides credit points or loyalty incentives to their customers also gives out this type card because of its durability, which they use to keep track of the customers’ accumulated points.

So you see, the possibilities are endless. Even the younger generations would even like to have their pictures printed in this type of card. If you are an aspiring entrepreneur looking for your first business, you might want to think about this business. Good luck!

This entry was posted on Thursday, November 4th, 2010 at 12:50 am and is filed under Product Reviews. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.


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